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711. Translating Economics into Politics in Cold War Germany

Author:
James C. Van Hook
Publication Date:
06-2007
Content Type:
Journal Article
Journal:
German Politics and Society
Institution:
German Politics and Society Journal
Abstract:
Economics and economic history have a fundamental role to play in our understanding of Cold War Germany. Yet, it is still difficult to establish concrete links between economic phenomena and the most important questions facing post 1945 historians. Obviously, one may evaluate West Germany's “economic miracle,” the success of western European integration, or the end of communism in 1989 from a purely economic point of view. To achieve a deeper understanding of Cold War Germany, however, one must evaluate whether the social market economy represented an adequate response to Nazism, if memory and perspective provided the decisive impulse for European integration, or if the Cold War ended in Europe because of changes in western nuclear strategy. Economic history operates in relation to politics, culture, and historical memory. The parameters for economic action are often as determined by the given political culture of the moment, as they are by the feasibility of alternative economic philosophies.
Topic:
Cold War, Economics, and Politics
Political Geography:
Europe, Germany, and West Germany

712. Why has Swedish Inflation been Persistently Low?

Author:
Felix Hufner
Publication Date:
06-2007
Content Type:
Working Paper
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply-side factors help to explain this phenomenon, all related in some sense to increased global integration. First, a shift towards imports from low-cost producing countries has resulted in falling import prices. Second, deregulation and increased product market competition with foreign companies entering the market has led to price falls in some sectors, notably in retailing. Third, wage growth has lagged productivity and kept unit labour costs down. This paper reviews these factors and analyzes the policy options for the central bank.
Topic:
Economics, Labor Issues, Monetary Policy, and Inflation
Political Geography:
Europe, Sweden, and Scandinavia

713. The Effects of Alternative Policy Scenarios on Multifunctionality: A Case Study of Spain

Author:
Irene Blanco, Arancha Simó, and Consuelo Varela-Ortega
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This paper focuses on the comparative analysis and evaluation of the impact of multifunctionality on the agricultural sector for different scenarios that take into account the protection of the environment and natural resources as well as the international trade agreements in the context of the EU agricultural sector. The research focuses on two different regions in Spain that represent the continental agriculture of the region of Castilla-Leon in the northern central plateau and the Mediterranean fertile agriculture of Andalusia in the south. The analysis has been carried out based on mathematical programming models that simulate farmers' behaviour and their response to the different policy scenarios that correspond to the EU agricultural policies (CAP programmes) and water policies (Water Framework Directive) currently in place. Specifically, these scenarios are: full and partial decoupling, subsidy modulation, crop prices reduction, cross-compliance measures and water pricing policies. Results indicate that the new decoupled CAP will not lead to drastic changes in land use in the two regions studied but will have negative repercussions on farmers' income. Moreover, the introduction of additional measures, such as cross-compliance, will contribute substantially to improving and protecting the environment even though they amount to an additional cost for farmers. Reduction in crop prices will have significant effects on international trade and is likely to produce a reduction in farm intensification and hence a beneficial effect on the environment but will involve negative socio-economic impacts in marginal rain-fed farms. As regards the integration of agricultural and water conservation policies, the application of the EU Water Framework Directive in conjunction with the new CAP reform would produce different regionspecific effects and might question the viability of a number of irrigated farms in Spain.
Topic:
Agriculture, Economics, and Treaties and Agreements
Political Geography:
Europe and Spain

714. Potential WTO Trade Reform: Multifunctionality Impacts for Ireland?

Author:
Kevin Hanrahan and Trevor Donnellan
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The economic impact of trade policy reforms on various sectors of the economy receives more attention than the effects on the environment. This may be partly owing to the secondary importance attributed to environmental or multifunctionality issues when economic consequences take centre stage. An additional consideration, however, may be the practical difficulties of bringing together models that examine the economic impact of trade policy reforms and models that can measure environmental or multifunctionality indicators.
Topic:
Economics, Politics, and Treaties and Agreements
Political Geography:
Europe and Ireland

