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European Economy: a Decade of Labour Market Reforms in the EU – Insights from the LABREF Database

Turrini, A., Koltay, G., Pierini, F., Goffard, C. & Kiss, A. (2014) “European Economy: a Decade of Labour Market Reforms in the EU – Insights from the LABREF Database“, Economic Papers 522, European Commission – Economic and Financial Affairs, Ιούνιος.   This paper analyses the determinants and impact of labour market reforms in the European Union over the period of 2000-2011. The source of information on reforms is the LABREF …Read More

Spain and the IMF: Round the Bend or Out of the Woods?

Hugh, E. (2014) “Spain and the IMF: Round the Bend or Out of the Woods?“, A Fistful of Euros-European Opinion Blog, 15 Ιουλίου.   “Spain has turned the corner”. With this stark statement the IMF opened it’s annual Article IV consultation report for 2014. Naturally the statement rankled, with this author among others, because at first sight it seems to be saying something which on closer reading of the report …Read More

Why We Need Movement Of Free People

Hoffer, F. (2014) “Why We Need Movement Of Free People“, Social Europe Journal, 15 Ιουλίου.   When Franklin Roosevelt outlined his essential four freedoms in 1941 he was convinced democracy could only be defended and advanced beyond the remaining 11 democracies by replacing classical liberalism with a comprehensive concept based on freedom of expression, freedom of worship, freedom of want and freedom from fear. Real freedom cannot exist if one of …Read More

Euro Area Policies Staff Report for the 2014 Article IV Consultation With Member Countries

International Monetary Fund (2014) “Euro Area Policies Staff Report for the 2014 Article IV Consultation With Member Countries“, IMF Country Report No. 14/198, Ιούλιος.   KEY ISSUES Context. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. But the recovery is weak and uneven. Inflation has been too low for too long, financial markets are still fragmented, and structural gaps persist: these hinder rebalancing …Read More

Lower import prices = 100% welfare gains? Not necessarily: don′t forget the impact of consumer taste and product quality

Benkovskis, K. & Woerz, J. (2014) “Lower import prices = 100% welfare gains? Not necessarily: don′t forget the impact of consumer taste and product quality“, VoxEU Organisation, 15 Ιουλίου.   Import price statistics may not be a reliable indicator of welfare gains. They must adequately reflect the fact that consumers value variety, and that consumer tastes and product quality change over time. This column evaluates existing findings, and introduces new …Read More

Can we expect a rise in migration from Eastern Europe?

Jaroszewicz, Μ. (2014) “Can we expect a rise in migration from Eastern Europe?“, EU Observer, 15 Ιουλίου.   Research indicates that the inflow of migrants from Ukraine, Belarus and Moldova – even after visa liberalisation – will be modest. The Polish Centre for Eastern Studies, altogether with seven other research institutions from Central and Eastern Europe, has recently concluded research aimed at forecasting possible future migration from eastern Europe to …Read More

The next President of the European Council and High Representative for Foreign Affairs: a final look at the candidates

Worth, J. (2014) “The next President of the European Council and High Representative for Foreign Affairs: a final look at the candidates“, LSE EUROPP, 15 Ιουλίου.   The European Council will meet on 16 July with the aim of deciding who will replace Herman Van Rompuy as President of the European Council and Catherine Ashton as the EU’s High Representative for Foreign Affairs. Jon Worth takes a final look at …Read More

Fundamental rights: key legal and policy developments in 2013. Highlights 2013

FRA (2014) “Fundamental rights: key legal and policy developments in 2013. Highlights 2013“, European Union Agency for Fundamental Rights, Ιούλιος.   The EU and its Member States took a variety of important steps in 2013 to protect and promote fundamental rights by assuming new international commitments, revamping legislation and pursuing innovative policies on the ground. Yet, fundamental rights violations seized the spotlight with distressing frequency: would‑be migrants drowning off the …Read More

Has the Great Recession killed the traditional Phillips Curve?

Wren-Lewis, S. (2014) “Has the Great Recession killed the traditional Phillips Curve?“, Mainly Macro Blog, 14 Ιουλίου.   Before the New Classical revolution there was the Friedman/Phelps Phillips Curve (FPPC), which said that current inflation depended on some measure of the output/unemployment gap and the expected value of current inflation (with a unit coefficient). Expectations of inflation were modelled as some function of past inflation (e.g. adaptive expectations) – at …Read More

Mending the Fractured Economy, Smarter State – Better Jobs, Final Report of the Adonis Review

Adonis, A. (2014) “Mending the Fractured Economy, Smarter State – Better Jobs, Final Report of the Adonis Review“, An Independent Review for the Labour Party, supported by Policy Network, Ιούλιος.   The final report of the Adonis Review, Mending the Fractured Economy: Smarter State, Better Jobs, sets out reforms to boost innovation, tackle skills shortages and address youth unemployment, support growth companies, and empower city and county regions. Speaking ahead …Read More