Persaud, D. A. (2014) “Why We Must Break Up the Financial Herd“, Peterson Institute for International Economics – Article in QFinance, 16 Οκτωβρίου. Background Memories are short. But those in finance are even shorter. Before the credit crunch began in 2007, policymakers in advanced economies were flirting with the idea that we should just accept that financial crises occur every seven years or so and plan accordingly, as seeking …Read More
The German ship is sinking under the weight of its own delusions
Mitchell, B. (2014) “The German ship is sinking under the weight of its own delusions“, Bill Mitchell Blog: Modern Monetary Theory… Macroeconomic Reality Blog, 16 Οκτωβρίου. Eurostat’s recent publication (October 14, 2014) – Industrial production down by 1.8% in euro area – rightfully sends further alarm bells throughout policy makers in Europe, except I suppose Germany where denial seems to be rising as its industrial production levels fall to …Read More
Regret and economic decision-making
Strack, P. & Viefers, P. (2014) “Regret and economic decision-making“, VoxEU Organisation, 16 Οκτωβρίου. Regret can shape preferences and thus is an important part of the decision-making process. This column presents new findings on the theoretical and behavioural implications of regret. Anticipated regret can act like a surrogate for risk aversion and could deter investment. However, once people have invested, they become attached to their investment. This commitment is …Read More
Χρονολόγιο: η Εξέλιξη της Οικονομικής Διακυβέρνησης της ΕΕ στο Ιστορικό της Πλαίσιο,
Χρονολόγιο: η Εξέλιξη της Οικονομικής Διακυβέρνησης της ΕΕ στο Ιστορικό της Πλαίσιο, Ευρωπαϊκή Επιτροπή, 16 Οκτωβρίου 2014. Η οικονομική διακυβέρνηση της ΕΕ έχει ενισχυθεί και αναθεωρηθεί με την πάροδο του χρόνου, εξελισσόμενη κι’ αυτή στα πλαίσια των ιστορικών εξελίξεων. Το παρακάτω χρονοδιάγραμμα είναι διαδραστικό (στην πρωτότυπη πηγή του: βλ. εδώ). Πολλά από τα κείμενα περιλαμβάνουν συνδέσμους προς τη σχετική νομοθεσία, καθώς και επιπρόσθετες λεπτομέρειες-πληροφορίες. Εδώ μπορείτε να κατεβάσετε το …Read More
The mythical Phillips curve?
Wren-Lewis, S. (2014) “The mythical Phillips curve?“, Mainly Macro Blog, 14 Οκτωβρίου. Suppose you had just an hour to teach the basics of macroeconomics, what relationship would you be sure to include? My answer would be the Phillips curve. With the Phillips curve you can go a long way to understanding what monetary policy is all about. My faith in the Phillips curve comes from simple but highly plausible …Read More
Maximising happiness does not maximise welfare
Glaeser, Ε., Gottlieb, J. & Ziv, O. (2014) “Maximising happiness does not maximise welfare“, VoxEU Organisation, 15 Οκτωβρίου. Governments are now measuring happiness, or subjective wellbeing, and some have begun trying to maximise it. This column discusses recent research showing that happiness is not the same thing as utility. The choices people make suggest that they have desires and objectives other than happiness. It is therefore possible to make …Read More
The sources of firms’ success
Hottman, C., Redding, S. & Weinstein, E. D. (2014) “The sources of firms’ success“, VoxEU Organisation, 14 Οκτωβρίου. Recent research highlights that important factors for firm size are costs, quality, markups, and product scope. This column explores the sources that make these factors differ across firms. Quality and in particular, variation in the product scope, is the chief determinant of firm sales. Marginal cost variations do not matter much …Read More
Southern Europe and the Financial Earthquake – Coping with the First Phase of the International Crisis
Verney, S., Bosco, A. & Lobo, M. C. (Eds.) (2014) “Southern Europe and the Financial Earthquake – Coping with the First Phase of the International Crisis“, South European Society and Politics, Routledge Publications, Οκτώβριος. Following the outbreak of the international financial crisis, Southern Europe became an epicentre of economic instability and international concern. The prospect of a sovereign debt default in the eurozone’s ‘flaky fringe’ sent shock waves through …Read More
Law And Solidarity: Reflections On August 1914
Deakin, S. (2014) “Law And Solidarity: Reflections On August 1914“, Social Europe Journal, 13 Οκτωβρίου. On the occasion of the centenary of the outbreak of the war in Europe, it is my great privilege to give this address to the graduating Masters class of 2014, and to continue the historic ties between Cambridge and Louvain. A century ago, our two universities stood in solidarity against the common threat of …Read More
Mapping youth transitions in Europe
Eurofound (2014) Mapping youth transitions in Europe, Publications Office of the European Union: Luxembourg, 14 Οκτωβρίου. Young people in Europe continue to experience great difficulties in entering the labour market. Although the youth unemployment rate in a few Member States has started to fall, overall 23% of young European job-seekers aged 15–24 could not find a job in January 2014. In 2012, 14.6 million young people across Europe were …Read More