Financial structure and growth revisited

2 Φεβρουαρίου, 2016

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Langfield, Sam, Pagano, Marco, (2016), “Financial structure and growth revisited”, Voxeu, 1 Φεβρουαρίου Why is growth in Europe so low? Among the contributing factors, this column highlights the role of financial structure. Intermediation in Europe is heavily bank-based, and the authors’ novel empirical findings indicate that such a structure exerts a negative effect on long-run economic growth and exacerbates its response to sharp drops in real estate prices. The findings support policymakers’ efforts to rebalance …Read More

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The Three Fears Sinking Global Markets

1 Φεβρουαρίου, 2016

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Kaletsky, Anatole, (2016), “The Three Fears Sinking Global Markets”, Social Europe Journal, 1 Φεβρουαρίου January is usually expected to be a good month for stock markets, with new money gushing into investment funds, while tax-related selling abates at the end of the year. Although the data on investment returns in the United States actually show that January profits have historically been on only slightly better than the monthly norm, the widespread belief …Read More

Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Άρθρα Γνώμης

Fiscal cost of refugees in Europe

1 Φεβρουαρίου, 2016

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Ruist, Joakim, (2016), “Fiscal cost of refugees in Europe”, Voxeu, 28 Ιανουαρίου The current inflow of refugees into Europe has left policymakers in disagreement over how to react. A major concern is the perceived financial burden that can result from large intakes. This column discusses the fiscal impact of refugees on the Swedish economy. The current net redistribution from the non-refugee population to refugees (excluding arrivals in 2015) is estimated to …Read More

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A Nordic laggard can yet forge ahead with reforms

1 Φεβρουαρίου, 2016

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Economist, (2016), “A Nordic laggard can yet forge ahead with reforms”, Economist, 1 Φεβρουαρίου THE harbour may be frozen, but that does not stop a ferry with a few intrepid tourists on board from making its way through the ice to Suomenlinna, a former fortress and popular sight-seeing spot near Helsinki. Finns, whose country stretches from the Baltic Sea to the Arctic, are inured to hostile conditions, but their economy …Read More

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The Case For Universal Support For European Families

1 Φεβρουαρίου, 2016

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Arendt, Daphne, (2016), “The Case For Universal Support For European Families”, Social Europe Journal, 1 Φεβρουαρίου Austerity measures introduced during the crisis have disproportionately concerned cuts in the measures that are most vital for reducing child poverty: cash and tax benefits, a new Eurofound report shows. Furthermore, there has been a move away from universal coverage towards more targeted support. Of course, it makes good sense for governments to target …Read More

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The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?

29 Ιανουαρίου, 2016

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Hagedorn, Marcus, Manovskii, Iourii, Mitman, Kurt, (2016), “The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?”, Centre for Economic Policy Research, Ιανουάριος. We measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the variation induced by Congress’ failure in December 2013 to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Federal benefit extensions that ranged from 0 to 47 weeks across …Read More

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How Much Debt Is Too Much?

29 Ιανουαρίου, 2016

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Skidelsky, Robert, (2016), “How Much Debt Is Too Much?”, Social Europe, 29 Ιανουαρίου. Is there a “safe” debt/income ratio for households or debt/GDP ratio for governments? In both cases, the answer is yes. And in both cases, it is impossible to say exactly what that ratio is. Nonetheless, this has become the most urgent macroeconomic question of the moment, owing not just to spiraling household and government debt since 2000, but …Read More

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The crisis and regional employment in Europe: what role for sheltered economies?

29 Ιανουαρίου, 2016

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Fratesi, Ugo, Rodríguez-Pose, Andrés, (2016), “The crisis and regional employment in Europe: what role for sheltered economies?”, Centre for Economic Policy Research, Ιανουάριος. This paper examines how the evolution of employment trends in the regions of Europe since the outbreak of the crisis may have been shaped by the emergence of sheltered economies in certain regions of Europe in the pre-crisis period. The paper uses descriptive and econometric analysis to determine the relationship …Read More

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Analysis of developments in EU capital flows in the global context

29 Ιανουαρίου, 2016

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Darvas, Zoslt, Merler, Sylvia, Huttl, Pia, Walsh, Thomas, (2016), “Analysis of developments in EU capital flows in the global context”, Bruegel, 28 Ιανουαρίου Free movement of capital, which is one of the four fundamental economic freedoms of the European Union, can enhance welfare if it leads to better allocation of financial and productive resources. However, it can also be a source of vulnerability, with far-reaching spillovers. Monitoring and assessing capital …Read More

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On the correction of Eurozone external imbalances and the pitfalls of bilateral imbalance measures

29 Ιανουαρίου, 2016

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Di Mauro, Filippo, Nagengast, Arne, Stehrer, Robert, (2016), “On the correction of Eurozone external imbalances and the pitfalls of bilateral imbalance measures”, Voxeu, 29 Ιανουαρίου Now the worst of the Eurozone Crisis has passed, one question that emerges is whether improving current account balances should be an objective for policymakers. And if so, what tools are available? This column argues that because of the emergence of global value chains, trade imbalances within the Eurozone …Read More

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