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41. Climate Change in the US Government Budget - Funding for Technology and Other Programmes, and Implications for EU-US Relations

Author:
Thomas L. Brewer
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
With increasing Congressional support for funding climate change technology programmes, as reflected in passage of the Hagel/Pryor amendment to the energy policy bill in June 2005, issues about the climate change budget are becoming more salient. In this Policy Brief, Congressional and Presidential actions on several recent budgets are examined for the four principal areas of the climate change budget: technology, science, international and tax credits. The emphasis is on energy technology in particular, because of its salience in current policy discussions and its relative size in financial terms. Highlights of the findings include the following: Congress imposed substantial (63.3%) increases over the administration's climate change technology proposals for 2004 and then small increases for FY2005. For 2006, the administration has proposed reductions compared with the Congressionally-enacted levels in the technology component – reductions in both nominal and inflation-adjusted terms (-4.1% and -5.6%, respectively). The administration has also proposed cuts for fiscal 2006 in the science and international programmes (-2.9 and -19.0% in real terms). These and other differences in Presidential and Congressional approaches to funding climate change programs provide further evidence that the Presidential-Congressional divide on climate policy is continuing to widen. There is an emerging bi-partisan Congressional coalition in favour of increased spending on a wide range of climate change programmes. This shift will affect EU-US relations on climate change issues for the remainder of the current administration until 2008, and beyond as well.
Topic:
Economics and Science and Technology
Political Geography:
United States and Europe

42. Political Integration in Europe and America: Towards a Madisonian Model for Europe

Author:
Mark C. Christie
Publication Date:
05-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
While integration in Europe is, in several important aspects, already more advanced than it was in America during the decades prior to the American Civil War, there are important differences that make deeper political integration comprising all members of the European Union unlikely in the near term. A smaller group of EU members, however, is likely to continue towards deeper integration, although questions of constitutional legitimacy must be confronted and resolved. European integrationists may find the federalist principles of James Madison, regarded as the father of the American Constitution, valuable both for deeper integration and wider expansion. A Madisonian federal model for Europe could prove acceptable both to many euro-federalists and euro-sceptics and thus advance the cause of European integration. Ironically, a European federal union based on Madisonian principles would be much closer to the vision of many of America's founders than the federal structure of present-day America.
Topic:
Government and Politics
Political Geography:
United States and Europe

43. Iran: The Moment of Truth

Author:
Patrick Clawson, François Heisbourg, and Vladimir Sazhin
Publication Date:
06-2005
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The definition of European policy objectives and strategies vis-à-vis Iran's nuclear ambitions must take into account the specificities of the case, setting, as it were, its problématique. First, we have the unusual situation of a basically three-way game: the EU (and notably the EU-3, comprising the UK, France and Germany), Iran and the 'significant other', the United States, which is outside of the negotiation but a key player. Any student in strategy knows that a triangle is the most unstable and tricky combination to deal with, and the presence of yet another set of outsiders (notably Russia and China) adds another element of complexity.
Topic:
Development and Peace Studies
Political Geography:
Russia, United States, United Kingdom, Europe, Iran, Middle East, France, and Germany

44. Multilateral Market-Access Reforms of the Doha Round: A Preliminary Assessment of Implications for EU Agricultural Trade

Author:
Wusheng Yu and Hans G. Jensen
Publication Date:
01-2005
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The July package of the Doha Round of trade negotiations stipulates that a tiered-formula approach should be used to significantly reduce market access barriers across countries, implying that the EU would have to make larger cuts to its high external tariffs, in comparison with many other WTO members such as the US. This paper provides a preliminary assessment of the likely impact of the tiered-formula reform approach on EU agricultural sectors. Numerical simulations of a multilateral market-access reform scenario show that such cuts would lead to across-the-board decreases in intra-EU trade flows, as compared with a baseline projection. While intra-EU trade flows would decrease, the EU's trade with the rest of the world would increase. Yet such increases would not be symmetric – imports into the EU would increase more than exports, resulting in larger external trade deficits or smaller external trade surpluses in many EU agricultural products. Further, the resulting adjustments in member states' production and net trade positions are not equal: the new member states would generally lose part of their export shares in the EU market to external competitors, as highlighted in the cases of bovine meat and dairy products.
Topic:
Economics, Human Welfare, and International Trade and Finance
Political Geography:
United States and Europe

45. European Homeland Security Post-March 11th and Transatlantic Relations

Author:
Didier Bigo, Jeremy Shapiro, and Andrei Fedorov
Publication Date:
10-2004
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
In the oral presentation of their papers, Didier Bigo, Jeremy Shapiro and Andrei Fedorov generally highlighted their respective region's specificities rather than dwelling on the elements of commonality. Although this was in part a consequence of the European Security Forum's modus operandi – with its differentiated European, American and Russian perspectives, rarely in our meetings has the contrast been so clearly highlighted.
Topic:
Security, Foreign Policy, and Terrorism
Political Geography:
Russia, United States, Europe, and Asia

