Go to Top

Βιβλιοθήκη

When do countries implement structural reforms?

Da Silva, Antonio Dias, Givone,  Audrey, Sondermann, David, (2017), «When do countries implement structural reforms?» , ECB, Ιούνιος The objective of this paper is to investigate which factors ‐ macroeconomic, policy‐related or institutional  ‐ foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such factors. Our results suggest that structural reforms implementation is more …Read More

The leverage ratio, risk-taking and bank stability

Smith, Jonathan Acosta, Grill, Michael, Lang, Jan Hannes, (2017), «The leverage ratio, risk-taking and bank stability» , ECB, Ιούνιος This paper addresses the trade-off between additional loss-absorbing capacity and potentially higher bank risk-taking associated with the introduction of the Basel III Leverage Ratio. This is addressed in both a theoreti-cal and empirical setting. Using a theoretical micro model, we show that a leverage ratio requirement can incentivise banks that are bound …Read More

Income inequality and growth in Europe: key role for national policies

Darvas, Zsolt, (2017), «Income inequality and growth in Europe: key role for national policies», Bruegel, 29 Μαΐου The literature is inconclusive whether income inequality is good or bad for growth and job creation. Offering opportunity for all segments of the population is crucial and income inequality might reduce social mobility. Income inequality in the EU is at a much lower level than in most other parts of the world, but …Read More

A new approach to governance and integration in EMU for an optimal use of economic policy framework – priority to financial union

Papaspyrou, Theodoros, S., (2017), «A new approach to governance and integration in EMU for an optimal use of economic policy framework – priority to financial union», Bank of Greece Working Paper 229, Ιούνιος This paper proposes a new approach to EMU governance and integration consisting of the following elements: (i) an optimal use of the existing EU institutional framework for economic, fiscal and financial policies is necessary and possible at …Read More

Debt mainly held by non-residents in half of the EU Member States

Eurostat/Debt mainly held by non-residents in half of the EU Member States/20 Ιουνίου 2017 Significant differences can be observed across the European Union (EU) regarding the sector in which government debt is held. Among Member States for which data are available, the share of public debt held by non-residents in 2016 was highest in Cyprus (79%), followed by Latvia (72%), Austria (71%), Finland (70%) and Lithuania (69%). In contrast, the …Read More

Estimating the impact of shocks to bank capital in the euro area

Kanngiesser, Derrick, Martin, Reiner, Maurin, Laurent, Moccero, Diego, (2017), «Estimating the impact of shocks to bank capital in the euro area», ECB, Ιούνιος We contribute to the empirical literature on the impact of shocks to bank capital in the euro area by estimating a Bayesian VAR model identified with sign restrictions. The variables included in the VAR are those typically used in monetary policy analysis, extended to include aggregate banking …Read More

Price levels varied by almost one to three across the EU Member States

Eurostat/Price levels varied by almost one to three across the EU Member States/15 Ιουνίου 2017 In 2016, price levels for consumer goods and services differed widely in theEuropean Union (EU). Denmark (139% of the EU average) had the highest price level, followed by Ireland (125%), Luxembourg and Sweden (both 124%), Finland and the United Kingdom (both 121%). At the opposite end of the scale, the lowest price level was found …Read More

Industrial production up by 0.5 % in euro area

Eurostat/Industrial production up by 0.5% in euro area/14 Ιουνίου 2017 In April 2017 compared with March 2017, seasonally adjusted industrial production rose by 0.5% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2017 industrial production rose by 0.2% in euro area and by 0.3% in the EU28. In April 2017 compared with April …Read More

Employment up by 0.4% in both the euro area and in the EU28

Eurostat/Employment up by 0.4% in both the euro area and in the EU28/14 Ιουνίου 2017 The number of persons employed increased by 0.4% in both the euro area (EA19) and in the EU28 in the first quarter of 2017 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2016, employment increased also by 0.4% …Read More

Global Economic Outlook, June 2017

OECD, (2017), «Global Eonomic Outlook», Ιούνιος The mood in the global econom has brightened during the lat year. Confidence indicators, industrial production, headline measures of employment, and cross-border trade flows have improved in most economies, However, this still-modest cyclical expansion is not yet robust enough to yield a durable improvement in potential output or to reduce persistent inequalities. Σχετικές Αναρτήσεις OECD, (2017), «Greece Economic Forecast (June 2017)», Ιούνιος International Monetary …Read More

Page 1 of 3912345...102030...»»»