This paper discusses a number of good practices across the public investment lifecycle, drawing on recent survey evidence from all EU Member States. It points to examples of integrated strategic planning and appraisal/selection models that effectively guide budget allocation and use asset regist...
With policy ambitions at an all-time high, the green transition is set to accelerate over the next decade and trigger significant structural change in EU labour markets. While aggregate employment impacts of the green transition may remain contained, shifts are likely to occur between sectors, f...
This paper attempts to shed light on post-COVID-19 labour market developments across the EU, notably on the simultaneous presence of elements of slack and indications of tightness over the course of 2021. It presents available data on labour market mismatch and discusses possible dynamics going ...
Environmental assessments are a crucial aspect of green budgeting as they help to understand the impact and effectiveness of government policies in reaching the climate and environmental objectives. They are also useful to better grasp the link between inputs and outputs within the budgetary pro...
Climate-related disasters have affected most EU Member States, even if unevenly, due to their different geographic situation and GDP levels. Consensus is emerging that disaster risk financing strategies can be a useful tool to manage and limit the fiscal cost of disasters. This is all the more r...
In this paper we provide estimates of financial constraints in all EU sectors. Our empirical strategy consists in using the Orbis firm-level dataset to construct financial constraint measures for each of the firms in our sample, and then aggregate the results either by NACE code, or by business ...
House prices have been at the centre of the public debate recently. After years of sustained increases they accelerated further during the pandemic. The global financial crisis highlighted the impact that housing markets can have on financial stability and the real economy. However, housing mark...
This paper reveals new facts about inflation expectations in the euro area. By employing local projection and least squares techniques, the following five facts are documented. First, individual inflation expectations overreact to individual news. Second, the cross-section average of individual ...
We study interest rates transmission to savings at low and negative rates. Exploiting cohorts of consumers from a data-rich multi-country survey, we show how the strength of interest rate transmission to savings varies with the level of nominal interest rates. This response is positive when inte...
This report analyses business investment in Slovenia and offers an explanation of why investment was hit more and longer after the global financial crisis relative to other European countries. Using macroeconomic data for all EU countries, Norway and Switzerland we find that Slovenian corporate ...