Hancké, B. (2014) “Two years after Mario Draghi’s ‘whatever it takes’ moment, the Eurozone is once again staring into the abyss“, LSE EUROPP, 21 Οκτωβρίου.   Growth in the Eurozone has declined significantly over recent months, raising fears that Europe could be heading toward another economic crisis. Bob Hancké writes on what it would take to generate growth in Eurozone states. He argues that the best – and possibly only …Read More

Ghosh, R. A., Qureshi Saeed, M. & Sugawara, N. (2014) “Regulating Capital Flows at Both Ends: Does it Work?“, IMF Publications, Working Paper 14/188, 17 Οκτωβρίου.   This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateral cross-border …Read More

Jordana, J. & Rosas, G. (2014) “Making regulatory agencies independent is not always a recipe for better decision-making“, LSE EUROPP, 16 Οκτωβρίου.   The principle of making certain bodies independent from government, such as regulatory agencies or central banks, has become popular in a number of contexts over recent decades. As Jacint Jordana and Guillermo Rosas write, the basic assumption underpinning the principle is that electoral pressures can have a …Read More

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

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, 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

Gros, D. (2014) “Fighting Deflation: Would QE work in the euro area?“, Economic Policy, CEPS Commentaries, 09 Οκτωβρίου.   With inflation in the eurozone stubbornly remaining on a downward trajectory, pressure is growing on the ECB to do “something” to prevent outright deflation. But, given the financial structure of eurozone countries, would the preferred “something” – quantitative easing – actually do the trick?   Σχετικές αναρτήσεις: Wyplosz, C. (2014) “Is …Read More

Barslund, M. & Busse, M. (2014) “Making the Most of EU Labour Mobility“, Social welfare policies, CEPS Task Force Reports, 07 Οκτωβρίου.   This Task Force report combines the most recent data from Eurostat with national sources to highlight the most significant labour mobility trends within the EU. Overall, the recent recession has not induced previously immobile workers to become more mobile, at least not in the larger member states. …Read More

Zaiotti, R. (2014) “Europe is suffering from a psychological blind spot over migration in the Mediterranean“, LSE EUROPP, 10 Οκτωβρίου.   The death of migrants in the Mediterranean remains a significant problem for EU migration policy. Ruben Zaiotti argues that Europe’s approach to the issue can effectively be termed a type of ‘externalisation’, in which the responsibility for migration has been off loaded to origin and transit countries. He writes …Read More