Misik, Robert, (2016), “Caputalism: Will Capitalism Die? “,  Social Europe Journal, 12 Ιανουαρίου. The fact that western capitalism is in a severe crisis is now so commonplace that it’s become almost a cliché. In 2008 the global financial system stood on the brink of collapse and the rescue measures undertaken by panic-stricken governments will burden their economies for years to come. Σχετικές Αναρτήσεις Hodgson, Geoffrey, (2015), “Conceptualizing Capitalism-Institutions, Evolution, Future”, …Read More

Bloombeg View, (2016), “Poland Needs an Independent Central Bank”, 11 Ιανουαρίου In the two months since it won an absolute majority in parliament, Poland’s Law and Justice Party has seemed more intent on achieving something close to absolute power. Σχετικές Αναρτήσεις Wyplosz, Charles, (2015), “Grexit: The staggering cost of central bank dependence”, Voxeu, 29 Ιουνίου Merler, S. (2014) “Shrinking times – ECB excess liquidity falls below €100 billion”, Bruegel Think Tank, 24 …Read More

Wolff, Guntram, (2016), “Getting eurozone deposit insurance right promises benefits”, Bruegel, 5 Ιανουαρίου The European Commission presented its proposals for European deposit insurance last November. Officials hope to stabilise the banking system and decouple banks’ financing costs from the solvency of their host states. This would achieve the original aim of Banking Union: to break the link between states and their banking systems. Σχετικές Αναρτήσεις Gros, Daniel, Belke, Ansgar, (2015), …Read More

Best, Michael, Brockmeyer, Anne, Kleven, Henrik, Spinnewijn, Johannes, Waseem, Mazhar, (2016) “Designing tax policy in high-evasion economies”, VoxEU, 5 Ιανουαρίου Developing economies are characterised by low tax revenue and widespread tax evasion. This column assesses what tax policy instruments governments should use to raise revenue. Optimal tax policy in developing countries may diverge from what is prescribed in standard textbook models. A turnover tax, for instance, is known to distort …Read More

Stiglitz, Joseph, (2016), “The Great Malaise Continues”, Project Syndicate, 3 Ιανουαρίου The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed to avoid a meltdown over Greece, but its near-stagnation has continued, contributing to what surely will be viewed as a lost decade. Σχετικές Αναρτήσεις Dixon, H. (2014) “A New …Read More

Friedman, Alexander, (2015), “How the Fed Just Reduced Inequality”, Project Syndicate, 16 Δεκεμβρίου The US Federal Reserve has finally done it, raising interest rates for the first time in almost a decade. The ramifications for interest-rate spreads, emerging-market equities, and housing demand, among much else, are the subject of widespread debate. But, as markets learn to cope with a less accommodative monetary policy, there could be an important silver lining, …Read More