Documents Mortensen, Jorgen 10 results

"This paper first takes a step backwards with an attempt to situate the recent adoption of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union in the context of discussions on the Stability and Growth Pact (SGP) and the ‘Maastricht criteria', as fixed in the Maastricht Treaty for membership in the Economic and Monetary Union (EMU) in a longer perspective of the sharing of competences for macroeconomic policy-making within the EU. It then presents the main features of the new so-called ‘Fiscal Compact' and its relationship to the SGP and draws some conclusions as regards the importance and relevance of this new step in the process of economic policy coordination. It concludes that the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union does not seem to offer a definitive solution to the problem of finding the appropriate budgetary-monetary policy mix in EMU, which was already well identified in the Delors report in 1989 and regularly emphasised ever since and is now seriously aggravated due to the crisis in the eurozone. Furthermore, implementation of this Treaty may under certain circumstances contribute to an increase in the uncertainties as regards the distribution of the competences between the European Parliament and national parliaments and between the former and the Commission and the Council."

"The findings of this comprehensive study undertaken by CEPS for the Directorate-General for Employment, Social Affairs and Equal Opportunities are intended to contribute to the identification of reforms and policy measures that are potentially the most significant for Europe to ensure growth and jobs in the medium term.

The assessment of employment prospects during the period up to 2020 will now have to take account of the effects on the labour force of the 2008/2009 downturn. Consequently, employment policy will, over the medium term, face the particularly difficult challenge of reconciling the longer-term objectives with immediate concerns about the exit from and the aftermath of the crisis. Member States will also have to encourage the development of new activities associated with adaptation to climate change, while expanding services and products for older citizens."

"A sick population is an expensive population. But a new European report shows the benefits of improved public health are likely to extend beyond reduced healthcare costs.
Five years ago, the Commission on Macroeconomics and Health concluded that ill health was contributing to the low level of economic growth in poor countries. The landmark report showed that investment in some basic health interventions would lead to substantial economic growth. However, the commission did not look at rich countries, where the situation is quite different. Production in poor countries -for example, from agriculture and mining- is much more obviously affected by physical wellbeing. In addition, the measures to improve health in poor countries, such as immunisation and access to essential drugs, are less complex than those needed to manage the large burden of non-communicable disease in rich countries. Understanding the role of health as a driver of economic growth in Europe is important, given the stated commitment of Europe's governments in March 2000 to make Europe the most competitive and dynamic knowledge driven economy by 2010.
In this article we summarise the findings of a study that we did for the European Commission examining the link between health and wealth in rich countries."

"The findings of this comprehensive study undertaken by CEPS for the Directorate-General for Employment, Social Affairs and Equal Opportunities are intended to contribute to the identification of reforms and policy measures that are potentially the most significant for Europe to ensure growth and jobs in the medium term.

The assessment of employment prospects during the period up to 2020 will now have to take account of the effects on the labour force of the 2008/2009 downturn. Consequently, employment policy will, over the medium term, face the particularly difficult challenge of reconciling the longer-term objectives with immediate concerns about the exit from and the aftermath of the crisis. Member States will also have to encourage the development of new activities associated with adaptation to climate change, while expanding services and products for older citizens."