Authors: Knut Blind, Luke Georghiou, Mathias Dewatripont, Bruno van Pottelsberghe de la Potterie, André Sapir, Reinhilde Veugelers, Felix Roth, Faridah Djellal, Faïz Gallouj, Annaflavia Bianchi, Paolo Pini, Eckehard Rosenbaum, Donato Masciandaro

Forum: Drivers and Impediments for Innovation in Europe
by Knut Blind, Luke Georghiou, Mathias Dewatripont, Bruno van Pottelsberghe de la Potterie, André Sapir, Reinhilde Veugelers, Felix Roth, Faridah Djellal, Faïz Gallouj, Annaflavia Bianchi, Paolo Pini

The EU 2020 strategy relies on innovation as the core driver of economic dynamics. The
present Forum discusses the strategies established by the European Commission and the
member states for the intensifi cation of innovative activities. Analyses of often neglected
aspects of innovation policy, such as measurement of intangible investments, service
innovation and a regional innovation system complement the picture.

 Article: Lisbon, Europe 2020, and the Case for Soft Coordination in EU Policymaking
by Eckehard Rosenbaum

Positive spillovers from structural and other reforms fi gure among the key reasons for the
Lisbon and the Europe 2020 Strategies. This paper investigates the theoretical and empirical
evidence for such spillovers and shows that the need for coordination in some policy areas is
less evident than commonly assumed, whereas in others a lack of coordination is at the root
of persistent economic imbalances.

 Article: Reforming Regulation and Supervision in Europe: Five Missing Lessons from the Financial Crisis
by Donato Masciandaro

There is general agreement that fi nancial regulation and supervision must be improved. But
are the proposed reforms adequate to the task? What criteria should they fulfi l in order to be
effective?