Towards a More Resilient European Union after the COVID-19 Crisis

BETA Working Paper 2020-33 (2020)

Eurasian Economic Review: https://doi.org/10.1007/s40822-021-00167-4

54 Pages Posted: 2 Jul 2020 Last revised: 26 Feb 2021

See all articles by Amélie Barbier-Gauchard

Amélie Barbier-Gauchard

University of Strasbourg

Meixing Dai

University of Strasbourg - Bureau of Economic Theory and Application (BETA)

Claire Mainguy

University of Strasbourg - Bureau of Economic Theory and Application (BETA)

Jamel Saadaoui

University of Strasbourg

Moïse Sidiropoulos

University of Strasbourg

Isabelle Terraz

University of Strasbourg - Faculty of Economics and Business

Jamel Trabelsi

University of Strasbourg

Date Written: July 1, 2020

Abstract

The pandemic crisis constitutes an unprecedented challenge for the European Union and for the Euro Area. Indeed, European institutional architecture can be viewed as being half-way between an association of sovereign states (like the United Nations, for example) and a politically integrated federation (like the United States for example). In this original construction, competences on several matters (such as economic, political, social and health issues, etc.) are shared at the European level, but also at the national and local levels in more complex ways than in fully integrated federations. To improve the resilience of the European Union to violent external shocks, the main objective of this paper is to determine to what extent these competences have to be transferred to the federal level. In this respect, we will consider whether a federal leap is necessary in several areas namely (i) monetary and fiscal policy (rules), (ii) labor markets policy and social models, migratory flows and skill shortages, and cooperation policy and (iii) renewed industrial policy and exchange rates. Despite a highly uncertain context, we outline some perspectives for the future of the European Union.

Keywords: European Union, Pandemic Crisis, Economic Policy, Resilience

JEL Classification: F33, E52, E62, F22, J61, L52

Suggested Citation

Barbier-Gauchard, Amélie and Dai, Meixing and Mainguy, Claire and Saadaoui, Jamel and Sidiropoulos, Moïse and Terraz, Isabelle and Trabelsi, Jamel, Towards a More Resilient European Union after the COVID-19 Crisis (July 1, 2020). BETA Working Paper 2020-33 (2020), Eurasian Economic Review: https://doi.org/10.1007/s40822-021-00167-4, Available at SSRN: https://ssrn.com/abstract=3641306 or http://dx.doi.org/10.2139/ssrn.3641306

Amélie Barbier-Gauchard

University of Strasbourg ( email )

61, avenue de la foret noire
Strasbourg, Alsace 3000
France

Meixing Dai

University of Strasbourg - Bureau of Economic Theory and Application (BETA) ( email )

61, avenue de la Foret Noire
Strasbourg, 67000
France

Claire Mainguy

University of Strasbourg - Bureau of Economic Theory and Application (BETA)

France

Jamel Saadaoui (Contact Author)

University of Strasbourg ( email )

61 Avenue de la Forêt Noire
Strasbourg, Alsace 67000
France

HOME PAGE: http://www.jamelsaadaoui.com/

Moïse Sidiropoulos

University of Strasbourg ( email )

61, avenue de la foret noire
Strasbourg, Alsace 3000
France

Isabelle Terraz

University of Strasbourg - Faculty of Economics and Business ( email )

France

Jamel Trabelsi

University of Strasbourg

61, avenue de la foret noire
Strasbourg, Alsace 3000
France

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