Nils Redeker (@niredeker) / X

Nils Redeker

2,596 posts

Nils Redeker

@niredeker

Deputy Director @DelorsBerlin | Think-tanking on European fiscal, industrial and economic policy | PhD alumnus @IPZuser

Berlin, DE

Joined January 2015

Pinned
Nils Redeker
@niredeker
Jun 26, 2024
The EU's regional funds are one of the biggest spending items of the EU and a key sticking point in the next budget negotiations. In a new paper, @valentin_lang, @DanBischof and I use new data to see who benefits from them. And we show they need fundamental reforms. Here's why:
45K
Nils Redeker
@niredeker
Sep 9, 2024
The Draghi report contains one of the most spot-on critiques for the current state of EU industrial policy I have read so far. And it comes with some solid ideas on how to move forward. Here are the three main takeaways.
590K
Nils Redeker
@niredeker
Sep 9, 2024
Draghi report starts with a power chart. Around 70% of the EU's gap in GDP per capita with the US is explained by lower productivty in the EU.
154K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
First, the report offers a clear-eyed assessment of what’s currently going wrong. European efforts to craft a unified industrial strategy have been hampered by two major issues. On the one hand, industrial policies remain fragmented along national lines.
42K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
This leads to duplication and bureaucracy, prevents the creation of large financing instruments for joint projects, hampers scalability, and means that projects with positive externalities for the entire bloc often go unrealized.
39K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
On the other hand, EU industrial policy is fragmented across policy areas. Modern industrial policies require coordination across many fronts: fiscal policies to incentivize production, trade policies to manage external pressures, and foreign policies to secure supply chains.
38K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
This brings us to the second point: how does Draghi want to move forward? First, the EU needs to decide which sectors to prioritize. The report offers some possible categories and I think they are spot on.
43K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
Given the EU has been churning out industrial strategies for years, this critique sounds damning. But it’s accurate and the kind of tough love the next Commission needs to hear to make things better in the next cycle.
32K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
In the EU, these policies are scattered across various DGs, as well as between the national and EU levels. This fragmentation means that policies relevant to industrial goals often pull in different directions, preventing the development of coherent and well-integrated strategies
35K
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
I haven’t fully grasped whether the report makes detailed suggestions in the later chapters, but from the first section, it seems Draghi has digital technologies, certain clean tech sectors, automotives, and selected energy-intensive industries in mind. This sounds about right.
38K
Nils Redeker
@niredeker
Aug 27, 2024
One of the unsung wins of the current German government is that its permitting reforms seriously sped up the rollout of renewable energy projects.
55K
Nils Redeker
@niredeker
Jul 5, 2021
Incredibly happy that this one now has officially been accepted for publication at @The_JOP. In the paper, I study how the weakening of trade unions has contributed to the massive rise of global corporate saving. Preprint: bit.ly/3yr3dgP Short summary below:
Nils Redeker
@niredeker
Sep 9, 2024
Replying to @niredeker
Next, the EU should consider the full range of instruments available to support these sectors. This includes new EU-level funding mechanisms for both capital and operational expenditures.
24K
Nils Redeker
@niredeker
Mar 8, 2024
European elections are looming, and everyone is talking about a green backlash. So, @tabouchadi, @MarkusKollberg, @JansenJannik1, and I collected lots of new data to see if voters are really turning away from climate policy. Here is a what we learned:
Debunking the Backlash: Uncovering European Voters' Climate Preference
From delorscentre.eu
155K