Economic prospects for the European Union - Challe..
Economic prospects for the European Union - Challenges for the economic policy until the end of the current decade
Date du début: 1 sept. 2015,
Date de fin: 28 févr. 2017
In the context of the financial and sovereign debt crisis, the economic conditions in the EU have changed significantly. Therefore challenges for both the stabilization policy and the regulatory policy arise in order to eliminate the effects of the crisis and to initiate new economic growth processes. The economic policy actions should not only ensure a robust growth path, but also slow disintegration processes in individual markets or strengthen the weakening process of EU integration sustainable. In the project the future intervention options by monetary and fiscal policy will be investigated. On the one hand are the chances and risks, which - could arise as a part of a realignment of the policy process - at a looming normalization of economic activities until the end of the decade. The analysis is not restricted to examine the effects in the EU countries, but to identify the feedback on the international markets. On the other hand - based on the experiences with the latest crisis - it should also be answered the question what role have stabilization policy in crisis prevention. The crises has exposed the weaknesses of the institutional framework, in particular the European Monetary Union and the increased demand for a stable long-term regulatory framework. Therefore, proposals for realignment of financial market regulation, the rule-bound public financing, and strengthening economic policy coordination will be discussed. The results will be available for the scientific community in the form of a journal and for the general public in digital form als well as newspapers. In the policy, the results will be incorporated by the politicians present at the conference and the science-based policy advice.
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