EconPol Forum

EconPol Forum (formerly CESifo Forum) is a bi-monthly English-language journal to bring economic analysis on topics of worldwide interest along with policy advice to a broad range of policymakers and the public.

In September 2022 the CESifo Forum was restructured into four sections under the new EconPol brand. The first, Policy Debate of the Hour, recognizes the constantly evolving nature of policy challenges, focusing on the most pressing issues of the times. Leading researchers are invited to share their insights and policy conclusions. The Economic Policy and its Impact section assesses economic policies and develops robust evidence for their optimal design and implementation. In the Institutions Across the World section, contributors focus on the key role that institutional design plays in shaping socio-economic outcomes, often by comparing institutions across economic and political systems. Finally, Big Data-Based Economic Insights presents articles that glean economic policy advice from the exploitation of large, complex datasets.

How to Ensure Defense Capabilities for Europe? Economic and Fiscal Consequences

Roel Beetsma, Marco Buti and Francesco Nicoli, Lucas Hellemeier and Kaija Schilde, Niklas Helwig and Tuomas Iso-Markku, Nicholas Marsh, Bruno Oliveira Martins and Jocelyn Mawdsley, Mikkel Vedby Rasmussen, Lucie Béraud-Sudreau

Russia’s invasion of Ukraine has raised the question of whether the issue of external border security and defense needs to be more closely integrated within the European Union. Many proposals are under discussion aimed at assigning the EU with tasks that are currently performed at national level. Most EU members have increased their defense spending in the past year or plan to do so soon. However, whether an EU defense union is politically achievable remains controversial. It entails additional costs and ‒ even more importantly ‒ the member states would have to give up some of their sovereignty. The project is linked to the plan to build a robust and efficient defense industry. This is because European arms production has so far suffered from national fragmentation and chronic underfunding.

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How Well-Intentioned Measures Have Unintended Consequences for Election Turnout

BIG-DATA-BASED ECONOMIC INSIGHTS

Jean-Victor Alipour and Valentin Lindlacher

Well-intentioned measures such as polling place reassignments can have unintend-ed consequences, such as a shift from in-person to postal voting and a temporary decline in overall voter turnout. The drop in turnout is due to inattentive voters missing the deadline to apply for an absentee ballot.

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EU Policy Priorities: How to Ensure Europeʼs Competitiveness and Future Prosperity?

David Pinkus, Jean Pisani-Ferry, Simone Tagliapietra, Reinhilde Veugelers, Georg Zachmann and Jeromin Zettelmeyer, Frédéric Gonand, Pedro Linares, Andreas Löschel, David Newbery, Karen Pittel, Julio Saavedra and Georg Zachmann, Giuseppe Bertola, Georg Duernecker, Fredrik Erixon, Oscar Guinea and Oscar du Roy, Maria Savona, Iain Begg and Daniel Cicak, Roel Beetsma and Marco Buti

Europe ‒ once a leader in industrial development and innovation ‒ has lost its competitiveness. Which place will it take in a new world order? Climate protection and the digital transformation will also influence the next era of prosperity. The EU and its member states now want to build a robust, secure, resilient, and sustainable economy. Meanwhile, the US, China, and some emerging economies have overtaken the EU in many international rankings.

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Patience and the North-South Divide in Student Achievement in Italy and the United States

BIG-DATA-BASED ECONOMIC INSIGHTS

Eric A. Hanushek, Lavinia Kinne, Pietro Sancassani and Ludger Woessmann

This article shows how Facebook interests can be used to construct subnational measures of patience (“the relative valuation of present versus future payoffs”). Differences in patience are closely related to regional student performance in Italy and the United States. The results provide new perspectives on long-standing differences between the countries.

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