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    <title>EconStor Community: Bruegel, Brussels</title>
    <link>http://hdl.handle.net/10419/45498</link>
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    <title>The Community's Suchmaschine</title>
    <description>Durchsuchen Sie den Kanal</description>
    <name>Suchen</name>
    <link>http://www.econstor.eu/simple-search</link>
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    <title>Private long-term investment in uncertain times</title>
    <link>http://hdl.handle.net/10419/72143</link>
    <description>Titel: Private long-term investment in uncertain times
&lt;br/&gt;
&lt;br/&gt;Autoren: Zachmann, Georg
&lt;br/&gt;
&lt;br/&gt;Zusammenfassung: The economic and financial crisis in Europe is affecting the financing of long-term infrastructure investment. There are multiple clearly identifiable channels: reduced demand for long-term investment, a tightening prudential framework for lending, upward adjustment of risk perception, complex transition of the financial system, and increasing macroeconomic, sovereign and regulatory risk. Some of the identified channels are potentially dangerous spillovers from the crisis that entail the risk of a downward spiral (eg increasing regulatory risk), while others are efficient market responses (eg reduced investment demand, correction of pricing of risk). Consequently, public policy instruments should not address the accessibility of long-term finance per se, but should explicitly target the critical channels.</description>
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  <item rdf:about="http://hdl.handle.net/10419/72142">
    <title>The world innovation landscape: Asia rising?</title>
    <link>http://hdl.handle.net/10419/72142</link>
    <description>Titel: The world innovation landscape: Asia rising?
&lt;br/&gt;
&lt;br/&gt;Autoren: Veugelers, Reinhilde
&lt;br/&gt;
&lt;br/&gt;Zusammenfassung: Highlights - Research and development spending has risen rapidly in Asia, particularly in China, which is now the world's second R&amp;D spender behind the United States.The increase in Korean and Chinese patent applications has been even more rapid, but Chinese patenting for exploitation on the main markets for innovation(the European Union, Japan and the US) is still marginal. - Asia's increased innovation spending is most prominently related to information and communication technologies. Overall, the Chinese and Korean economies are still not specialised in knowledge-intensive goods and services.Furthermore, China in particular is not (so far) capturing much value from its role as a manufacturer and exporter of high-tech goods; China remains mostly an assembler of goods, the value of which is created elsewhere. - It would be wrong to ignore China's innovation potential on the basis of its current performance. Its clear innovation ambitions are likely to drive its future growth. - Europe is struggling much more than the US to retain its place at the global innovation table. The EU should use Asia's capacity building in innovation as an opportunity for value capture.</description>
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    <title>An action plan for Europe's leaders</title>
    <link>http://hdl.handle.net/10419/72141</link>
    <description>Titel: An action plan for Europe's leaders
&lt;br/&gt;
&lt;br/&gt;Autoren: Marzinotto, Benedicta; Pisani-Ferry, Jean; Wolff, Guntram B.
&lt;br/&gt;
&lt;br/&gt;Zusammenfassung: At the extraordinary EU Council of 21 July European leaders have to accomplish a triple-mission. First, they should pave the way to restoring solvency in Greece by initiating debt reduction. Softening the Greek debt burden implies i) reducing the interest rate on official lending, ii) requesting from the EFSF support for an immediate bond buy-back programme, and iii) asking the ESRB for an immediate evaluation of the risks to financial stability involved in a future restructuring of the sovereign debts in the euro area. Second, they should promote immediate growth-enhancing measures to be financed through unused EU structural funds and EIB loans (16bn). The available funds shall be used to i) raise the quality of higher education, ii) finance wage subsidies in manufacturing and tourism so as to generate an internal devaluation at contained domestic-demand costs; and ii) create research laboratories (i.e. lighthouse innovation projects) that would support an upgrading of the Greek value chain. Third, they should address risks to financial stability in the euro zone by breaking the vicious circle between sovereign debt and banking risk. The EFSF should be able to guarantee national deposit insurance schemes; at the same time, the European Banking Authority should assume stronger supervisory powers. This is an immediate action plans but of course more ambitious reforms are necessary down the road.</description>
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    <title>Globalisation and the reform of European social models: Background document for the presentation at ECOFIN Informal Meeting in Manchester, 9 September 2005</title>
    <link>http://hdl.handle.net/10419/72140</link>
    <description>Titel: Globalisation and the reform of European social models: Background document for the presentation at ECOFIN Informal Meeting in Manchester, 9 September 2005
&lt;br/&gt;
&lt;br/&gt;Autoren: Sapir, André</description>
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