The economic governance program of Re-Define seeks to improve governance and the quality of decision making both at an European international level. This program encompasses macroeconomics, fiscal issues, crisis management, economic decision making, global and European governance. We work with governments, EU institutions, intergovernmental organizations and other stakeholders in this program. Below we have posted some of our most recent Policy Maker Briefs. We have also posted some of our most recent Re-Define Commentaries below. 

Policy Maker Brief on How to Stem the Euro crisis (Sept 2011)

Commentary on the European Stability Mechanism (Jul 2011)

Community Method or Inter-governmentalism in the EU (Mar 2011)

An Optimal Design for the European Stabilization Mechanism (ESM) (Jan 2011)

A New Global Monetary System? (Feb 2011)

Expanding and Improving the European Financial Stability Facility (Jan 2011)

Global Imbalances and Global Governance (Feb 2011)

Our most recent papers for the European Parliament

Crisis Management for the EU and Putting the Raging Fire Out (Jan 2011) 

Building a complete crisis management framework for the EU

This European parliament policy brief from Re-Define offers suggestions on how to build a comprehensive crisis management framework for the EU in general and the Eurozone in particular. It also analyses the policy proposals being put forward by the commission and by other influential actors. 

 The ongoing EU economic governance debate is far too narrow and, to make matters worse is based on a number of flawed implicit assumptions. The discussion on how to prevent the recurrence of a future sovereign crisis in the Eurozone assumes that the crisis was a result of the lack of willingness rather than a lack of ability on behalf of MS governments to take appropriate corrective measures.

Emergent Global Challenges: What Europe Needs to do to Tackle the Triple Crises of Tax Finance and Climate

This European Parliament policy paper from Re-Define written by Sony Kapoor considers how globalization has changed the nature of risks we are facing. It shows how, at the same time as idiosyncratic risks have fallen, the threat of system wide risks has risen significantly. This has been accompanied by an ever increasing degree of externalities and faster and larger cross border flows of not just commerce but people, information technologies and pathogens. While the increase in cross border flows has generated new opportunities, it has also exposed us to new threats. This calls for new institutional structures and a new approach to global governance.

The European Union should, as the most integrated region in the world, take the lead in both taking these emergent challenges head on and developing a model for new governance that can be replicated at the global level. This would be beneficial for Europe, and for the world.

Financial Transaction Taxes: Tools for Progressive Taxation and Improving Market Behaviour

This policy brief shows how a differentiated regime of financial transaction taxes can be used for rasing highly progressive tax revenues, reducing excessive short-termism and addressing systemic risk

Tackling Tax Flight - A Step Towards Good Governance

This report, which was comissioned by the German Development Ministry shows how Tackling Tax Flight can help improve the quality of Economic Governance

Are SDRs or a new Gold Standard the right answers?

This concept note, written for the World Future Council looks at the pros and cons of SDRs and the Gold Standard from an Economic Governance Perspective