46. Road Maps and Final Destinations for Israel and Palestine

Author:
Michael Emerson and Nathalie Tocci
Publication Date:
04-2003
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The Quartet was born at a meeting of foreign ministers in Madrid in April 2002, in response to Israeli army incursions into the Palestinian territories and in an attempt to give a fresh impetus to Western efforts to revive the lapsed Middle East peace process. The Quartet consists of the EU, Russia, the US and the United Nations. Given the relative passivity of the Russian and UN participants, the Quartet is effectively being driven by the US and the EU. While not yet successful in re-activating the peace process, it confirms in principle for the EU for the first time since the end of the Clinton period that the peace process is no longer the exclusive domain of the US, and that the US appears to welcome a more active European role as a political player, rather than just a payer of aid.
Topic:
Conflict Resolution and Peace Studies
Political Geography:
Russia, United States, Europe, Middle East, Israel, Palestine, Arabia, and United Nations

47. Maintaining Security with Borders: Towards a Permanent State of Emergency in the EU?

Author:
Sergio Carrera and Joanna Apap
Publication Date:
11-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This report carries out an assessment of the European measures and practices implemented within the scope of the Schengen borders regime after the terrorist attacks of 11 September 2001 in the United States. In particular we look at: the re-introduction of border checks on the basis of Art. 2.2 of the Schengen Convention, along with the plan to put protestors under surveillance and deny entry to suspected troublemakers; and the policies on intrusive surveillance through the use of biometric technologies and databases , as well as the controv ersial EU/US bilateral relations on the transfer of Passenger Name Record information (PNR).
Topic:
Security and Human Rights
Political Geography:
United States and Europe

48. Monetary Policy Rules and the International Monetary Transmission

Author:
Leonor Coutinho
Publication Date:
10-2002
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper analyses alternative monetary policy rules for the ECB, using a two "country" model of the euro area and the US, that assumes monopolistic competition, sticky prices and optimizing agents. The alternative rules analyzed for the ECB are ranked by their ability to stabilize consumption, output, and inflation and maximize consumers' welfare. The analysis contributes toward understanding the trade-offs faced by policymakers in open economies and provides some support for the current design of the ECB's operational framework. The results suggest that stabilizing money-growth, in addition to inflation, gives an additional degree of freedom to stabilize output. Although price stability is likely to remain the primary objective of the ECB, monetary policy must "without prejudice of price stability (...) support the general economic policies in the Community..." (Article 2). Hence monitoring money, under certain assumptions about the shocks hitting the economy, may deliver a better outcome in terms of output stabilization which should allow the ECB to fulfill its secondary but nonetheless important commitment.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
United States

49. Estimating the Effects of Fiscal Policy in OECD Countries

Author:
Roberto Perotti
Publication Date:
10-2002
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countries, using a structural Vector Autoregression approach. Its main results can be summarized as follows:1 ) The estimated effects of fiscal policy on GDP tend to be small: positive government spending multipliers larger than 1 tend to be the exception; 2) The effects of fiscal policy on GDP and its components have become substantially weaker over time; 3) Under plausible values of the price elasticity, government spending has positive effects on the price level, although usually small; 4) Government spending shocks have significant effects on the nominal and real short interest rate, but of varying signs; 5) In the post-1980 period, net tax shocks have positive short run effects on the nominal interest rate, and typically negative or zero effects on prices; 6) The US is an outlier in many dimensions; responses to fiscal shocks estimated on US data are often not representative of the average OECD country included in this sample.
Topic:
Economics and Government
Political Geography:
United States and Europe

50. Outsourcing and Inequality

Author:
Paul Brenton, Bob Anderton, and Eva Oscarsson
Publication Date:
10-2002
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper brings together and analyses the results of empirical analyses which, in contrast to most other studies, find that trade has been a significant cause of labour market inequality in various industrialised countries. The approach is based upon the concept of outsourcing – whereby the low-skill parts of the production chain are 'outsourced' to low-wage countries. A distinguishing feature of the empirical work is the use of highly detailed trade data, which allow imports from high- and low-wage countries to be separately identified at the industry level. Using cost minimisation framework, we show that imports from low-wage countries have made a significant contribution to the decline in the wage-bill share and/or relative employment of less-skilled workers in the UK, the USA, Sweden and Italy. We also show how the country-specific characteristics of outsourcing can lead to quite different inequality outcomes in different countries. In line with other studies, we also find that technology has played an important role in causing the increase in inequality in many countries. However, there is also some evidence that some of the rapid increase in the application of new technologies in recent decades has been trade-induced through mechanisms such as 'defensive innovation'.
Topic:
Economics, Industrial Policy, International Trade and Finance, and Science and Technology
Political Geography:
United States and United Kingdom