715. European Financial System Governance

Author:
Karel Lannoo
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Much has been achieved in upgrading and integrating the 'governance' of the European financial system in recent years. In parallel with the successful adoption of the Financial Services Action Plan (FSAP), the EU managed to reform its regulatory structure, extending what was proposed by the Lamfalussy Committee for securities markets in early 2001 to banking and insurance. The EU thus created permanent committees of securities, banking and insurance supervisors (the 'Level 3 Committees' – CESR, CEBS and CEIOPS). This rapid reform demonstrated that national authorities were capable of overcoming domestic biases, adapting the supervisory structure, and instituting a much greater degree of supervisory cooperation than had existed previously.
Topic:
Economics and International Trade and Finance
Political Geography:
Europe

716. Fixing the Services Directive

Author:
Stefano Micossi
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
In the spring of 2004, the European Commission approved a draft Directive on Services in the Internal Market and sent it to the Council and the European Parliament. The proposal is the cornerstone of the ailing Lisbon strategy to revive growth and jobs in the European Union: services account for 70% of GDP and employment in advanced countries, and their performance is a main determinant of overall productivity and employment growth. In the European Union, the markets for services are still organised along national lines, cross border trade remains relatively underdeveloped and competition is scarce. The productivity gap with the United States is largely explained by these obstacles.
Topic:
Economics, International Cooperation, and Regional Cooperation
Political Geography:
United States, Europe, and Lisbon

717. Confidence through Compliance in Emissions Trading Markets

Author:
Christian Egenhofer and Joe Kruger
Publication Date:
04-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Emissions trading is a market-based mechanism designed to allow firms to choose the most cost effective strategy to meet environmental standards. The success of SO2 and NOx emissions trading systems in the United States and the launch of the ambitious European Union Emissions Trading System (EU ETS) underscore the value of emissions trading as a tool for environmental policy.
Topic:
Economics, Environment, and International Cooperation
Political Geography:
United States and Europe

718. Environmental Policy Competition and Differential Tax Treatment: A Case for Tighter Coordination?

Author:
Paul J. G. Tang and Richard Nahuis
Publication Date:
02-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The Kyoto Protocol binds the level of greenhouse gas emissions in participating countries. It does, however, not dictate how the countries are to achieve this level. The economic costs of reaching emission targets are generally evaluated to be low. For example, evaluations with applied general-equilibrium models estimate the costs to be in the range of 0.2% to 0.5% of GDP, when international trade in emissions rights among governments is allowed for. We argue that important costs are overlooked since governments are inclined to choose highly distorting tax schemes.
Topic:
Economics, Environment, and Treaties and Agreements
Political Geography:
Europe

719. Employment and Competitiveness: The Key Role of Education

Author:
Daniel Gros
Publication Date:
02-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
More than half way into the decade, it is clear that the ambitious goal to make the EU the 'most competitive economy' by 2010 will be missed. This contribution shows that investing more in education would be the key in terms of employment, a central element in the Lisbon goal. Improving the skills of the EU's population would have, inter alia, a direct impact on the employment rate. Reaching the Lisbon goal of an employment rate of 70% would be possible even without labour market reforms if the average level of qualification of the EU were to reach the benchmarks in this area (which in turn are very close to the values reached by the best performing member states).
Topic:
Development, Economics, and Human Welfare
Political Geography:
Europe and Lisbon

720. The game's not over yet for the Capital Requirements Directive...

Author:
Rym Ayadi
Publication Date:
02-2006
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Following seven years of painstaking and demanding negotiations, European bankers and regulators breathed a sigh of relief when the Capital Requirements Directive (CRD) finally got through the European Parliament on 28 September 2005, and was formally approved by the Council of Ministers of the 25 EU member states on 11 October 2005. The new CRD will finally apply the complex, risk-sensitive Basel II capital adequacy rules to some 8,000 European banks and some 2,000 investments firms in two stages, the first in January 2007 and the second one year later.
Topic:
International Relations, Economics, and Government
Political Geography:
Europe