What if the Next Financial Crisis Hits the Banking Union? A Call for an “If All Else Fails” Clause. European Policy Brief No. 16, September 2013

This Policy Brief argues that the envisaged design of the Banking Union risks not being sufficient to deal with the next large-scale financial crisis. Therefore, an “if all else fails” clause should be approved, stating that the Banking Union members can provide joint last resort financing to deal with a future crisis. An agreement on the clause should be feasible because it is beneficial to all Member States.

Russia in the Balkans: How should the EU respond? EPC Policy Brief, 12 October 2015

On 3 September 2015, Russia's 7th Guards Airborne-Assault (Mountain) Division kicked off an exercise near the Black Sea city of Novorossiysk, some 150 km southeast of the annexed Crimean peninsula. The timing was chosen carefully. 'Swift Response', a large-scale drill run by NATO alongside the coastline of Romania and Bulgaria, along with other European locations, had concluded several days earlier. Codenamed 'Slavic Brotherhood', the war games at Novorossiysk involved Belarusian Special Forces and, strikingly, paratroopers from Serbia. Here was a country negotiating its accession to the EU and a recent signatory of a cooperation deal with NATO that was siding with the self-declared competitor of the West.

The Path towards 1.5 degrees Celsius. CEPS Policy Brief No. 336, 3 December 2015

In less than one year, the country-led exercise in preparing Intended Nationally Determined Contributions (INDCs) has accomplished what the top-down approach characteristic of the UNFCCC has not been able to achieve in over 21 years of negotiations, namely to produce a sound agreement to reduce climate change. As such, the UNFCCC should adopt a new process similar to that used in developing the INDCs, in which Parties to the Convention would mobilise their national efforts, but on a wider scale and under certain agreed binding conditions. To ensure a comprehensive engagement, this Policy Brief recommends the introduction of a four-tier system in which the most developed nations called upon to take the lead, but with the very least developed nations also contributing to the intended UN objective.

Economic Policy Coordination in the Euro Area under the European Semester. CEPS Special Report No. 123, December 2015

The implementation record of the Country Specific Recommendations (CSRs) has declined over time, as financial turbulence lessened and the economic outlook started to improve. Urgency for reforms seemingly receded to leave room to request member states to move towards more accommodative stances. It is mainly the small countries that implement, at least partially, the recommendations addressed to them. Unfortunately, there is little that the EU can do to change the status quo. Yet, the President of the Eurogroup could be held accountable for the implementation of the recommendations addressed to the euro area. The creation of National Competitiveness Boards risks making the European Semester even more complex and likely to have little impact in the countries that need them most, namely large countries and those with poor governance. To make it effective, a procedure would be needed to make national wage norms consistent at the euro-area level, which may be a very difficult objective to achieve.

A proposal to revive the European Fiscal Framework. Bruegel Policy Contribution ISSUE 2016/07 MARCH 2016

Pro-cyclical fiscal tightening might be one reason for the anaemic economic recovery in Europe, raising questions about the effectiveness of the EU’s fiscal framework in achieving its two main objectives: public debt sustainability and fiscal stabilisation. • In theory, the current EU fiscal rules, with cyclically adjusted targets, flexibility clauses and the option to enter an excessive deficit procedure, allow for large-scale fiscal stabilisation during a recession. However, implementation of the rules is hindered by the badly-measured structural balance indicator and incorrect forecasts, leading to erroneous policy recommendations. The large number of flexibility clauses makes the system opaque. • The current inefficient European fiscal framework should be replaced with a system based on rules that are more conducive to the two objectives, more transparent, easier to implement and which have a higher potential to be complied with. • The best option, re-designing the fiscal framework from scratch, is currently unrealistic. Therefore we propose to eliminate the structural balance rules and to introduce a new public expenditure rule with debt-correction feedback, embodied in a multi-annual framework, which would also support the central bank’s inflation target. A European Fiscal Council could oversee the system.

The Electoral Verdict and After: The Road Ahead for India. Asia Policy Brief 2014/04, June 2014

The convincing victory of the BJP in the 2014 Indian general elections came as a surprise to many. Most opinion polls, which had predicted a win for the Bharatiya Janata Party (BJP) and the National Democratic Alliance (NDA) that it leads, had not anticipated the scale of the party’s victory. The BJP alone won 282 seats and the NDA 336 out of 543 seats in the Lok Sabha, the lower house of Parliament. Two things stand out in the verdict. This is the first time in 30 years that a party won a majority on its own; this is also the worst-ever showing by India’s grand old party, the Indian National Congress, which won a mere 44 seats, 70 less than its previous all-time low in 1999.

The impact of the targeted harmonized wage code on unemployment insurance /

"May 2002"--Prelim. p.

Investigation of concentration of economic power; monograph no. 1[-43]

Printed for the use of the Temporary National Economic Committee.

National independence; or, A common-sense policy,

Employment demands protection.--Why any exclusive policy?--The free trade trap.--Protection enriched us, not free trade.--Free trade poisons patriotism.--Kill industries and commerce dies.--Theories are dangerous guides.--Industrial displacements spell ruin.--Independence the only policy.--The fatal policy of laissez faire.--"Cheap and nasty."--Our unearned increment.--Free trade a spiteful mistress.--The fertility of character.--We cultivate weakness, not strength.--Britons can manage British business.--Second markets.--The country's average wage.--If trusts, then British trusts.--Labour's true interests.--Germany and her navy.--Class-hatred is suicide.--The tax on wheat.--The little-Englander rat.--The seeds of decay.--Education and patriotism.--Intemperate legislators.--National strongholds.--Futile scheming.--The balance of power.--The suffragette among nations.--Naval warfare in the future.--Universal service.--Broken reeds.

Policy alternatives for pump irrigation in Indonesia /

"A Small Scale Irrigation Management Project Applied Study prepared for the USAID Mission to Indonesia by the Irrigation Support Project for Asia and the Near East and for the Ford Foundation by the Centre for Agro-Socioeconomic Research."

A feasibility study of the use of unemployment insurance wage-record data as an evaluation tool for JTPA : report on project's phase I activities /

"January 1991."

Using unemployment insurance wage-record data for JTPA performance management.

"June 1992."

Pension coverage and vesting among private wage and salary workers, 1979 : preliminary estimates from the 1979 survey of pension plan coverage /

Includes bibliographical references.

Triple audit; employee attitude scale development and preliminary norms,

Mimeographed.

Compensating wage differentials and hazardous work /

Cover title.