Danielsson, Jon, Fouché, Morgane, Macrae, Robert, (2015), “The macro-micro conflict”, Voxeu, 20 Οκτωβρίου There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during bad. This column explains that while the macro and micro objectives have always been present in regulatory design, their relative importance has varied according to the changing requirements of economic, financial and political cycles. The conflict between the two seems set to …Read More

Mody, Ashoka, (2015), “Clueless in Europe”, Bloomberg View, 19 Οκτωβρίου Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only “if necessary.” He should stop listening to Europe’s scolds and do the right thing. Σχετικές Αναρτήσεις Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 Οκτωβρίου Weeks, John, (2015). “Euro Deflation …Read More

Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 Οκτωβρίου Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008 financial crisis, is gradually weakening – with far-reaching implications for the European Union. Of course, from a soft-power perspective, the mere fact that people believe Germany is strong bolsters the country’s status and strategic position. But it …Read More