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Quarterly Report on the Euro Area (QREA), Vol. 24, No. 3 (2025)
  • General publications
  • Directorate-General for Economic and Financial Affairs

This Quarterly report examines three policy topics: recent trends and challenges in EU tax expenditures, the effect of public defence R&D on private R&D, and the impact of monetary policy on labour supply.

Ecosystem Services in a Simple Macroeconomic Framework
  • Scientific paper
  • Björn Döhring, Anna Thum-Thysen , loanna Grammatikopoulou, Alessandra La Notte, Beatrice Pataracchia, Domenico Pisani, Christophe Planas, Josselin Roman, Alessandro Rossi, Mayra Zurbaran Nucci, Directorate-General for Economic and Financial Affairs

This Discussion Paper explores a simple way (proof of concept) for integrating ecosystem services into a macroeconomic production function.