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Action Policy Digest November 2021

Autore : Action Institute

Data: 08-11-2021

Tipo: Other

Tematica: Action Institute

Hello, Action Policy Digest readers!
Organized as a monthly newsletter, it presents an overview of the current international policy debate. You find below a selection of the best ideas from the most influential think tanks, structured in four areas: (i) Finance, (ii) Innovation and Development, (iii) European Affairs and (iv) Social Policy.

 

 FINANCE 

 

 Is the risk of stagflation real?“. Most economic forecasts predict a return, in the medium-term, to pre-pandemic growth and inflation. Nevertheless, the European Central Bank and fiscal authorities need to be vigilant for signs of the contrary.

 A policy triangle for Big Techs in finance“. Big Techs’ expansion into financial services can bring competition, efficiency, and inclusion, particularly in emerging market and developing economics. This column presents a policy triangle that highlights the trade-offs between three objectives: financial stability, competition, and data privacy.

 The risks of US-EU divergence on corporate sustainability disclosure“. Sustainability disclosure is in vogue, with more than 80 percent of major global companies reporting on some aspects of their social and environmental impacts. This is partly driven by growing calls for transparency by civil society organizations and environmental, social, and governance (ESG) investors, who are demanding detailed and verified corporate sustainability information.

 A transatlantic divide?“. Transitory inflation in Europe but persistent in the US.

 

 INNOVATION AND DEVELOPMENT 

 

 Concentration of artificial intelligence and other frontier IT skills“. Online job postings indicate that demand from top tech firms for frontier IT skills is about double their demand for other IT skills. This could indicate increasing concentration of skills in a few firms, with other firms left behind.

 

 EUROPEAN AFFAIRS 

 

 The need for better fiscal rules in Europe“. European policymakers are considering whether to reinstate the existing fiscal rules with only the most necessary adjustments, or to put in place a better framework. This column proposes reform anchored in the most important economic criteria for public sector debt sustainability.

 Can EU fiscal rules jump on the green bandwagon?“. By and large, setting a new green golden rule would be a useful addition to the existing EU fiscal framework.

 Fiscal rules in a post-Covid brave new world“. The European Commission published a Communication to relaunch the public debate on the review of the EU economic governance framework. A key issue to be discussed is how to ensure sustainable public finances in all Member States when the ‘general escape clause’ is eventually lifted.

 

SOCIAL POLICY

 

 The socioeconomic effects of COVID-19 on women“. The pandemic has disproportionately affected women both professionally and at home. Although the gender gap in labour force participation since the onset of the pandemic hasn’t worsened, policy still needs to tackle existing gender gaps, which for some EU countries are very substantive.

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]