The Usefulness of the Scoreboard of the Macroeconomic Imbalances Procedure in the European Union: Potentials for Reform

January 2015 • Knedlik Tobias

Analysis

Due to the financial crises in several EU member states, the EU has constructed a scoreboard of economic indicators to be used as an early warning system; future financial crises must be revealed at an earlier stage. The new scoreboard follows a ‘one size fits all’ approach, but research shows that country specifics makes early warning systems more accurate if they allow for different thresholds.

Investor-state arbitration under TTIP: Resolving investment disputes in an (autonomous) EU legal order (2015:2)

January 2015 • Lenk Hannes

Report

The prospect of inclusion of the investment-state dispute settlement (ISDS) in the Transatlantic Trade and Investment Partnership (TTIP), gave rise to heated debate and strong criticism in many EU countries. The initially much polarised either-or discussion has recently gained a more nuanced tone with Trade Commissioner’s Cecilia Malmström’s opening up for a reform of ISDS.

Transatlantic Market Integration, Business and Regulation: Building on the WTO (2015:11epa)

January 2015 • Hoekman Bernard , Mavroidis Petros C.

Analysis

The big regional trade agreements such as the Transatlantic Trade and Investment Partnership, TTIP, could significantly affect the world trading system. How and to what extent will these agreements generate gains from trade and reduce transatlantic trade costs? And what will they mean for third parties? This policy brief reviews some of the recent analyses and discusses how the TTIP could usefully draw on the experience in the World Trade Organization, WTO, to enhance transparency, and the scope for third parties to raise issues related to regulatory barriers to trade.

Entering a World of Footloose Tax Bases: Can the EU Generate Its Own Income? (2015:8epa)

January 2015 • Tarschys Daniel

Analysis

Expanding international exchange generates new collective needs that the nation states cannot satisfy, but also new sources of revenue from the digital economy and from the struggle against fiscal evasion. In this analysis, the author argues that to fund the provision of European collective goods, the EU must identify and pursue mobile tax bases that are not within the reach of the individual member states.

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