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Harmonised Unemployment Rates (HURs), OECD – Updated: September 2017

OECD/Harmonised Unemployment Rates (HURs)- Updated: September 2017/11 Σεπτεμβρίου 2017 The OECD unemployment rate was stable at 5.8% in July 2017, unchanged for the second consecutive month. Across the OECD area, 36.2 million people were unemployed, 3.6 million more than in April 2008. Σχετικές Αναρτήσεις OECD, (2017), «Jobs gap closes but recovery remains uneven», 13 Ιουνίου Garda, Paula, (2017), «Employment ins and outs in OECD countries», OECD, 30 Μαρτίου

Headline inflation measures shouldn’t ignore costs of home ownership

Hampl, Mojmir, Havranek, Tomas, (2017), «Headline inflation measures shouldn’t ignore costs of home ownership», VoxEU, 12 Σεπτεμβρίου Seven out of every ten Europeans live in their own homes, yet Europe’s most important inflation measure excludes the costs associated with owner-occupied housing. This column argues that including the costs of home ownership would prove beneficial to the conduct of monetary and macroprudential policy. It would also bring the measure closer to …Read More

A Two-Tier Eurozone or a Euro of Regions? A radical Proposal based on Keynes’ clearing union

Kregel, Jan, (2017), «A Two-Tier Eurozone or a Euro of Regions? A radical Proposal based on Keynes’ clearing union», Levy Economics Institute of Bard College, Public Policy Brief No. 144, Σεπτέμβριος In light of the problems besetting the eurozone, this policy brief examines the contributions of John Maynard Keynes and Richard Kahn to early debates over the design of the postwar international financial system. Their critical engagement with the early …Read More

Germany’s election: Behind consensus politics lie conflicting ideas of Europe

Bongardt, Annette, Codogno, Lorenzo, Torres, Francisco, (2017), «Germany’s election: Behind consensus politics lie conflicting ideas of Europe», LSE EUROPP, 7 Σεπτεμβρίου Ahead of the 24 September German federal elections, Angela Merkel and the CDU/CSU are leading by a wide margin, although the number of undecided voters is still high. Annette Bongardt, Lorenzo Codogno and Francisco Torres write that although Europe has been relatively absent from the electoral debate, there is a …Read More

Composite Leading Indicators (CLI), OECD, September 2017

OECD/Composite Leading Indicators (CLI), September 2017/7 Σεπτεμβρίου 2017 Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, continue to point to stable growth momentum in the OECD area as a whole. Stable growth momentum remains the assessment for the United States, Japan, Canada and the euro area as a whole, including Italy, and is now also expected in France.Signs are …Read More

GDP up by 0.6% in the euro area and by 0.7% in the EU28

Eurostat/GDP up by 0.6% in the euro area and by 0.7% in the EU28/7 Σεπτεμβρίου 2017 Seasonally adjusted GDP rose by 0.6% in the euro area (EA19) and by 0.7% in the EU28 during the second quarter of 2017, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2017, GDP grew by 0.5% in both …Read More

Remaking Europe: the new manufacturing as an engine for growth

Veugelers, Reinhilde, (2017), «Remaking Europe: the new manufacturing as an engine for growth«, Bruegel, 7 Σεπτεμβρίου Europe needs to know how it can realise the potential for industrial rejuvenation. How well are European firms responding to the new opportunities for growth, and in which global value chains are they developing these new activities? The policy discussion on the future of manufacturing requires an understanding of the changing role of manufacturing …Read More

Declining Youth Unemployment in Europe: The Effect of the Business Cycle or the European Youth Guarantee?

Barslund, Mikkel, Gros, Daniel, (2017), «Declining Youth Unemployment in Europe: The Effect of the Business Cycle or the European Youth Guarantee?», CEPS, 4 Σεπτεμβρίου A fresh look at youth unemployment in Europe finds that it is not the huge societal problem previously thought, but rather that general unemployment merits closer attention. Σχετικές Αναρτήσεις Pastore, Francesco, (2017), «Getting It Right: Youth Employment Policy within the EU», IZA Institute of Labor Economics, Policy Paper …Read More

Προβληματίζει την ΕΚΤ η μεγάλη ανατίμηση της ισοτιμίας του ευρώ

Η Καθημερινή, (2017), «Προβληματίζει την ΕΚΤ η μεγάλη ανατίμηση της ισοτιμίας του ευρώ», 5 Σεπτεμβρίου Ο Μάριο Ντράγκι δεν θα αφήσει την ευκαιρία να πάει χαμένη την ερχόμενη Πέμπτη και θα θίξει το ζήτημα της σημαντικής ενίσχυσης της ισοτιμίας του ευρώ τους τελευταίους μήνες, τη στιγμή που η ΕΚΤ ετοιμάζεται να αναπροσαρμόσει τα μέτρα που έλαβε για να στηρίξει την οικονομία και να αυξήσει τον πληθωρισμό. Ο πρόεδρος της Ευρωπαϊκής …Read More

What the ECB Will and Won’t Do This Week

El-Erian, Mohamed A., (2017), «What the ECB Will and Won’t Do This Week», Bloomberg View, 6 Σεπτεμβρίου When the Governing Council of the European Central Bank meets on Thursday, it will continue to prepare markets for the start of its long process of normalizing its unconventional monetary policy. But the central bank is unlikely to announce the specific details that markets and others are looking for, and not just because …Read More

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