Anastasatos, T. & Stamatiou, T. (2014) “Is Deflation a Risk for Greece?”, Economy and Markets, Eurobank Research, Vol. IX, Issue 3, Απρίλιος. Deflation is the occurrence of negative inflation, i.e. the situation in which prices of goods and services are falling in an economy. By contrast, disinflation is a slow-down in the inflation rate. In technical terms, deflation is considered to have occurred when CPI or the GDP deflator …Read More
Why The Recovery Needs Wage Growth
Ozlem Onaran, Ο. & Stockhammer, Ε. (2014) “Why The Recovery Needs Wage Growth“, Social Europe Journal, 21 Μαΐου. Five years after the beginning of the recession real wages in Britain are still well below their pre-crisis level. As of March 2014 real weekly earnings (deflated by the RPI) are at the level of November 2000; that is a staggering 12% below their peak in February 2008. Is that a …Read More
The Politics of Austerity and Public Policy Reform in the EU
Ladi, S. & Tsarouhas, D. (2014) “The Politics of Austerity and Public Policy Reform in the EU, Political Studies Review, 12: 171–180. The European Union (EU) is at a critical juncture that will either trigger further integration or reinforce a mode of intergovernmental cooperation. The spread of market pressure to a growing number of states demonstrates that the crisis needs to be dealt with at the European and not just …Read More
National Accounts at a Glance 2014
OECD (2014) “National Accounts at a Glance 2014“, Organization for Economic Cooperation and Development, 29 Απριλίου. This publication presents information using an “indicator” approach, focusing on cross-country comparisons; the aim being to make the accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented. The range of indicators is set …Read More
EBA 2013 Annual Report
European Banking Authority (EBA) 2013 Annual Report, 21 Μαΐου 2014. This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks’ balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a truly uniform set of …Read More
Facing up to uncertainty in official economic statistics
Manski, C. F. (2014) “Facing up to uncertainty in official economic statistics“, VoxEU Organisation, 21 Μαΐου. Many economic statistics move markets when first released, and move them again when they are revised. This column suggests ways of measuring the transitory statistical uncertainty in estimates of official statistics based on incomplete data and the permanent statistical uncertainty stemming from survey non-response. Government agencies would be doing the public and policymakers …Read More
Resolution threats and bank discipline
Ignatowski, M. & Korte, J. (2014) “Resolution threats and bank discipline“, VoxEU Organisation, 20 Μαΐου. Can a tightening in the bank resolution regime introduce more prudent bank behaviour? This column reviews some arguments for why this could be the case. It presents evidence linking changes in bank resolution regimes with bank behaviour. Tightening of US bank resolution significantly decreased the overall risk-taking of the most affected banks. This effect, …Read More
Europeanisation in Times of Crisis
Saurugger, S. (2014) “Europeanisation in Times of Crisis“, Political Studies Review, 12: 181–192. The aim of this article is to analyse the strengths and weaknesses of Europeanisation studies when used to study periods of crisis. The conceptual consensus surrounding the definition of ‘Europeanisation’, understood as the impact of European integration at the domestic level (the so-called ‘top-down approach’), is put under pressure in a crisis situation, where the salience of …Read More
The Informal Welfare State and the Family: Invisible Actors in the Greek Drama
Lyberaki, A. & Tinios, P. (2014) “The Informal Welfare State and the Family: Invisible Actors in the Greek Drama“. Political Studies Review, 12: 193–208. Are European welfare states, especially in the European periphery, ‘fair-weather systems’? Can they survive a sustained and deep crisis and still fulfil basic functions? This article argues that to answer these questions we must look at the interplay between ‘formal’ and ‘informal’, family-based, social protection. Social …Read More
Poverty and Inequality during the Great Recession in Greece
Matsaganis, M. & Leventi, C. (2014) “Poverty and Inequality during the Great Recession in Greece“. Political Studies Review, 12: 209–223. The severe economic crisis that has been affecting Greece since 2009 is having an unprecedented impact in terms of job and income losses, and is widely perceived to have a comparably significant effect in terms of greater inequality and increased poverty. This article provides an early assessment of whether (and …Read More