Benassy-Quéré, A. & Vallee, S. (2014) “The Eiffel Group: A Political Community to Rebuild the Architecture of the Euro“, VoxEU Organisation, 27 Μαρτίου. The recent crisis has highlighted some problems in the current structure of the Eurozone, such as the lack of political integration. This column introduces the Eiffel group – a group of French experts – and its call for a ‘political community of the euro’. The economic …Read More
TARGET Balances, Bretton Woods, and the Great Depression
Bordo, M. (2014) “TARGET Balances, Bretton Woods, and the Great Depression“, VoxEU Organisation, 21 Mαρτίου. Since 2007, there has been a buildup of TARGET imbalances within the Eurosystem – growing liabilities of national central banks in the periphery matched by growing claims of central banks in the core. This column argues that, rather than signalling the collapse of the monetary system – as was the case for Bretton Woods …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
The Chartbook of Economic Inequality
Atkinson, T. & Morelli, S. (2014) “The Chartbook of Economic Inequality“, VoxEU Organisation, 26 Μαρτίου. Inequality – long ignored – is now centre stage in debate about economic policy around the globe. This column introduces the Chartbook of Economic Inequality, a summary of long-run changes in economic inequality for 25 countries over more than 100 years. Inequality – long ignored – is now centre stage in debate about economic …Read More
The ECB Should Do QE, Mario? Buy US Bonds, Not Eurobonds
Frankel, J. (2014) “The ECB Should Do QE, Mario? Buy US Bonds, Not Eurobonds“, Άρθρο Γνώμης, VoxEU Organisation, 24 Μαρτίου. The Eurozone needs to further ease monetary policy because under the current low inflation and high unemployment periphery countries need to suffer painful deflation. However, the ECB faces challenges other central banks do not face. This column proposes a way to overcome some of these hurdles. It argues that the …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
European Economic Forecast, Winter 2014
European Commission (2014) “European Economic Forecast, Winter 2014“, Directorate-General for Economic and Financial Affairs, Φεβρουάριος, Βρυξέλλες. Europe’s economic recovery, which began in the second quarter of 2013, is expected to continue spreading across countries and gaining strength while at the same time becoming more balanced across growth drivers. As it is typical following deep financial crises, however, the recovery remains fragile. Nevertheless, recent positive economic news means that the …Read More
Fiscal Policy and Income Inequality
International Monetary Fund (2014) “Fiscal Policy and Income Inequality“, IMF Policy Paper, 23 Ιανουαρίου. EXECUTIVE SUMMARY: Fiscal policy is the primary tool for governments to affect income distribution. Rising income inequality in advanced and developing economies has coincided with growing public support for income redistribution. This comes at a time when fiscal restraint is an important priority in many advanced and developing economies. In the context of the Fund’s …Read More
How much is enough? The case of the Resolution Fund in Europe
Huertas, T. & Nieto, J. M. (2014) “How Much is Enough? The Case of the Resolution Fund in Europe“, Vox: Research-Based Policy Analysis & Commentary from Leading Economists, 18 Μαρτίου. The European Resolution Fund is intended to reach €55 billion – much less than the amount of public assistance required by individual institutions during the recent financial crisis. This column argues that the Resolution Fund can nevertheless be large …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
EU Launches Long-Awaited Overhaul of Megabank Regulation
Spellman, J. (2014) “EU Launches Long-Awaited Overhaul of Megabank Regulation“, The European Institute, EI Blog, Ιανουάριος. The European Union’s long-delayed overhaul of megabank regulation now proposes curtailing or banning the riskiest financial activities in hopes of avoiding a repeat of the 2007-2009 global financial system meltdown. Until now, the post-crisis EU banking reforms had not acted to rein in “too big to fail” banks, focusing instead on establishing a …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Άρθρα Γνώμης
Future of Skills in Europe: Convergence or Polarisation?
Beblavý, M. & Veselkova, Μ. (2014) “Future of Skills in Europe: Convergence or Polarisation?“, Social Welfare Policies, CEPS Working Documents, 27 Φεβρουαρίου. In this Working Paper, based on nearly 20 papers produced by the Centre for European Policy Studies, Slovak Governance Institute and the Conference Board Europe, we examine whether the current trends in the areas of education and skills are pushing the European Union, towards convergence or polarisation. …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Επιστημονικά Άρθρα
Persistent unemployment poses a substantive threat to democracy in Southern European countries
Muro, D. & Vidal Lorda, G. (2014) “Persistent unemployment poses a substantive threat to democracy in Southern European countries“, London School of Economics and Political Science, 13 Μαρτίου 2014. The purpose of competitive elections is to reward good politicians and punish bad ones, but what happens if elections can no longer fulfil this role? Diego Muro and Guillem Vidal write that developments in Southern European countries since the start of …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Επιστημονικά Άρθρα