This annual report provides a quality review of the national balance of payments (b.o.p.), international investment position (i.i.p.) and international reserves template of the Eurosystem (international reserves), as well as the associated euro area aggregates....
The main objective of this study is to define and test a comprehensive indicator for the sustainability impacts of gas infrastructure projects considering the TEN-E Regulation requirements of Art. 4.2 (b) (iv) and Annex IV.3. The proposed indicator improves the consideration of the projects’ sus...
We propose an empirical framework to measure the degree of weakness of the global economy in real-time. It relies on nonlinear factor models designed to infer recessionary episodes of heterogeneous deepness, and fitted to the largest advanced economies (U.S., Euro Area, Japan, U.K., Canada and A...
This report presents the findings of the tenth post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, which took place in Lisbon during 14-19 June 2019. Since the conclusion of the ninth post-programme surveillance mission in November 2018, Portugal’s economic ...
IntroductionThis report proposes a new index on quality of Active Labour Market Policy (ALMP) implementation. The report presents an approach that focuses primarily on the client journey of ALMP delivery, but also covers the institutional framework of ALMP implementation. The calculation of the ...
In March 2017, the European Union (EU) adopted a new indicator of ‘material and social deprivation’. This measure was developed by Guio et al (2012) and covers the entire population of the 28 EU Member States. It includes 13 deprivation items and replaces the 9-item ‘standard’ material deprivati...
This study, the fifth in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond, and summarises the main economic indicators in the EU and euro area and their two-year trends. It also explains the annual EU budget, provides an overview of its headings...
‘In the medium term, the convergence process towards more resilient economic structures… should become more binding. This would be achieved by agreeing on a set of common high-level standards that would be defined in EU legislation, as sovereignty over policies of common concern would be shared ...
This article compares the properties of the European Commission's Consumer Confidence Indicator (CCI) for the euro area with three alternative indices which differ from the former in that they (i) consider a richer set of survey questions and (ii) are the result of data-driven statistical techni...
This year’s EIS reveals that the EU’s innovation performance continues to increase at a steady pace. Further overall improvement is expected in the short-term, but progress remains uneven within the EU. The EIS 2020 report is the first edition published since the withdrawal of the United Kingdom...