The Draghi Report has made a compelling case for boosting private and public investment in the EU to foster technological catching up and deliver the Green transition. Whilst the need to invest more is often taken for granted, much less attention is usually paid to investment's ultimate effects on productivity and competitiveness. The latter depend on: the quality and composition of investment, the interplay of regulation and incentives, the complementarities between private and public investment, and the respective role of the national and EU levels. Whilst policymakers usually agree on the need to step up their national or EU investment strategies, the political and institutional conditions are rarely aligned to deliver on this priority.
By bringing together researchers, practitioners, and policymakers, the workshop will take a fresh look at these issues by asking fundamental questions about why we care about investment and whether more market integration is enough to boost investment. The workshop will take a multidisciplinary approach, complementing the economic aspects with the political economy, institutional, and legal perspectives.
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The Economic and Monetary Union Laboratory (EMU Lab) is a collaborative initiative driven by the Tommaso Padoa-Schioppa Chair and the Pierre Werner Chair, aiming to reassess the Economic and Monetary Union's structure in light of current European and global economic conditions. We seek to identify research and policy innovations to promote stability, growth, and fairness in the EMU, enhancing the resilience of the European economy and society.