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Macroeconomic environment

Quotation: Lázaro, J.M. 2013: Introduction to the economic Impact Area Macro-economic Environment. Available at: http://beta.liaise-toolbox.eu/node/1186.

Description

Economic and social progress and constant improvements in living and working conditions are fundamental objectives for the European Union. Experience over the last five decades shows clearly that economic integration (removing barriers to the free movement of goods, services, money and people) gives Europe a much better chance of creating jobs and sustainable growth.
The EU needs to remove the remaining barriers that still confine research, public purchasing and the provision of financial services within national borders. Fostering the entrepreneurial spirit, innovation and an e-Europe will make a still stronger economy that can create quality jobs and protect social welfare systems.
While the EU remains a wealthy area, its economic growth in the past decade has been weak by international standards, pointing to structural weaknesses in the EU before the crisis. In the good years preceding the crisis, several EU Member States deviated from the basic principles of prudent fiscal policy making, and macroeconomic imbalances continued to build up. Structural reforms can serve two goals: enhancing growth, and preventing or correcting imbalances. In the absence of resolute policies, potential growth is likely to remain weak.

This impact area is further specified by the taxonomy terms: Economic Growth and Employment, Investment, Economic Stability.

Relevant Policies

Encouraging more growth and more jobs is a strategic priority for both the European Union and the Member States, and is part of the Lisbon Strategy. In support of this strategic priority, the European Union implements common policies across all sectors of the EU economy while the Member States implement their own national structural reforms. Common EU policies traversing all sectors of the economy include the Common Agricultural Policy and Competition Policy, which date back to the foundation of the European Communities, as well as policies which have developed over time, such as the internal market, environmental policy and Cohesion Policy.
 
The Green Growth Strategy aims to help countries foster economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. This approach is practical, flexible and accelerates progress in sustainable development. Green growth strategies focus ensuring that natural resources can unfold their full economic potential in a sustainable way. Policies that promote green growth need to be founded on a good understanding of the different factors that affect green growth, and appropriate information is needed to monitor progress and measure results. The OECD developed a framework and indicators to support governments monitor progress towards green growth.
For further Information: http://www.oecd.org/greengrowth/
See also Indicators of Green Growth: http://www.oecd.org/greengrowth/greengrowthindicators.htm

Legal Basis for the Commission to Act

Economic and Monetary Union (EMU), as provided in Title VII of the Treaty establishing the European Community, involves close coordination of the economic policies of the Member States at European level and requires Member States to avoid excessive budget deficits (Stability and Growth Pact). EMU has led to the introduction of a single currency: the euro.

Web Resources

Activities of the European Union: Economic and Financial Affairs
DG Economic and Financial Affairs

Contact

Please link to relevant Directorate General Contact Details.

Economic Growth and Employment

Investment

Economic Stability

 

