2017 Fellowship Initiative Papers – “Challenges to integrated markets”

2017 Fellowship Initiative Papers are written by external experts commissioned to write research papers, retaining complete academic independence, contributing to the discussion on economic policy and stimulating debate. The views expressed in this document are therefore solely those of the author(s) and do not necessarily represent the official views of the European Commission.

• Fiscal Policy Stabilisation and the Financial Cycle in the Euro Area
• Trade Policy and Structural Reforms at the Zero Lower Bound: Lessons Learned and Suggestions for Europe
• EMU and Labour Market Policy: Tensions and Solutions
• Banks in Tax Havens: First Evidence Based on Country-by-Country Reporting
• Globalisation and Income Inequality Revisited
• Externalities, Institutions and Public Perception: The Political Economy of European Integration Revisited
• Services Trade Policy, Domestic Regulation and Economic Governance
• Wages and Nominal and Real Unit Labour Cost Differentials in EMU
• The Fiscal-Monetary Policy Mix in the Euro Area: Challenges at the Zero Lower Bound
• External Imbalances and the Wage Curve: The Role of Labour and Product Market Regulation
• The Importance of a Banking Union and Fiscal Union for a Capital Markets Union
• The Aggregate and Country-specific Effectiveness of ECB Policy: Evidence from an External Instruments (VAR) Approach
• Should We Use Linearised Models To Calculate Fiscal Multipliers?
• Structural Convergence versus Systems Competition: Limits to the Diversity of Labour Market Policies in the European Economic and Monetary Union
• Missing Convergence in Innovation Capacity in the EU: Facts and Policy Implications