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• 

  The global effects of global risk and uncertainty
  

  In this paper, we analyse the effects of a shock to global financial uncertainty and risk aversion on real economic activity. To this end, we extract a global factor, which explains approximately 40% of the variance of about 1000 risky asset returns from around the world. We then study how shock...

  In this paper, we analyse the effects of a shock to global financial uncertainty and risk aversion on real economic activity. To this end, we extract a global factor, which explains approximately 40% of the variance of about 1000 risky asset returns from around the world. We then study how shocks to the factor affect economic activity in 36 advanced and emerging small open economies by estimating local projections in a panel regression framework. We find the output responses to be quite heterogeneous across countries but, in general, negative and persistent. Furthermore, the effects of shocks to the global factor are stronger in countries with a higher degree of trade and/or financial openness, as well as in countries with higher levels of external debt, less developed financial sectors, and higher risk rating.

  • Published: 2018-10-23
  • Corporate Author(s): European Central Bank
  • Subject: econometrics, economic cycle, globalisation, international finance, macroeconomics
• Decision (EU) 2018/1093 of the European Parliament and of the Council of 4 July 2018 on the mobilisation of the European Globalisation Adjustment Fund following an application from France — EGF/2017/009 FR/Air France

  • Published: 2018-07-04
  • Corporate Author(s): Council of the European Union ; European Parliament
  • Subject: air transport, dismissal, employment aid, European Globalisation Adjustment Fund, France, general budget (EU), globalisation, Ile-de-France, Provence-Alpes-Côte d'Azur, reintegration into working life
• Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the mobilisation of the European Globalisation Adjustment Fund following an application from the Netherlands – EGF/2018/001 NL/Financial service activities

  • Published: 2018-07-20
  • Corporate Author(s): Directorate-General for Employment, Social Affairs and Inclusion (European Commission) ; European Commission
  • Subject: dismissal, Drenthe, employment aid, European Globalisation Adjustment Fund, financial services, Friesland, globalisation, Netherlands, Overijssel, reintegration into working life
• Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the mobilisation of the European Globalisation Adjustment Fund following an application from Greece – EGF/2018/003 EL/Attica publishing

  • Published: 2018-10-04
  • Corporate Author(s): Directorate-General for Employment, Social Affairs and Inclusion (European Commission) ; European Commission
  • Subject: Attica, commitment of expenditure, dismissal, employment aid, European Globalisation Adjustment Fund, general budget (EU), globalisation, Greece, publishing, reintegration into working life
• 

  Global trendometer
  Essays on medium- and long-term global trends, July 2018

  The EU faces challenges from the outside and the inside. Most of those are the symptoms of big underlying trends, and handling them needs foresight. The Global Trendometer tries to provide foresight for decision makers in the EU by analysing the changes in these long-term trends. This publicatio...

  The EU faces challenges from the outside and the inside. Most of those are the symptoms of big underlying trends, and handling them needs foresight. The Global Trendometer tries to provide foresight for decision makers in the EU by analysing the changes in these long-term trends. This publication does not offer answers or make recommendations. It presents summarised information derived from a range of carefully selected sources. This issue of the Global Trendometer analyses long-term trends on India, the labour-share of income, and democracy and artificial intelligence. It also features two-pagers on geoengineering, remittances, food security in China, economic waves, the US after Trump, public procurement and deep fakes.

  • Published: 2018-07-25
  • Corporate Author(s): Directorate-General for Parliamentary Research Services (European Parliament)
  • Subject: artificial intelligence, climate change policy, democracy, dissemination of information, economic policy, food safety, globalisation, labour market, public contract
• 

  Analysis of EU Member States’ strengths and weaknesses in the 2016 SMEs scoreboard
  Analysis based on robust clustering

  The European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), with the scientific support by the European Commission Joint Research Centre (JRC), assesses the Performance of Small and Medium Enterprises in Europe, depending on the performance i...

  The European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), with the scientific support by the European Commission Joint Research Centre (JRC), assesses the Performance of Small and Medium Enterprises in Europe, depending on the performance in the ten principles of: (1) Entrepreneurship, (2) ‘Second chance’, (3) ‘Think small first’, (4) ‘Responsive administration’, (5) State aid & public procurement, (6) Access to finance, (7) Single market, (8) Skills and innovation, (9) Environment, and (10) Internationalisation. This JRC technical report adopts a robust consensus clustering methodology to group European countries in 5 robust Clusters, based on similar performance in these principles. Then, Cluster average values are exploited to analyse strengths and weaknesses of European countries within the Small Business Act principle and to derive a prioritization setting as well as a benchmarking tool to guide European Member States in improving along the ten principles.

  • Published: 2018-06-06
  • Corporate Author(s): Joint Research Centre (European Commission)
  • Subject: aid to undertakings, business activity, business policy, entrepreneurship, EU Member State, globalisation, innovation, public contract, research report, single market, small and medium-sized enterprises, State aid
• Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the mobilisation of the European Globalisation Adjustment Fund following an application from Portugal – EGF/2018/002 PT/Norte – Centro – Lisboa wearing apparel

  • Published: 2018-09-10
  • Corporate Author(s): Directorate-General for Employment, Social Affairs and Inclusion (European Commission) ; European Commission
  • Subject: Central Portugal, clothing industry, dismissal, employment aid, European Globalisation Adjustment Fund, globalisation, Lisbon and the Tagus Valley, Northern Portugal, Portugal, reintegration into working life
• COMMISSION STAFF WORKING DOCUMENT MID-TERM EVALUATION of the European Globalisation Adjustment Fund (EGF) Accompanying the document REPORT FROM THE COMMISSION Report from the Commission on the mid-term evaluation of the European Globalisation Adjustment Fund (EGF)

  • Published: 2018-05-16
  • Corporate Author(s): Directorate-General for Employment, Social Affairs and Inclusion (European Commission) ; European Commission
  • Subject: commitment of expenditure, dismissal, employment aid, EU Member State, European Globalisation Adjustment Fund, financial aid, general budget (EU), globalisation, reintegration into working life
• Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the European Globalisation Adjustment Fund (EGF)

  • Published: 2018-05-30
  • Corporate Author(s): Directorate-General for Employment, Social Affairs and Inclusion (European Commission) ; European Commission
  • Subject: commitment of expenditure, dismissal, employment aid, EU Member State, European Globalisation Adjustment Fund, financial aid, general budget (EU), globalisation, reintegration into working life
• COMMISSION STAFF WORKING DOCUMENT IMPACT ASSESSMENT Accompanying the document Proposal for a Regulation of the European Parliament and the Council on the European Social Fund Plus (ESF+) Proposal for a Regulation of the European Parliament and the Council on the European Globalisation Adjustment Fund (EGF)

  • Published: 2018-05-30
  • Corporate Author(s): Directorate-General for Employment, Social Affairs and Inclusion (European Commission) ; European Commission
  • Subject: access to education, dismissal, employment aid, European Globalisation Adjustment Fund, European Social Fund, globalisation, job access, organisation of health care, reintegration into working life, social integration