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European Integration in Times of Crisis-Theoretical perspectives

Ioannou, Demosthenes, Leblond, Patrick, Niemann, Arne, (2015), “European Integration in Times of Crisis-Theoretical perspectives”, International Political Economy Series, Routledge publications, 4 Σεπτεμβρίου Few events over the past few decades have given rise to an amount of debate and speculation concerning the state of the European Union (EU) and the future of European integration as the economic and financial crisis that began in 2007. In spite of substantial media, policy-making and …Read More

The global productivity slump: Common and country-specific factors

Eichengreen, Barry, Park, Donghyun, Shin, Kwanho, (2015), “The global productivity slump: Common and country-specific factors”, Voxeu, 17 Σεπτεμβρίου Productivity growth is slowing down around the world. The question is what lies behind this phenomenon and if it can be reversed. This column takes a historic perspective on total factor productivity growth slowdowns to suggest that global factors may play a role in the problem. Factors that are negatively associated with TFP slumps include educational attainment, …Read More

The Economic Impact of Rescue and Recovery Frameworks in the EU

Carcea Carpus, Mihaela, Ciriaci, Daria, Lorenzani, Dimitri, Pontuch, Peter, Cuerpo, Carlos, (2015), “The Economic Impact of Rescue and Recovery Frameworks in the EU”, Discussion Paper 004, European Commission publications, 4 Σεπτεμβρίου This paper provides empirical support to the important role of efficient pre-insolvency frameworks in fostering a culture of early restructuring and second chances in EU Member States and the positive impact that this has on entrepreneurship, as well as the timeliness …Read More

Deepening Neoliberalism, Austerity, and Crisis-Europe’s Treasure Ireland

Murphy, Enda, Mercille, Julien, (2015), “Deepening Neoliberalism, Austerity, and Crisis-Europe’s Treasure Ireland”, International Political Economy Series, Palgrave-Macmillan publications, Ιούλιος This is a book about power. It demonstrates how political and economic elites have used the 2008 crisis as an opportunity to deepen and extend neoliberal ideas and practices. From bank bailouts to austerity, Europe’s and Ireland’s response to the economic crisis has been engineered specifically to shift the burden of paying for a …Read More

Building a Better Union : Incentivizing Structural Reforms in the Euro Area

Banerji, Angana, Barkbu, Bergljot, John, James, Kinda, Tidiane, Saksonovs, Sergejs, Schoelermann, Hanni, Wu, Tao, (2015), “Building a Better Union : Incentivizing Structural Reforms in the Euro Area”, IMF publications-Working Papers, 11 Σεπτεμβρίου The momentum for structural reforms is waning in the euro area at a time when even faster progress is needed to boost productivity and growth, achieve real economic convergence, and improve the resilience of the monetary union. What can the European Union (EU) institutions do to bridge this divide? This paper …Read More

The Global Division of Labour-Development and Inequality in World Society

Münch, Richard, (2015), ” The Global Division of Labour-Development and Inequality in World Society”, International Political Economy Series, Palgrave-Macmillan publications, Νοέμβριος Global free trade is one of the most controversial phenomena of our time. Supporters of economic liberalism believe that it will provide affluence for all regions of the globe; its critics view it as the driving force of increasing inequality, societal disorganization and ecological damage. Richard Münch offers a new theory …Read More

The then and now of tightening cycles

Cohen-Setton, Jeremie, (2015), “The then and now of tightening cycles”, Bruegel publications, 14 Σεπτεμβρίου What’s at stake: This week the Fed will be considering whether to raise its interest rate for the first time in nearly a decade. In a volatile context, the outcome of the struggle between those who want to normalize policy ASAP and those who worry about moving too quickly will be watched closely as it could …Read More

The Global Financial Crisis

Zestos, George, (2015), “The Global Financial Crisis”, International Political Economy Series, Routledge publications, 12 Οκτωβρίου Although banking and sovereign debt crises are not unusual, the crisis that has unfolded across the world since 2007 has been unique in both its scale and scope. It has also been unusual in being both triggered by, and mainly affecting, developed economies. Starting with the US subprime mortgage crisis, and the recession in 2007-2009, …Read More

The Eurozone: Looking For The Sovereign

Leron, Nicolas, Aglietta, Michel, (2015), “The Eurozone: Looking For The Sovereign”, Social Europe Journal, 11 Σεπτεμβρίου The Eurozone – because it remains an incomplete construct – has reached a critical point where its very existence is at stake. The Greek crisis and its never-ending drama, with the July 5 referendum, the “Grexit” strategy of some member states, the July 13 in extremis agreement and the vote in favour of a third aid …Read More

Why the Fed targets 2% inflation

Economist, (2015), “Why the Fed targets 2% inflation”, The Economist explains, 13 Σεπτεμβρίου ON SEPTEMBER 17th the Federal Reserve will conclude a two-day, rate-setting meeting at which it just might raise its benchmark interest rate for the first time in more than nine years. Arguing in favour of a hike is the low unemployment rate, which fell to 5.1% in August. Arguing against it is the rate of inflation which, …Read More