This Work Package is aimed at investigating how economic research addresses the following crucial policy issues on the European political agenda:
- Economics of research, education and innovation in a European and global context, including economics of smart specialisation.
- Knowledge-based growth and employment; prioritisation of policies, in particular, the need for short-term consolidation and long-term growth policies like fiscal consolidation and smart, sustainable growth.
- The link between monetary and fiscal policy, and between fiscal and private debts; efficient use of unconventional monetary policies; insolvency problems and the management of rescue funds.
- Cross-border spillovers, interdependencies and coordination of policies across borders;
- Institutional and structural reforms in the Member States and associated countries concerning issues like ageing, health systems, energy and resources efficiency, transport or environment in the context of Europe 2020 and their budgetary and macroeconomic consequences.
- Supporting the role of EU strategies and policies like Europe 2020, European Semester, the European Research Area, The Innovation Union, the Internal Market, the Employment Strategy and Cohesion policy among others”.
In order to do so, it will produce a series of surveys on the different policy issues, according to the structure depicted in the following chart.
The general template of surveys should cover the following items:
- Relevance and relevance for Europe
- How do economists look at this issue.
- Where the research on the topic is perform and by who.
- What we know (the frontiers and the hot issues), what we don’t know, what the disagreement.
- What are the open questions.
- Where does Europe stands.
- What are the specific problems for European researchers (access to data, funding, dissemination, etc).
- Data method (access, type, available or not).