ThinkTank logo Les documents qui contribuent à déterminer la nouvelle législation de l'Union
Publié le 05-12-2019

Climate change [What Think Tanks are thinking]

05-12-2019

Government officials from across the world are currently engaged in the 2019 United Nations Climate Change Conference, also known as COP25, focussing on how to implement the 2015 Paris Agreement on reducing greenhouse gas emissions. The conference, which runs from 2 to 13 December 2019, was moved at short notice to Madrid in Spain, to avoid the social unrest in Chile. Meanwhile, the new President of the European Commission, Ursula von der Leyen, is preparing a set of new climate and environmental ...

Government officials from across the world are currently engaged in the 2019 United Nations Climate Change Conference, also known as COP25, focussing on how to implement the 2015 Paris Agreement on reducing greenhouse gas emissions. The conference, which runs from 2 to 13 December 2019, was moved at short notice to Madrid in Spain, to avoid the social unrest in Chile. Meanwhile, the new President of the European Commission, Ursula von der Leyen, is preparing a set of new climate and environmental initiatives, as part of the European Green Deal. This note brings together commentaries, analyses and studies by major international think tanks and research institutes on climate talks and wider issues relating to climate change.

The Urgent Need for a Review of the ECB's Monetary Policy Strategy: Towards an Institutional Review

15-11-2019

It has been sixteen years since the European Central Bank has undertaken a review of its monetary policy. In the intervening time, the world – and the economic challenges facing the ECB – have changed immensely. This paper argues that a review is overdue but that it should not be limited to policies; instead, an institutional review is needed. This would consist of a backward-looking assessment of outcomes versus mandates, coupled with a forward-looking scenario planning exercise. This document was ...

It has been sixteen years since the European Central Bank has undertaken a review of its monetary policy. In the intervening time, the world – and the economic challenges facing the ECB – have changed immensely. This paper argues that a review is overdue but that it should not be limited to policies; instead, an institutional review is needed. This would consist of a backward-looking assessment of outcomes versus mandates, coupled with a forward-looking scenario planning exercise. This document was provided by Policy Department A for the European Parliament's Committee on Economic and Monetary Affairs.

Auteur externe

Christopher A. HARTWELL

Priorities for Review of the ECB’s Monetary Policy Strategy

15-11-2019

Lower neutral rates of interest have eroded the policy space necessary to fight recessions. Against this backdrop, several central banks are re-assessing how their strategy and tools can be refined to best achieve their goals. The ECB should be no exception. Its strategy review should focus on redefining the inflation objective and on developing contingency plans for using its statutory authority creatively to achieve its mandate. This document was provided by Policy Department A for the European ...

Lower neutral rates of interest have eroded the policy space necessary to fight recessions. Against this backdrop, several central banks are re-assessing how their strategy and tools can be refined to best achieve their goals. The ECB should be no exception. Its strategy review should focus on redefining the inflation objective and on developing contingency plans for using its statutory authority creatively to achieve its mandate. This document was provided by Policy Department A for the European Parliament's Committee on Economic and Monetary Affairs.

Auteur externe

Jérémie COHEN-SETTON, Christopher G. COLLINS, Joseph E. GAGNON

Recommendations for the ECB’s Monetary Policy Strategy Review

15-11-2019

A review into monetary policy strategy, tools, and communications is underway at the Federal Reserve. The ECB’s new President has signalled support for a review of this sort for the Eurosystem. This paper considers five areas where a review of ECB monetary policy strategy could focus and makes recommendations in relation to each area. The five areas are price stability, the monetary pillar, liquidity provision, balance sheet risk and communications. Most importantly, it is recommended that the ECB ...

A review into monetary policy strategy, tools, and communications is underway at the Federal Reserve. The ECB’s new President has signalled support for a review of this sort for the Eurosystem. This paper considers five areas where a review of ECB monetary policy strategy could focus and makes recommendations in relation to each area. The five areas are price stability, the monetary pillar, liquidity provision, balance sheet risk and communications. Most importantly, it is recommended that the ECB adopt a 2 percent average inflation rate as its definition of price stability and remove the monetary pillar from its official monetary policy strategy. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Auteur externe

Professor Karl WHELAN

Thoughts on a Review of the ECB’s Monetary Policy Strategy

15-11-2019

Time is ripe for a review of the ECB strategy: the economic context and the audience for communication have changed, and the tools for policy decisions and for analysing the environment have expanded. The definition of the inflation target, the two-pillar strategy and the use of “non-standard” policy measures need discussion. A change in the ECB mandate is also worth discussing for it would permit to evaluate the current strategy and mandate against an alternative. This document was provided by Policy ...

