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1/ Who said “The #EuropeanCommission [economic] analyses were too numerous, often inaccurate, analytically poor, and marginal?”
A thread on the economic analysis at the EC, and especially #multicountry #modelling, based on our new paper with Antonella Rancan and @jcaacostamacia ImageImage
2/ The quote is from Tommaso Padoa-Schioppa, head of the Commission Directorate for Financial and Economic Affairs (the “DG II”, or "Ecofin") from 1979 to 1983. In the quote, Padoa-Schioppa is describing the state of things at the DG II in 1979, when he took office. ImageImage
3/ For Padoa-Schioppa, the EC needed more “professionalism” when conducting economic analysis, in order to persuade national policymakers and hence to steer the course of national economic policies. ImageImage
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