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Geoeconomics and the Green Transition 
 SEASON'S GREETINGS

  • Editorial: Season’s Greetings from EconPol Europe 
 POLICY REPORTS        

  • Rethinking Geoeconomics: Trade Policy Scenarios for Europe's Economy 
 EVENTS / VIDEOS          

  • EconPol Annual Conference 2023: Geoeconomics – New Challenges for Europe  
 ECONPOL FORUM        

  • How to Make the Green Transition Happen? 

  • Apprenticeship Skills Pay Off on the Labor Market 

  • Russia’s “Impressionable Years” and Putin’s Inheritance 

  • Emergency Calls Reveal the Importance of Arrests in Reducing Repeat Domestic Violence 
 SEASONS'S GREETINGS FROM ECONPOL EUROPE      

 

Dear Sir, dear Madam, 

What a year this has been. Europe and its global partners must still deal with huge economic and geopolitical challenges, coupled with the global climate crises and sustainability concerns. In the face of these rapidly evolving challenges, EconPol Europe‘s mission is to contribute to an evidence-based, effective economic policy. 

In our bi-monthly journal EconPol Forum, high-level experts discussed some of the most pressing economic issues of this year: How do sanctions work? How to reconstruct Ukraine? What should be the future design of the European Single Market? Why and how should we reform EU’s economic governance? How to make the green transition happen, and what is the role of green finance in greening the economy? 

In our Policy Reports and Policy Briefs our experts evaluated, among other topics, the impact of trade policy scenarios for Europe’s economy, implications of debt-financed spending for public investment, the role of income support systems in times of crisis, as well as implications of Russia’s invasion of Ukraine on defense spending in Europe. In addition, our EconPol Expert Opinions provided informed perspectives and comments from CESifo President Clemens Fuest and other experts on current economic policy issues. 

Meanwhile, we had several inspiring EconPol Events and policy workshops in 2023. We started our season with a great policy panel in Munich: Bill Gates, Jutta Urpilainen, and Clemens Fuest were debating the future of the partnership between Europe and Africa. In our flagship event the EconPol Europe Annual Conference 2023 in Brussels, a top lineup of EU officials, business experts, and cutting-edge researchers discussed new challenges arising from geoeconomics for Europe’s future trade and energy policy. 

We extend our warmest thanks to all of you for following EconPol Europe. We sincerely hope you will continue to be an active reader of our evidence-based policy pieces and benefit from all that EconPol offers. We wish you and your loved ones a peaceful holiday season and look forward to a positive year ahead for all. 

Warmest regards, 
Florian Dorn 
Director EconPol Europe 
 POLICY REPORTS           

Rethinking Geoeconomics:
Trade Policy Scenarios for Europe's Economy

 

Recent events and rising geopolitical tensions have raised concerns about the external dependence and vulnerability of Europe’s economy. A division of the global economy into geopolitical blocs would hit the European economy hard. Based on a state-of-the-art trade model this Policy Report simulates the economic impact of several policy-driven de-globalization scenarios for Europe, for individual EU member states, different economic sectors, as well as for other economies around the world. 
 EVENTS / VIDEOS           

EconPol Europe Annual Conference 2023:
Geoeconomics – New Challenges for Europe
EconPol Europe Annual Conference 2023: Geoeconomics – New Challenges for Europe

 

Recent shocks and new geopolitical challenges have forced Europe out of its cocooned naïveté and into a major rethink of its economic model and its political assumptions. The 2023 Annual EconPol Europe Conference in Brussels addressed several geoeconomic challenges lying ahead: How can Europe’s economy remain competitive? How can energy security be balanced with decarbonisation? How to deal with China, which is a geopolitical rival, a competitor for resources and a partner in business? How to improve economic resilience, avoid dangerous dependencies, and safeguard competitiveness, technological leadership, and rules-based trade? 

A top lineup of EU officials, business experts and cutting-edge researchers addressed the strategic questions arising from new geoeconomic challenges, the lessons learned from recent and ongoing crises and examined the implications for the future of trade and energy policy in Europe. The keynote speech was delivered by Denis Redonnet, Deputy Director-General for Trade and Chief Trade Enforcement Officer in the European Commission.

All videos of our 2023 annual conference are now online on our website.
ECONPOL FORUM           


Policy Debate of the Hour

How to Make the Green Transition Happen?

This Policy Debate of the Hour discusses climate policy instruments and offers some concrete policy suggestions on how to make the green transition happen. In particular, the questions of whether the green transition is market-friendly and stimulates economic growth, how the costs of the green transition can be made politically and socially acceptable, and whether the green transition promotes global cooperation are explored in depth.
All videos of our 2023 annual conference are now online on our website.

Economic Policy and its Impact

Apprenticeship Skills Pay Off on the Labor Market
Economic Policy and its Impact
Workers’ skills are essential to their success on the labor market. However, the empirical evidence on the economic impact of higher skills is still limited due to how skills are measured. This article develops novel measures of workers’ skills that are comprehensive, highly detailed, and directly relevant to the labor market. To this end, they leverage the characteristics of the German apprenticeship system, which offers three main advantages for measuring skills and analyzing their labor market potential. 

Institutions Across the World

Russia’s “Impressionable Years” and Putin’s Inheritance
Institutions Across the World
Three decades ago, a new era appeared to have dawned in Europe: The Cold War had wound down, and the Soviet Union’s empire had broken apart. This article uses geographic markers in the most recent wave of the Integrated Values Survey to show that, within Russia, the drop in a region’s electoral support for Boris Yeltsin between the presidential elections of 1991 and 1996 strongly predicts its degree of illiberalism in 2017.

Big Data-Based Economic Insights

Emergency Calls Reveal the Importance of Arrests in Reducing Repeat Domestic Violence
Big Data-Based Economic Insights
Domestic violence is a serious human rights violation affecting roughly one-third of women worldwide. In addition to the severe humanitarian consequences, there is also a significant economic impact not only for the individual, but also for society and the economy as a whole. This article offers evidence supporting the role of arrests in disrupting the repetitive pattern of domestic violence. They propose that an effective police response involves lowering the threshold for arrests and taking resolute measures against perpetrators.
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EconPol Europe is CESifo’s economic policy platform. With key support from the ifo Institute, it seeks to leverage CESifo’s globe-spanning network of more than 2 000 high-ranked economists – at least a dozen of whom have won the Nobel Prize – and ifo’s decades-deep research expertise to provide well-founded advice to European policymakers and to facilitate informed decisions. Drawing on the wide range of specializations of its members, EconPol’s mission is to contribute to the crafting of evidence-based, effective economic policy in the face of the rapidly evolving challenges faced by the European economies and their global partners.
© EconPol Europe – CESifo GmbH 2023.


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Published: CESifo GmbH
Email: newsletter@econpol.eu
Editor: Eberhard Beck
Director EconPol: Dr. Florian Dorn


The reprint of excerpts from this newsletter is permitted only with written permission and provided that the source is acknowledged.

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