The project

The independent Annual Growth Survey (iAGS) brings together a group of internationally competitive economists to provide an independent alternative to the Annual Growth Survey (AGS) published by the European Commission. The iAGS is published simultaneously with the Annual Growth Survey of the European Commission at the start of the European semester.

The iAGS seeks to irrigate and inform the public debate on economic strategy in Europe. Sustainability of public debt, fiscal adjustment and exit strategies from the recession will be fundamental concerns in years to come. These issues are complex and cannot be addressed with off-the shelf or one-size-fits-all expertise. Instead, an open and in depth analysis of hypotheses, empirical evidence, options and foreseeable consequences of possible policies is required.

iAGS highlights topics, that often go overlooked, yet are essential, such as the role of monetary policy in the policy mix, the social consequences of the crisis, the importance of public investment. The project tackles public finances, unemployment, public debt, and formulates alternative and more efficient strategies that can move the economy towards balanced economic growth while maintaining price stability and full employment and preserving social progress.

In an environment shaken up by the 2007 financial crisis, the project leaders firmly believe in the need for an intellectually independent, conceptually pragmatic and fundamentally transparent analysis of the facts and policies that drive European economic and social progress now and in the future.

iAGS provides in-depth analyses on Eurozone and major EU countries. Fiscal policy, monetary policy and labour market policies are critical for the economic prospects of the EU and will determine institutional advances in the near future.

In subsequent editions, we will also focus on Central and Eastern European countries –with the end goal of analyzing all EU members and formulating recommendations for policy and structural reforms for all countries. Additional themes will include education, energy, financial systems, European economic governance and reform, as well as EU trade and competitiveness.

Partners Specifics

OFCE, the French Economic Observatory, is leading the project in association with AK from Austria, ECLM from Denmark and IMK from Germany. The project is open and all material will be available under a creative commons licence.

A Scientific Council, representing those institutes involved in the project as well as independent internationally renowned scientists, will evaluate the work, assess the organization of the project and advise iAGS on the research agenda.