Macro-politics & -economics

  • We follow for you the evolution of debates on and in macroeconomic policymaking – fiscal policy, monetary policy, exchange rates, and (relative) wages.

  • Institutions, actors and tensions within the European Monetary Union (EMU) are one of the key areas of examination and analysis, as are other central banks outside the euro area. We pay particular attention to divergence in macroeconomic policy and analyse problems in EMU as a permanent balance of payment crisis against the background of an incomplete fiscal and financial union.

  • The tensions between European institutions, national governments and relevant audiences and interest groups (e.g. financial sector, trade unions) form the particular political economy angle that sets our analyses apart.

Trade & the EU

  • The trade relations within the EU and with its non-EU commercial partners has been a hot topic, since the CETA deal between the EU and Canada, but especially during and since the conclusion of the Brexit negotiations.

  • PEACS has been among a handful to lead political-economic analysis in this area. Without understanding the importance of the Single European Market (SEM), and the role of interest groups in the construction of the SEM, it is impossible to evaluate the EU’s trade policies.

  • Our unique political-economy approach to EU trade will therefore encompass the SEM, interest groups and lobbying, and the effects on external EU trade relations.

Social & environmental sustainability

  • ESG is one of the key words in business, finance and policy today. Without attention to environmental and social sustainability, companies and possibly entire sectors face significant adjustment problems.

  • In this wide area, PEACS offers sectoral analyses (such as, for example, in automobiles, steel, hydrogen), where attention will go to the social consequences of environmental adjustment, the role of veto players and hold-up arrangements in that process, and how to turn ‘conservative’ inhibiting coalitions into ‘progressive’, change-embracing ones.

Industrial organisation

  • Since the collapse of the Soviet Union three decades ago, the differences within capitalism, both in organisation and performance, have become ever more pronounced.

  • Why is productivity systematically lower in some countries than in others? Does the model of industrial credit, and its recent evolution, matter for economic performance? (How) can policymakers influence long-term, sustainable economic performance?

  • Those are the types of questions at the heart of PEACS analyses in this area, organised by some of the leading researchers in the field of comparative economic organisation.

  • We offer you country-specific studies as well as comparative analyses that shed a light on crucial background factors in location and investment decisions and can help you explore new production sites and markets.

Finance, banking & capital union

  • The prominent role of finance in today’s capitalism can hardly be overstated. But with growing importance has come growing regulation and integration, and Brexit is likely to upset not only the European (and UK) financial sectors but also have repercussions for global finance.

  • In this area, PEACS combines technical insights with broader political-economic analyses of national policies and interest groups in the operation and development of capital markets and finance in Europe and beyond.

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