Bart van Ark, Klaas de Vries, Kirsten Jäger, (2018) “Is Europe’s Productivity Glass Half Full or Half Empty?”, Intereconomics, Μάρτιος/Απρίλιος The global economic and financial crisis left the European economy in dire straits for almost a decade between 2008 and 2016. Despite the recent growth strengthening, which has brought average GDP growth rates for the euro area and the EU as a whole about back to their pre-crisis levels, it …Read More

Lorenzo Bini Smaghi, (2018), “A stronger euro area through stronger institutions”, Vox, 09 Απριλίου A team of French and German economists recently proposed on this site a series of reforms to strengthen the euro area’s institutional framework. This column, which joins VoxEU’s Euro Area Reform debate, argues that while the proposals form a useful basis for discussion, they are nevertheless subject to important shortcomings. Σχετικές Αναρτήσεις Jean Pissany Ferry, (2018), «The …Read More

Sebastian Dullien, (2018), “Blind spots and unintended consequences of the 14 economists’ Policy Insight”, VoxEU, 11 Απριλίου The recently published CEPR Policy Insight by a team of French and German economists proposes a package of reforms to make progress on risk sharing and risk reduction in the euro area. This column, which forms part of VoxEU’s Euro Area Reform debate, argues that while many of the package’s elements make sense, it …Read More

Maurizio Cotta,  (2018) “Italy: First European Country In The Hand Of Populists?” 9 Μαρτίου The general assumption was that the political and parliamentary landscape of Italy would become more complex after the 2018 elections. However, quite unexpected was the major political earthquake the vote has triggered. Σχετικές Αναρτήσεις Andres Velasco, (2018), «Why Economic Recovery Won’t Defeat Populism», Project Syndicate, 25 Ιανουαρίου Silvia Merler, (2018), «The Italian elections», Bruegel, 26 Φεβρουαρίου   …Read More

Nauro Campos, Corrado Macchiarelli, (2018), “A history of the European core and its periphery: How an optimal currency area forms”, VoxEU, 12 Μαρτίου The concepts of core and periphery remain ubiquitous and elusive in the European integration debate. This column documents the formation and evolution of a core and periphery in EMU, unearthing an increasingly integrated core, an entrenched periphery, and a third set of countries marked by in-and-out movements. …Read More

Guy Standing, (2018), “Rentier Capitalism And Basic Income”, Social Europe, 28 Μαρτίου Rental income has been boosted by increased firm concentration in many economic sectors – epitomised by the rise of ‘superstar firms’ – and by government action, most notably the strengthening of intellectual property rights protection and the growth of the subsidy state, as governments have chosen to compete by throwing subsidies at large corporations and rich individuals. In …Read More

Alessio Terzi, Pasquale Marco Marrazzo, (2018), “Do wide-reaching reform programmes foster growth?”, Bruegel, 28 Μαρτίου With growth gathering momentum in the eurozone, some have claimed this is the proof that structural reforms implemented during the crisis are working, re-opening the long-standing debate on the extent to which reforms contribute to fostering long-term growth. This column employs a novel empirical approach – a modified version of the Synthetic Control Method – …Read More

Anton Brender,Florence Pisani, (2018), “The American Economy: A European view”, CEPS, 23 Μαρτίου Each year, 25% of the world’s output is produced by less than 5% of the planet’s population. The juxtaposition of these two figures gives an idea of the power of the American economy. Not only is it the most productive among the major developed economies, but it is also a place where new products, services and production …Read More

Sotiria Theodoropoulou, (2018), “Managing public debt in Europe: an introductory guide”, European Trade Union Institute, Brussels This new introductory guide, ‘Managing public debt in Europe, reviews the debate and empirical evidence on the problems that high public debt may cause and the policy options for reducing it. To do so, it starts from the basics regarding the determinants of the evolution of public debt over time, explains under what conditions …Read More

Orkun Saka,(2018),  “Domestic banks as lightning rods? Home bias during the eurozone crisis”, CEPS, 28 Mαρτίου European banks have been criticized for holding excessive domestic government debt during economic downturns, which has been interpreted as indicative evidence of moral suasion. By using a novel bank-level dataset covering the entire timeline of the eurozone crisis, I first re-confirm that the crisis led to the reallocation of sovereign debt from foreign to …Read More