Publications and applications

Titelsort descending Type of practice Updated date
Assessment of Policy Interrelationships and Impacts on Sustainability in Europe - The APRAISE 3E method Project 2014-02-19 11:29
Biofuels Communication Application of a Model or Method 2013-09-05 09:24
European Research for Impact Assessment Tools Publication 2014-04-17 14:41
IA Report: Action Plan for Energy Efficiency: Realising the Potential Application of a Model or Method 2013-09-05 10:14
IA Report: A Roadmap for moving to a competitive low carbon economy in 2050 (2011) Application of a Model or Method 2013-07-27 00:18
IA Report: Access of third-country goods and services to the Union's internal market in public procurement and procedures supporting negotiations on access of Union goods and services to the public procurement markets of third countries (2012) Application of a Model or Method 2013-07-26 17:08
IA Report: Action Plan for Biomass Application of a Model or Method 2013-09-05 11:03
IA Report: Action Programme for Reducing Administrative Burdens in the European Union Application of a Model or Method 2013-09-03 22:00
IA Report: Communication - An EU Strategy on adaptation to climate change (2013) Application of a Model or Method 2013-07-23 19:10
IA Report: Communication on future EU transport policy Application of a Model or Method 2013-09-05 09:40
IA Report: Communication on Winning the Battle against Global Climate Change Application of a Model or Method 2013-09-05 11:40
IA Report: Criminal sanctions for insider dealing and market manipulation (2011) Application of a Model or Method 2013-07-29 16:51
IA Report: Defining the modalities for reaching the 2020 target to reduce CO2 emissions from new light commercial vehicles (2012) Application of a Model or Method 2013-07-24 21:45
IA Report: Defining the modalities for reaching the 2020 target to reduce CO2 emissions from new passenger cars (2012) Application of a Model or Method 2013-07-24 21:40
IA Report: Determining transitional Union-wide rules for the harmonised free allocation of emission allowances (2011) Application of a Model or Method 2013-07-26 19:32
IA Report: Directive on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (2013) Application of a Model or Method 2013-07-24 15:57
IA Report: Ecodesign requirements for directional lamps, light emitting diode lamps and related equipment (2012) Application of a Model or Method 2013-07-25 17:51
IA Report: Energy Efficiency Plan 2011 (2011) Application of a Model or Method 2013-07-27 13:30
IA Report: General Union Environment Action Programme to 2020 "Living well, within the limits of our planet" (2012) Application of a Model or Method 2013-07-25 18:26
IA Report: Including aviation activities in the scheme for greenhouse gas emission allowance trading within the Community Application of a Model or Method 2013-09-05 10:53
IA Report: Insider dealing and market manipulation / Market abuse (2011) Application of a Model or Method 2013-07-29 16:46
IA Report: Internal market for electricity and gas Application of a Model or Method 2013-09-03 21:53
IA Report: Laying down general rules for the granting of Community financial aid in the field of the trans-European transport and energy networks (2011) Application of a Model or Method 2013-07-27 10:44
IA Report: Markets in financial instruments (2011) Application of a Model or Method 2013-07-29 17:08
IA report: Mid-term review on the Sixth Community Environment Action Programme Application of a Model or Method 2013-09-03 22:29
IA Report: On medical devices (2012) Application of a Model or Method 2013-07-25 18:40
IA Report: On the quality of petrol and diesel fuels and on the promotion of the use of energy from renewable sources (2012) Application of a Model or Method 2013-07-25 18:14
IA Report: Opening of negotiations on a free trade agreement between the European Union and Japan (2012) Application of a Model or Method 2013-07-26 17:56
IA Report: Package of Implementation measures for the EU's objectives on climate change and renewable energy for 2020 Application of a Model or Method 2013-09-03 19:42
IA Report: Periodic roadworthiness tests for motor vehicles and their trailers (2012) Application of a Model or Method 2013-07-26 17:40
IA Report: Procurement by entities operating in the water, energy, transport and postal services sectors (2011) Application of a Model or Method 2013-07-29 16:09
IA Report: Proposal for a Council Directive on taxation of passenger cars in the EU Application of a Model or Method 2013-09-05 12:14
IA Report: Proposal for a Decision on accounting rules and action plans on greenhouse gas emissions and removals resulting from activities related to land use, land use change and forestry (2012) Application of a Model or Method 2013-07-25 17:29
IA Report: Proposal for a Directive amending Directive 1999/32/EC as regards the sulphur content of marine fuels (2011) Application of a Model or Method 2013-07-28 22:04
IA Report: Proposal for a Directive amending Directive 2003/96/EC restructuring the Community framework for the taxation of energy products and electricity Application of a Model or Method 2013-09-03 21:54
IA Report: Proposal for a Directive amending Directive 2011/92/EU on the assessment of the effects of certain public and private projects on the environment (2012) Application of a Model or Method 2013-07-25 18:31
IA Report: Proposal for a Directive establishing a framework for the recovery and resolution of credit institutions and investment firms (2012) Application of a Model or Method 2013-07-26 14:38
IA Report: Proposal for a Directive of the European Parliament and of the Council on public procurement (2011) Application of a Model or Method 2013-07-29 16:18
IA Report: Proposal for a Directive on a Common Consolidated Corporate Tax Base (CCCTB) Application of a Model or Method 2013-08-28 15:16
IA Report: Proposal for a Directive on a common system of financial transaction tax and amending Directive 2008/7/EC Application of a Model or Method 2013-08-28 15:39
IA Report: Proposal for a Directive on energy efficiency (2011) Application of a Model or Method 2013-07-27 13:16
IA Report: Proposal for a Directive on the deployment of alternative fuels infrastructure (2013) Application of a Model or Method 2013-07-24 20:59
IA Report: Proposal for a Regulation of the European Parliament and of the Council on fluorinated greenhouse gases (2012) Application of a Model or Method 2013-07-24 21:34
IA Report: Proposal for a Regulation of the European Parliament and of the Council on the implementation of the Single European Sky (2013) Application of a Model or Method 2013-07-24 17:51
IA Report: Proposal for a Regulation on a European Union Programme for Social Change and Innovation (2011) Application of a Model or Method 2013-07-27 11:18
IA Report: Proposal for a Regulation on prudential requirements for credit institutions and investement firms (2011) Application of a Model or Method 2013-07-29 22:50
IA Report: Proposal for a Regulation on the Common Fisheries Policy (2011) Application of a Model or Method 2013-07-29 23:55
IA Report: Proposal for a Regulation setting up the Fuel Cells and Hydrogen Joint Undertaking Application of a Model or Method 2013-09-03 22:49
IA Report: Renewable Energy - a major player in the European energy market (2012) Application of a Model or Method 2013-07-25 18:07
IA Report: Short selling and aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions etc (2012) Application of a Model or Method 2013-07-25 19:13
IA Report: Specific provisions for the support from the European Regional Development Fund to the European territorial cooperation goal (2011) Application of a Model or Method 2013-07-30 13:01
IA Report: Thematic Strategy on Air Pollution Application of a Model or Method 2013-09-05 11:46
IA Report: Union guidelines for the development of the Trans-European Transport Network (2011) Application of a Model or Method 2013-07-30 00:50
Report on "A New Growth Path for Europe" Publication 2014-08-22 15:28
The Policy-Relevancy of Impact Assessment Tools: Evaluating Nine Years of European Research Funding Publication 2014-07-09 16:32
What is the evidence on the impact of research on international development? Publication 2014-11-06 15:06

Content for this term

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E3ME Model 2014-04-23 15:36
Intertemporal Computable Equilibrium System Model 2013-11-26 08:29
Macroeconomic Environment Impact Area 2014-01-22 15:25
Nõmmann, Tea Expert 2014-03-05 09:47
Pothen, Frank Expert 2014-03-18 18:34
WITCH Model 2013-11-26 08:29