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Once bitten: new evidence on the link between IMF conditionality and IMF stigma

Irina Andone and Beatrice Scheubel, (2019), «Once bitten: new evidence on the link between IMF conditionality and IMF stigma», ECB Working Paper Series No 2262, Απρίλιος While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries’ willingness to ask for an IMF programme – often termed ‘IMF stigma’ – has recently received attention particularly from policy …Read More

Hourly labour costs ranged from €5.4 to €43.5 across the EU Member States in 2018

Eurostat/Hourly labour costs ranged from €5.4 to €43.5 across the EU Member States in 2018/11 Απριλίου 2019 In 2018, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €27.4 in the European Union (EU) and €30.6 in the euro area. However, the average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€5.4), Romania (€6.9), …Read More

Who’s Afraid of Low Inflation?

Daniel Gros, (2019), «Who’s Afraid of Low Inflation?», Project Syndicate, 9 Απριλίου The fact that eurozone inflation is closer to 1% than 2% is not ideal, but the European Central Bank should not be overly concerned. The ECB does not need to pull out all the stops and invent ever more instruments in the forlorn hope of increasing inflation by a few tenths of a percentage point. Σχετικές Αναρτήσεις Adam …Read More

Why the ECB Won’t Loosen Its Policy Stance Further

Mohamed A. El-Erian, (2019), «Why the ECB Won’t Loosen Its Policy Stance Further», Bloomberg Opinion, 10 Απριλίου The European Central Bank, after sharply revising downward its baseline growth projections and seeing no decisive lifting of the downside risks, could be tempted to signal at its Governing Council meeting on Wednesday that it will pursue a further loosening of its monetary policy stance. That would be consistent with the bank’s record …Read More

Γιατί η γερμανική οικονομία ασθενεί και πώς μεταδίδει τον ιό στην Ευρωζώνη

Νατάσα Στασινού, (2019), «Γιατί η γερμανική οικονομία ασθενεί και πώς μεταδίδει τον ιό στην Ευρωζώνη», Naftemporiki.gr, 10 Απριλίου Δεν έχουμε συνηθίσει τη Γερμανία στον ρόλο του μεγάλου ασθενούς. Ακόμη, όμως, και οι πιο γεροί οργανισμοί υποκύπτουν κάποιες στιγμές σε εποχικούς ιούς. Η σημερινή εποχή δοκιμάζεται από τον ιό του προστατευτισμού, του οικονομικού εθνικισμού και των πάσης φύσεως τειχών στον οποίο οι εξαγωγικές δυνάμεις είναι πιο ευάλωτες. Το Βερολίνο επιλέγει να …Read More

EU Mobile Workers: A challenge to public finances?

Cinzia Aldixi and Daniel Gros, (2019), «EU Mobile Workers: A challenge to public finances?», CEPS, Contribution for informal ECOFIN, Bucharest 5-6 April This contribution analyses recent trends in labour mobility within the EU and considers the challenges it generates in sending countries. It finds that mobile workers abroad can make a significant contribution to the GDP of their host countries and that the incomes of mobile citizens abroad can be …Read More

Immigration and preferences for redistribution in Europe

Alberto Alesina, Elie Murard and Hillel Rpoport, (2019), «Immigration and preferences for redistribution in Europe», VoxEU, 8 Απριλίου A large literature shows that generosity, both public and private, is more freely extended within the same group rather than across groups. This column examines how immigration affects natives’ attitudes towards redistribution and the implications for welfare states in Europe. The main finding is that in regions which have received a larger …Read More

‘Full and good employment’ and reviving the European ideal

Laura Pennacchi, 92019), «‘Full and good employment’ and reviving the European ideal», Social Europe, 4 Απριλίου Treating employment as a right to be guaranteed by the state, as postulated in many European constitutions, is radically different from the paternalistic alternative, focused on providing monetary benefits to those lacking work. Bringing the centre of gravity back to employment and rejecting the purported inevitability of the jobless society intrinsic to the spontaneous …Read More

Europe’s big election mess

David M. Herszenhorn and Maïa de La Baume, (2019), «Europe’s big election mess», Politico, 4 Απριλίου The Juncker Commission doesn’t end until Halloween, but the scary season for Europe’s political elite is already underway. Polls suggest May’s European Parliament election will deliver chaotic results, including unprecedented gains for far-right and populist parties that will force the major pro-EU groups to reach wider than ever to form a majority coalition. Σχετικές …Read More

Με ευνοϊκούς όρους τα νέα φθηνά δάνεια από την ΕΚΤ

Η Καθημερινή, (2019), «Με ευνοϊκούς όρους τα νέα φθηνά δάνεια από την ΕΚΤ», 6 Απριλίου Με το Eurogroup να ανησυχεί όλο και περισσότερο για πιθανή ύφεση στην Ιταλία και για στασιμότητα της οικονομίας στη Γερμανία, η ΕΚΤ θα αναγκαστεί να πληρώσει τις τράπεζες της Ευρωζώνης για να μεταφέρουν στην πραγματική οικονομία τα νέα μακροπρόθεσμα δάνεια που θα τους χορηγήσει το φθινόπωρο. Σχετικές Αναρτήσεις Νατάσα Στσινού, (2019), «Η FED, η ΕΚΤ …Read More