Gaspar, Vitor, Jaramillo, Laura, Wingender, Philippe, (2016), “Tax Capacity and Growth: Is there a Tipping Point?”, IMF Working Paper WP/16/234, November Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We use two separate databases: a novel contemporary database covering 139 …Read More
Challenges to debt sustainability in advanced economies
Dabrowski, Marek, (2016), “Challenges to debt sustainability in advanced economies”, Bruegel, 8 Δεκεμρίου The gross general government debt-to-GDP ratios in many advanced economies have reached the highest levels in peacetime history and continue to grow, putting into question sovereign solvency in these economies. Σχετικές Αναρτήσεις Dabrowski, Marek, (2016), “Are advanced economies at risk of falling into debt traps?”, Bruegel, 10 Νοεμβρίου Marsh, Chris, Nagly, Dominik, Pagoulatos, George, Papaioannou, Elias, (2016), …Read More
Can Trump Save the Euro?
Gros, Daniel, (2016), “Can Trump Save the Euro?”, Project Syndicate, 6 Δεκεμβρίου Europe has just endured two more difficult tests. While Austrian voters rejected the possibility of the European Union getting its first far-right head of state, Italians delivered a stinging rebuke to their government – and opened the way for populist forces to come to power. Add to that a Brexit that has yet to unfold and the eurozone’s …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Secret For Business Success In Crisis Times? Trust And Dialogue
Demetriades, Stavroula, (2016), “Secret For Business Success In Crisis Times? Trust And Dialogue”, Social Europe, 7 Δεκεμβρίου Europe has gone through significant economic change over the past decade. Businesses have had to manage unprecedented challenges posed by the financial crisis, globalisation and a rapidly changing labour market. But fresh challenges do not always require radical new approaches – innovation can be found in the ways new measures and reforms are implemented …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Will a European unemployment benefits scheme affect labour mobility?
Alcidi, Cinzia, Barslund, Mikkel, Busse, Matthias, Nicoli, Francesco, (2016), “Will a European unemployment benefits scheme affect labour mobility?”, CEPS, 6 Δεκεμβρίου Labour mobility in the EU is comparatively low, despite major efforts from the European Institutions to support cross-border mobility. This study evaluates the potential implications of a European Unemployment Benefits Scheme (EUBS) for labour mobility in the EU. We find that the introduction of an EUBS, irrespective of whether …Read More
Austria and Italy Votes Show European Nationalism Not Unchecked
Funk Kirkegaard, Jacob, (2016), “Austria and Italy Votes Show European Nationalism Not Unchecked”, Peterson Institute for International Economics, 5 Δεκεμβρίου Rumors of Europe’s imminent demise—or right-wing nationalist takeover—have been greatly exaggerated, it turns out. Voters in Austria and Italy went to the polls this weekend. Austrians chose the establishment candidate Alexander van der Bellen as their next president—a largely ceremonial role—while Italians emphatically rejected Prime Minister Matteo Renzi’s plan to …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
European unemployment and labour market reforms: A two-handed approach
Campos, Nauro, El Aynaoui, Karim, Loungani, Prakash, (2016), “European unemployment and labour market reforms: A two-handed approach”, VoxEu, 5 Δεκεμβρίου Thirty years ago, a distinguished group of economists advocated a ‘two-handed’ approach to unemployment that targeted supply as much as demand. This column examines recent work on the effectiveness of cyclical and structural policies – the two ‘hands’ – targeting unemployment in Europe. It further considers the pressures from greater …Read More
The impact of the legal and operational structures of euro-area banks on their resolvability
Dirk Schoenmakert, (2016), “The impact of the legal and operational structures of euro-area banks on their resolvability”, Bruegel, 6 Δεκεμβρίου Following the financial crisis, the question of how to handle a big bank’s collapse has come to the fore. This Policy Contribution evaluates the obstacles to resolvability that the legal and operational structures of the large euro-area banks could pose to the European Union’s new resolution regime. Σχετικές Αναρτήσεις De …Read More
Banking regulatory reform: The way forward
Vives, Xavier, (2016), “Banking regulatory reform: The way forward”, VoxEu, 6 Δεκεμβρίου As with previous systemic crises, the 2007-2009 crisis has created regulatory reform, but is it adequate? This column argues that prudential regulation should consider interactions between conduct – capital, liquidity, disclosure requirements, macroprudential ratios – and structural instruments, and also coordinate with competition policy. Though recent reforms are a welcome response to the recent crisis, we do not …Read More
Harmonising Insolvency Laws in the Euro Area: Rationale, stocktaking and challenges
Valiante, Diego, (2016), “Harmonising Insolvency Laws in the Euro Area: Rationale, stocktaking and challenges”, CEPS, 1 Δεκεμβρίου There are four distinct areas where harmonising national insolvency frameworks could improve the functioning of the single market and the stability of the euro area. Early restructuring of businesses, bank resolution, cross-border insolvency and management of non-performing loans rely on common features of local insolvency frameworks, which can affect their legal certainty and …Read More