This site is for archive purposes. Please visit www.eliamep.gr for latest updates
Go to Top

Βιβλιοθήκη

For A European Political Economy Of Trust

Azmanova, Albena, (2016), “For A European Political Economy Of Trust”, Social Europe, 14 Δεκεμβρίου The 52 % vote for Brexit united strange bed-fellows: those who wanted less globalisation, and those who wanted more. The former—the ‘losers of globalisation’—charged the EU as guilty of fostering free markets and open borders that threaten (their) livelihoods. For some of the latter, the EU’s bureaucracy has been preventing the UK from being the deregulated, …Read More

Explaining inequality

Darvas, Zsolt, (2016), “Explaining inequality”, Bruegel, 13 Δεκεμβρίου Is technological progress behind growing income inequality? Zsolt Darvas argues increased automation is only part of the explanation. There is a growing awareness that income inequality has increased in a number of developed countries. The lucky ones, with high levels of accumulated wealth, assets and top incomes, earn more and more, while those who are at the bottom of the income distribution …Read More

An unemployment benefit scheme for the Eurozone

Andor, László, Pasimeni, Paolo, (2016), “An unemployment benefit scheme for the Eurozone”, VoxEu, 13 Δεκεμβρίου Since its inception, the Eurozone has had lower growth and higher unemployment rates than other regions, which suggests the need for new fiscal instruments. This column argues for a stabilisation instrument based on unemployment as the driving indicator. This unemployment benefit scheme coud take the form of a basic common European scheme, or a reinsurance fund …Read More

A global trade model for the euro area

D’Agostino, Antonello, Modugno, Michele, Osbat, Chiara, (2016), “A global trade model for the euro area”, European Central Bank, 9 Δεκεμβρίου We propose a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables. First, we show that macroeconomic variables are necessary to generate accurate short-term trade forecasts; this result can be explained by the high correlation between trade and macroeconomic variables, with the latter being …Read More

The political economy of macroprudential policy

Merler, Silvia, (2016), “The political economy of macroprudential policy”, Bruegel, 12 Δεκεμβρίου What’s at stake: the emergence of renewed interest in macroprudential policy has characterised the aftermath of the great recession. There is not yet full agreement on what the tasks of macroprudential policy is or how it should be carried out, but there is a clear understanding that there is an important political economy dimension to it. We review …Read More

Misallocating capital and labour across firms: Trends and determinants in selected Eurozone economies

Gamberoni, Elisa, Giordano, Claire, Lopez-Garcia, Paloma, (2016), “Misallocating capital and labour across firms: Trends and determinants in selected Eurozone economies”, VoxEu, 13 Δεκεμβρίου An efficient allocation of inputs across firms is a necessary condition to boost TFP growth. This column presents evidence that in large Eurozone economies, capital misallocation trended upwards in the period 2002-2012 while labour misallocation dynamics were flatter. Uncertainty and credit market frictions were strongly associated with …Read More

The Impact of Workforce Aging on European Productivity

Aiyar, Shekhar, Ebeke, Christian, Shao, Xiaobo, (2016), “The Impact of Workforce Aging on European Productivity”, IMF Working Paper WP/16/238, December The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects …Read More

Bail-in: Limits and work in progress

Barba Navaretti, Giorgio, Calzolari, Giacomo, Pozzolo, Alberto, (2016), “Bail-in: Limits and work in progress”, VoxEu, 12 Δεκεμβρίου In the years since the Global Crisis, there has been substantial public opposition to taxpayer-funded bailouts of financial institutions. Reflecting this sentiment, a cornerstone of the EU’s post-crisis resolution framework is that losses be borne by private investors and creditors. This column surveys some of the details that need to be worked out …Read More

Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point

Gaspar, Vitor, Jaramillo, Laura, Wingender, Philippe, (2016), “Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point”, IMF Working Paper WP/16/233, November An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In this paper, we attempt via four case studies—Spain, China, Colombia, …Read More

Eurozone QE and bank profitability: Why it is too early to taper

Demertzis, Maria, B.Wolff, Guntram, (2016), “Eurozone QE and bank profitability: Why it is too early to taper”, Bruegel, 8 Δεκεμβρίου In the eyes of the critics, the quantitative easing programs have been of little help to growth and inflation and have instead been an attack on savers, undermining the profitability of banks and insurances. Do these arguments stand scrutiny? Σχετικές Αναρτήσεις Hüttl, Pia, Merler, Silvia, (2016), “An update: Sovereign bond holdings …Read More