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All on Board, Making Inclusive Growth Happen

OECD (2014) All on Board, Making Inclusive Growth Happen, OECD Inclusive Growth Initiative with support from the Ford Foundation, Μάιος.   Inclusive Growth, which is a new approach to economic growth that aims to improve living standards and share the benefits of increased prosperity more evenly across social groups, has become a major challenge for many countries around the world. This objective is particularly relevant in high income countries and …Read More

The European Union: wider and deeper?

Kelemen, R. D., Menon, A. & Slapin, J. (2014) “The European Union: wider and deeper?“, Routledge Publications, Journal of European Public Policy, Vol. 21, No. 5, pp. 643-646, 28 Απριλίου.   What is the relationship between widening and deepening in the European Union (EU)? Does the addition of new member states affect the process of centralization – that is to say, whether and how member states transfer ever more authority …Read More

The two faces of cross-border banking flows: An investigation into the links between global risk, arms-length funding, and internal capital markets

Reinhardt, D. & Riddiough, S. (2014) “The two faces of cross-border banking flows: An investigation into the links between global risk, arms-length funding, and internal capital markets“, VoxEU Organisation, 07 Μαΐου.   Cross-border funding between banks collapsed following the bankruptcy of Lehman Brothers, but the withdrawal of funding was not uniform across countries. This column argues that the composition of cross-border bank-to-bank funding can help to explain why. Interbank funding …Read More

Youth Unemployment in Mediterranean Countries

Eichhorst, W. & Neder, F. (2014) “Youth Unemployment in Mediterranean Countries“, Institute for the Study of Labor, IZA Policy Paper No. 80, Μάρτιος.   In all Mediterranean countries youth unemployment has reached alarming record levels. This paper analyses the current situation in France, Greece, Italy, Portugal, and Spain. In all countries school dropout rates are high, returns to education are low and the transition from education to work is problematic …Read More

Globalisation and the Future of the Welfare State

Chen et al. (2014) “Globalisation and the Future of the Welfare State“, Institute for the Study of Labor, IZA Policy Paper No. 81, Μάρτιος.   This paper reconsiders the link between welfare state provision, globalisation and competitiveness empirically. We challenge the conventional wisdom that welfare states, large-scale public provision of social insurance and progressive systems of redistributive taxation are incompatible with economic globalisation. Our empirical analysis is motivated by recent …Read More

Central bank advice on austerity

Wren-Lewis, S. (2014) “Central bank advice on austerity“, Mainly Macro Blog, 05 Μαΐου.   As I wrote recently, the economic debate on the impact on austerity is over bar the details. Fiscal contraction when interest rates are at their zero lower bound is likely to have a significant negative impact on output. Of course the popular debate goes on, because of absurd claims that recovering from austerity somehow validates it. …Read More

European Economic Forecast, Spring 2014

European Commission (2014) “European Economic Forecast, Spring 2014“, Directorate-General for Economic and Financial Affairs, Μάιος: Βρυξέλλες.   The EU economic outlook is strengthening. While leading indicators point to GDP growth gaining momentum in the near term, the conditions for a sustained recovery in the medium term are also improving. In view of the crisis legacy, growth is still set to remain moderate, but a gradual easing of the drag related …Read More

Party Attitudes towards the EU in the Member States – Parties for Europe, Parties against Europe

Conti, N. (ed.) (2014) “Party Attitudes towards the EU in the Member States – Parties for Europe, Parties against Europe“, Routledge Advances in European Politics, Routledge Publications: United Kingdom.   In a moment where the EU is facing an important number of challenges, there is growing interest in understanding how parties influence the way Europe evolves as a political issue, notably how parties structure domestic competition over European issues and …Read More

How to address inequality

Frankel, J. (2014) “How to address inequality“, VoxEU Organisation, 29 Απριλίου.   Awareness of inequality is rapidly rising. This column argues that commentators should focus on identifying the policies that are best suited to improving income distributions efficiently, and the politicians that support them. It is not sufficient to sound the alarm about inequality and the political reach of the super-rich. Inequality has received a lot of attention lately, particularly …Read More

How to save bank resolution in the European banking union

Gordon, N. J. & Ringe, G. (2014) “How to save bank resolution in the European banking union“, VoxEU Organisation, 30 Απριλίου.   The European Parliament recently adopted the Single Resolution Mechanism. Though supposed to be a pillar of the European banking union, it is fraught with difficulties. This column makes a proposal for a new organisational structure that can deal with bank failure more effectively. European banks should be required …Read More