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Low-carbon allocation in monetary policy implementation
This paper analyses how the European Central Bank (ECB) can incorporate climate change considerations in its monetary policy implementation. It reviews the impact of climate shocks on inflation and the instruments to decarbonise the ECB’s asset and collateral portfolio. The paper concludes with recommendations for the ECB to increase the low-carbon allocation in its monetary policy framework. This will in turn speed up the green transition and decrease the euro area’s fossil fuel dependency. This ...
The effects of high inflation and monetary tightening on the real economy -Compilation of papers
High inflation negatively affects firms and households in a variety of ways, including by eroding real incomes and by widening inequality. Central banks responded by tightening monetary policy stances significantly. This has naturally constrained demand through rising borrowing costs and smaller credit flows to the real economy. The negative impact on economic activity and growth is a standard feature of tightening, yet it deserve to be closely monitored. Four papers were prepared by the ECON Committee ...
Two sides of the same sparkly coin?
Restrictive monetary policy dampens inflation effectively, but it also raises stress in financial markets. This happens through revaluations of financial assets on banks’ balance sheets and through dampened economic activity. Moreover, apart from the positive effect of exiting negative interest rates, banks’ net interest margin is generally negatively affected by interest rate hikes. With most of the disinflationary impact of higher interest rates yet to materialise, monetary policy should allow ...
Unshell — Norme per prevenire l'uso improprio di entità di comodo a fini fiscali
Le società di comodo sono entità che non svolgono attività economiche o svolgono un'attività economica minima. Sebbene possano talvolta svolgere funzioni commerciali utili, possono anche essere utilizzate impropriamente a fini di pianificazione fiscale aggressiva o di evasione fiscale. La proposta "Unshell" della Commissione è intesa a impedire che le società di comodo dell'UE beneficino di vantaggi fiscali. Il Parlamento discuterà e voterà una relazione sull'argomento durante la tornata di gennaio ...
Overview of how major economies have responded to the Covid-19 pandemic
This study aims to assess how major economies were affected by the Covid-19 pandemic, in particular with respect to economic growth and public debt sustainability. It reviews the heterogeneity of policy measures taken, and aims to identify best practices. A special focus is placed on the euro area and its largest Member States. Principles and practices for ensuring sustained growth and sustainable public finances are discussed.
Economic and Budgetary Outlook for the European Union 2022
Offering an overview of the economic and budgetary situation in the EU and beyond, and summarising the main economic indicators in the EU and euro area and their two-year trends, this study is the sixth in an annual series of 'Outlooks' produced by the European Parliamentary Research Service (EPRS). In seven chapters, the authors of the publication explain and analyse the EU annual budget and give an overview of its headings for 2022, all within the wider budgetary context of the EU’s post-2020 Multiannual ...
Taxonomy Regulation: Approved EU Taxonomy Climate Delegated Act under Art. 10(3) and 11(3)of the Taxonomy Regulation
This briefing has been prepared to support the parliamentary scrutiny of the Delegated Act (DA) on climate change mitigation and climate change adaptation as foreseen by Regulation (EU) No 2020/852 on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation) . In accordance with the empowerments set out in Articles 10 and 11 of the Taxonomy Regulation, the Commission shall adopt a delegated act establishing screening criteria to determine the conditions under which ...
Ricerca per la commissione PECH - Isole Åland
Le Isole Åland sono una regione autonoma, demilitarizzata e di lingua svedese della Finlandia. L'arcipelago dispone di un proprio governo e di un proprio parlamento. Le Isole Åland sono una piccola società con un'economia aperta che dipende dal commercio con le regioni vicine, in particolare la Finlandia meridionale e la regione di Stoccolma. Nel 2017 le Isole Åland contavano sei impianti di acquacoltura operativi. Nel medesimo anno, il numero di lavoratori nel settore dell'acquacoltura era di 95 ...
RESEARCH FOR REGI COMMITTEE: The economic, social and territorial situation of Romania - North-West Region
This briefing was prepared to provide information for the visit to Romania’s North-West (Nord-Vest) Region (Cluj-Napoca and Turda) of 18 to 20 September 2017 by a delegation of the European Parliament’s Committee on Regional Development.
Proceedings of the Workshop on "Trade and Economic Relations with Asia"
This publication consists of the proceedings and of three studies which were presented during the workshop on trade and economic relations with Asia: - Asia as a new global engine: foreign trade and regional cooperation ; - EU external trade strategy vis-à-vis Asia ; - Implementation of the EU-Republic of Korea FTA.