Time is ripe for a review of the ECB strategy: the economic context and the audience for communication have changed, and the tools for policy decisions and for analysing the environment have expanded. The definition of the inflation target, the two-pillar strategy and the use of “non-standard” policy measures need discussion. A change in the ECB mandate is also worth discussing for it would permit to evaluate the current strategy and mandate against an alternative. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Auteur externe

Christophe BLOT, Jérôme CREEL and Paul HUBERT

The Two-pillar Strategy of the ECB: Ready for a Review

15-11-2019

Inflation has remained below the ECB’s own target of ‘below, but close to 2%’ for a long time despite massive doses of unconventional policies, suggesting that the present ‘two pillar’ strategy does not work. A review of the strategy will be useful only if it is entrusted to independent experts. Otherwise, it is likely to result in the finding that only marginal changes to the existing strategy are needed and that larger doses of the present policy will be sufficient to achieve the inflation target ...

Inflation has remained below the ECB’s own target of ‘below, but close to 2%’ for a long time despite massive doses of unconventional policies, suggesting that the present ‘two pillar’ strategy does not work. A review of the strategy will be useful only if it is entrusted to independent experts. Otherwise, it is likely to result in the finding that only marginal changes to the existing strategy are needed and that larger doses of the present policy will be sufficient to achieve the inflation target. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs (ECON) Committee.

Auteur externe

Daniel GROS, Angela CAPOLONGO

Culture politique et dynamiques du Parlement européen, 1979-1989

05-12-2019

L'élection en 1979 du Parlement européen au suffrage universel direct est un événement démocratique ; elle a en effet profondément modifié le caractère, la composition, les modes de fonctionnement et l'influence politique de l'Assemblée dans le jeu institutionnel de la Communauté européenne. Cette évolution se marque dans des domaines aussi variés que l’organisation du travail parlementaire, le fonctionnement des commissions parlementaires et des intergroupes, l’augmentation des pouvoirs budgétaires ...

L'élection en 1979 du Parlement européen au suffrage universel direct est un événement démocratique ; elle a en effet profondément modifié le caractère, la composition, les modes de fonctionnement et l'influence politique de l'Assemblée dans le jeu institutionnel de la Communauté européenne. Cette évolution se marque dans des domaines aussi variés que l’organisation du travail parlementaire, le fonctionnement des commissions parlementaires et des intergroupes, l’augmentation des pouvoirs budgétaires, le profil socioprofessionnel des députés européens, le rôle des groupes politiques, les relations entre les députés et l’administration parlementaire, l’évolution des organigrammes internes du Secrétariat général, les relations avec les groupes de pression, la politique de communication, les activités de l’Assemblée relatives aux valeurs de la Communauté européenne ou encore les relations interinstitutionnelles.

Auteur externe

Schirmann, Sylvain; Wassenberg, Birte

Publié le 04-12-2019

The European Council under the Lisbon Treaty: How has the institution evolved since 2009?

04-12-2019

On 1 December 2009, with the coming into force of the Treaty of Lisbon, the European Council became a formal EU institution. Ten years later, the European Council is seen by many as representing the centre of gravity of the EU's institutional framework. However, was this development purely the result of the changes to the Treaties made with Lisbon or did it happen naturally over time? This study analyses both the formal changes brought about by the Lisbon Treaty and the incremental evolution resulting ...

On 1 December 2009, with the coming into force of the Treaty of Lisbon, the European Council became a formal EU institution. Ten years later, the European Council is seen by many as representing the centre of gravity of the EU's institutional framework. However, was this development purely the result of the changes to the Treaties made with Lisbon or did it happen naturally over time? This study analyses both the formal changes brought about by the Lisbon Treaty and the incremental evolution resulting from the institution's day-to-day practice, including the European Council's behaviour during the various crises of the last decade. It outlines the responsibilities envisaged for the European Council in the Treaty and the informal roles it has taken on over time. It explores the extent to which the Lisbon Treaty changed the functioning of the European Council, and how EU leaders themselves tried to optimise the working methods of their institution. Special attention is to the new position of full-time European Council President and the way in which the first two incumbents have interpreted their office. The analysis concludes that, while the EU’s various crises strongly contributed to the rise of the European Council, the Lisbon Treaty united two previously separate dimensions – the political and the legal, formally adding new competences to the role already performed by the EU Heads of State or Government. Many of these competences have yet to be fully exploited and represent a rich seam of unused Treaty potential for the future.

