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Publication . Article . Preprint . 2021

Towards a more resilient European Union after the COVID-19 crisis

Amélie Barbier-Gauchard; Meixing Dai; Claire Mainguy; Jamel Saadaoui; Moïse Sidiropoulos; Isabelle Terraz; Jamel Trabelsi;
Open Access
English
Published: 26 Feb 2021
Publisher: HAL CCSD
Country: France
Abstract
The pandemic crisis constitutes an unprecedented challenge for the European Union and for the Euro Area. Indeed, European institutional architecture can be viewed as being half-way between an association of sovereign states (like the United Nations, for example) and a politically integrated federation (like the United States for example). In this original construction, competences on several matters (such as economic, political, social and health issues, etc.) are shared at the European level, but also at the national and local levels in more complex ways than in fully integrated federations. To improve the resilience of the European Union to violent external shocks, the main objective of this paper is to determine to what extent these competences have to be transferred to the federal level. In this respect, we will consider whether a federal leap is necessary in several areas namely (i) monetary and fiscal policy (rules), (ii) labor markets policy and social models, migratory flows and skill shortages, and cooperation policy and (iii) renewed industrial policy and exchange rates. Despite a highly uncertain context, we outline some perspectives for the future of the European Union.
Subjects by Vocabulary

Microsoft Academic Graph classification: Resilience (organizational) Fiscal policy European union media_common.cataloged_instance media_common Coronavirus disease 2019 (COVID-19) Politics Industrial policy Economics Context (language use) Economic policy Sovereign state

Subjects

European union, Pandemic crisis, Economic policy, Resilience, JEL: F - International Economics/F.F3 - International Finance/F.F3.F33 - International Monetary Arrangements and Institutions, JEL: E - Macroeconomics and Monetary Economics/E.E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit/E.E5.E52 - Monetary Policy, JEL: F - International Economics/F.F6 - Economic Impacts of Globalization/F.F6.F62 - Macroeconomic Impacts, JEL: F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F22 - International Migration, JEL: J - Labor and Demographic Economics/J.J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers/J.J6.J61 - Geographic Labor Mobility • Immigrant Workers, JEL: L - Industrial Organization/L.L5 - Regulation and Industrial Policy/L.L5.L52 - Industrial Policy • Sectoral Planning Methods, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL: E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook/E.E6.E62 - Fiscal Policy, Original Paper, F33, E52, E62, F22, J61, L52, Sciences de l'Homme et Société/Economies et finances, COVID 19

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