Geoeconomics – New Challenges for Europe 
 EVENTS                          

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

  • Pillars Conference: Skill Shift: Future-Proofing the Workforce 
 POLICY BRIEFS           

  • Green Skills in German Manufacturing 
 EXPERT OPINIONS   

  • Can Economic Growth and Ecological Sustainability Coexist? 
 ECONPOL FORUM    

  • Thirty Years of the European Single Market 

  • The Role of Fiscal Policy Measures in Mitigating the Effects of the Covid-19 Crisis 

  • Emigration and Elections: The Role of Emigrants' Missing Votes 

  • Improved Market Power Mitigation in Electricity Markets 
 EVENTS                         

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

30 November 2023 | Representation of the Free State of Bavaria to the EU

 

The covid pandemic, the Russian invasion of Ukraine, the looming climate crisis, the onslaught of transformational technologies, the rival-competitor-partner relationship with China, and the upholding of rules-based trade all make the geographic component of economics a key consideration for decision-making. Welcome to Geoeconomics! 
 
The new geoeconomics pose thorny questions:  How can energy security be balanced with accelerated decarbonisation? How can Europe secure the supply of resources and inputs for its industry and green and digital transformation? How to improve economic resilience, avoid dangerous dependencies and safeguard competitiveness and technological leadership?  
 
The 2023 EconPol Annual Conference will delve into these questions, drawing lessons from the responses to the recent and ongoing crises, and examining the implications for the EU in detail with a lineup of top-level EU officials, experts, and cutting-edge researchers, as a contribution towards fact-based, informed EU policymaking.   
 
The conference will take place on November 30, 2023 (starting at 10 a.m.) in Brussels. The keynote speech will be delivered by Sabine Weyand, Director-General for Trade in the European Commission. 

Pillars Conference: Future-Proofing the Workforce 

14 November 2023 | Representation of the Free State of Bavaria to the EU

 

In its agreement with film and television companies, the Writers Guild of America included not only pay increases, but also protections around artificial intelligence. Screenwriters are not the only ones fretting about their jobs as AI takes the world by storm. So, how to future-proof the workforce, in the face of such technological disruption? This is the key issue the Pillars closing conference will delve into in Brussels on 14 November 2023. The conference is part of the EU Horizon 2020 Pillars – Pathways to Inclusive Labor Markets project and supported by EconPol Europe, CESifo's economic policy platform.    
 POLICY BRIEFS           

Green Skills in German Manufacturing

 

Germany is a strong industrial nation with manufacturing contributing significantly to its economy. The country faces challenges including decarbonization, digitalization, and increased competition, especially in the automotive sector. New data from LinkedIn shows that in the German automotive industry, 6.2 percent of the employees have skills in e-mobility. In the Italian automotive industry, the figure is 4.6 percent; in the United States, 3.7 percent; in France, 3.3 percent; and in Spain, 2.4 percent. 
 ECONPOL OPINIONS   

Can Economic Growth and Ecological Sustainability Coexist?

 

Is long-term economic growth compatible with ecologically sustainable development? Over the past decades, economic growth has brought prosperity to billions and reduced global poverty. However, this positive trajectory has come at a high cost to the environment and the depletion of natural resources. The limitations of economic growth at the expense of the environment are evident. In this Expert Opinion, Clemens Fuest argues that sustainable economic prosperity can only be achieved in the long run if it is coupled with ecological sustainability. 
ECONPOL FORUM     


Policy Debate of the Hour

Thirty Years of the European Single Market – Achievements and Future Challenges

Economic Policy and its Impact

The Role of Fiscal Policy Measures in Mitigating the Effects of the Covid-19 Crisis in Germany 
The Covid-19 pandemic hit many economies hard in 2020. While the macroeconomic impact of the Covid-19 pandemic is well documented, evidence on the distributional impact on household income at the micro level is more limited. This article shows that German households experienced a loss of over 3 percent of market income in 2020 due to Covid-19. However, the tax and transfer system has effectively buffered the negative impact of the Corona crisis. Fiscal policy measures mitigated 85 percent of the income losses in Germany.  

Institutions Across the World

Emigration and Elections: The Role of Emigrants' Missing Votes
Emigration from Poland can have a strong impact on elections. According to a new study, published in the EconPol Forum, higher emigration causes a significant increase in right-wing votes: a 1 percent increase in the number of emigrants increases the share of right-wing votes by 0.25 percent. The opposite is true for the left-wing parties: a 1 percent increase in the number of emigrants causes a 0.57 percent decline in left-wing parties’ share of the vote. 

Big Data-Based Economic Insights

It’s in the Data – Improved Market Power Mitigation in Electricity Markets
In electricity markets, market power is typically measured by the difference between observed offers and the underlying variable cost of power production. Therefore, variable cost estimates should be as accurate as possible. However, cost components and power plant characteristics are private information and firms have an incentive to overstate costs. This article tests the accuracy of this best-practice benchmark approach against multiple suggested alternative methods. The results of our empirical analysis reveal a low estimation accuracy of the currently applied benchmark approach. 
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