Publié le 03-12-2019

China: Economic indicators and trade with EU

03-12-2019

China's economy is slowing from past two-digit growth rates to a 'new normal' growth rate of 'only' 6.5% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has the huge trade imbalance in goods trade between China and the EU narrowed ...

China's economy is slowing from past two-digit growth rates to a 'new normal' growth rate of 'only' 6.5% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has the huge trade imbalance in goods trade between China and the EU narrowed in recent years? How intensive is trade in services between the EU and China? What are the EU's main export items to China? How does China's export basket look like? You can find the answers to these and other questions in our EPRS publication on China produced in collaboration with the European University Institute's GlobalStat on the world's main economies. This is an updated edition of an ‘At a Glance’ note published in October 2018.

Preparing the Conference on the Future of Europe

03-12-2019

After the many debates and declarations of principles on the future of Europe of recent years, the time for a more structured reflection on the future of Europe's development has arrived. The new President of the European Commission, Ursula von der Leyen has pledged to establish a Conference on the Future of Europe, in an effort to give new impulse to European construction and bring Europe closer to citizens. At this stage, details of this initiative are still up for discussion. For Dubravka Šuica ...

After the many debates and declarations of principles on the future of Europe of recent years, the time for a more structured reflection on the future of Europe's development has arrived. The new President of the European Commission, Ursula von der Leyen has pledged to establish a Conference on the Future of Europe, in an effort to give new impulse to European construction and bring Europe closer to citizens. At this stage, details of this initiative are still up for discussion. For Dubravka Šuica, the Commissioner who will take charge of the process, the inclusion of all citizens' voices will be an essential characteristic of the Conference. However, how to ensure that European citizens are properly represented remains to be clarified. Preparation of the Conference, in von der Leyen's approach, will follow three steps: first, the elaboration of the concept, structure, timing and scope with Parliament and Council; then, design of a means to ensure that citizens participate as much as possible, including by fostering online participation for younger people; and last, making sure that appropriate follow-up is provided to the actions agreed by the Conference. The Parliament has created a working group to contribute to the design of the Conference, in particular in respect of its structure, with a view to a vote in plenary. Parliament's Committee on Constitutional Affairs (AFCO) has also launched discussions, confirming the eagerness of Parliament and its political bodies to play an active part from the beginning of this process. The Conference on the Future of Europe should be an excellent opportunity to engage in more structured debate, with the intention to find concrete proposals to improve the way in which the EU works not only in terms of institutional dynamics, but also of its policies. Some have however cautioned that the initiative needs to be carried out with the utmost care, in particular on the follow-up to be given to its outcomes, so that it can remain a meaningful endeavour.

Evénements à venir

10-12-2019
EU institutional dynamics: Ten years after the Lisbon Treaty
Autre événement -
EPRS
11-12-2019
Take-aways from 2019 and outlook for 2020: What Think Tanks are Thinking
Autre événement -
EPRS

Infographies

Restez connectés

email update imageSystème d'alertes email

Le système d'alertes email, qui envoie directement les dernières informations à votre adresse électronique, vous permet de suivre toutes les personnes et tous les événements liés au Parlement. Ceci inclut les dernières nouvelles des députés, les services d'information ou le Think Tank.

Le système est accessible partout sur le site du Parlement. Pour vous abonner et recevoir les notifications du Think Tank, il suffit de communiquer votre adresse email, de sélectionner le thème qui vous intéresse, d'indiquer la fréquence (quotidienne, hebdomadaire ou mensuelle) et de confirmer votre enregistrement en cliquant sur le lien envoyé par email.

RSS imageFlux RSS

Ne manquez aucune information ou mise à jour du site du Parlement européen grâce à notre flux RSS.

Veuillez cliquer sur le lien ci-dessous afin de configurer votre flux.

Publications du Think Tank

Le contenu de tous les documents disponibles sur le site internet du Think Tank engage la seule responsabilité de l'auteur et les avis qui y sont exprimés ne reflètent pas nécessairement la position officielle du Parlement européen. Il est destiné aux députés et au personnel du Parlement européen dans le cadre de leurs activités parlementaires.

Le Think Tank est sur...