Monetary Policy and the Economy Q1/14

Downloads

• Monetary Policy and the Economy Q1/14 (PDF, 1.9 MB) March 2014.

Studies and Analyses

• Austria: Economic Activity Picks Up at the Turn of the Year (PDF, 2 MB) Ragacs. Ragacs – Monetary Policy and the Economy Q1/14 en Mar 31, 2014, 12:00:00 AM

• The EU’s Reformed Institutional Framework and the Way Forward (PDF, 2.1 MB) Kment, Lindner. Kment & Lindner – Monetary Policy and the Economy Q1/14 This article focuses on measures taken in 2012 and 2013 to reform the EU’s institutional
  framework. These measures, which were largely based on provisions included in the Treaty of
  Lisbon, have increased the role of the European Parliament and of the national parliaments.
  Stronger parliamentary involvement and interinstitutional agreements on democratic accountability
  seem to counter the theory of a lack of democratic legitimacy; legitimacy would appear
  to be jeopardized more severely by an emerging “social deficit.” At the same time, governance
  has become more complex, as the Community method of decision making was mixed with
  intergovernmental decision making in crisis management and prevention measures, and as
  variable membership patterns have evolved. By establishing the European Stability Mechanism
  (ESM) for euro area countries and a facility for providing balance of payments assistance
  to non-euro area countries, the EU has set up permanent financial crisis management
  mechanisms. Fiscal governance reforms replicate the precrisis structure, and – as before –
  success depends on the commitment of Member States to implement reform measures. With
  more detailed reporting requirements and more ambitious timelines in the European Semester,
  economic governance has become more extensive. Yet European and Monetary Union (EMU)
  remains incomplete: By establishing a banking union, the EU Member States have transferred
  national sovereignty to the supranational level, but the reforms stop short of a fiscal union, for
  which the Treaty of Lisbon would need to be changed. en EU economic governance reform, EMU, sixpack, twopack, fiscal compact, TSCG, banking union, SSM, SRM, SRF, European Stability Mechanism (ESM), outright monetary transactions (OMT), intergovernmental agreements F15, F55, K0, N24, N44, O52 Apr 9, 2014, 12:00:00 AM