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PostCapitalism: The Economy Of The Future?

Mason, Paul, (2015), “PostCapitalism: The Economy Of The Future?”, Social Europe Journal, 26 Οκτωβρίου Over the past two centuries or so, capitalism has undergone continual change – economic cycles that lurch from boom to bust – and has always emerged transformed and strengthened. Surveying this turbulent history, journalist and Channel 4 economics news editor Paul Mason wonders whether this time capitalism itself has reached its limits and is changing into …Read More

Renzi’s risky budget strategy

Bordignon, Massimo, (2015), “Renzi’s risky budget strategy “, Bruegel publications, 21 Οκτωβρίου The Italian government intends to postpone the fiscal adjustment decided last year in accordance with European authorities, and to increase instead the budget deficit in 2016 by about 0,8 GDP points, from an estimated 1,4% to 2,2% (or even to 2,4%, depending on whether the Commission will grant some extra budget flexibility to cope with the refugee crisis). …Read More

Fixed exchange rates with escape clauses: The political determinants of the European Monetary System realignments

Bodea, Cristina, (2015), “Fixed exchange rates with escape clauses: The political determinants of the European Monetary System realignments”, European Journal of Political Economy, Volume 39, Σεπτέμβριος This paper studies the political economy of realignments to fixed exchange rates and suggests that the use of realignments is less likely when there are political benefits from stable exchange rates and when linkages across other issue areas increase the costs of realignment. More …Read More

Avoiding Another Crisis in the Euro Area: Public and Private Imbalances and National Policy Responses

Kincaida, Russell, Watson, Max, (2015), “Avoiding Another Crisis in the Euro Area: Public and Private Imbalances and National Policy Responses”, Journal of European Integration, 1 Σεπτεμβρίου Early critics of the euro’s design pointed to the disruptive potential — both political and economic — of country-specific shocks in a monetary union that is a far cry from an optimal currency area. The euro crisis has confirmed the risks associated with a …Read More

The macro-micro conflict

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

How will refugees affect European economies?

Huttl, Pia, Leandro, Alvaro, (2015), “How will refugees affect European economies?”, Bruegel publications, 19 Οκτωβρίου What’s at stake: The continuing wave of refugees arriving at the borders of the European Union has sparked discussions all around Europe on how to deal with it, and what the impact will be on the European economies. We review the blog discussions on the economic impact of the refugees, and the challenges that they …Read More

Clueless in Europe

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

Social Policy in the European Union

Anderson, Karen, (2015), “Social Policy in the European Union”, Palgrave-Macmillan publications, Μάρτιος Social policy has become an increasingly prominent component of the European Union’s policy-making responsibilities. Today, for example, a highly developed body of law regulates equal treatment in social security and co-ordinates national security schemes; national health services have opened up to patients and service providers from other states; and rules govern the translation of educational and vocational certificates …Read More

The End of German Hegemony

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

Reviving The EU Social Dimension: A Political Choice

Schellinger, Alexander, (2015),  “Reviving The EU Social Dimension: A Political Choice”, Social Europe Journal , 15 Οκτωβρίου The social dimension of the EU is on the verge of becoming insignificant. At practically all levels there has been a systematic weakening of Social Europe: aims, programmes and instruments have been reduced in the areas of employment policy, labour law and labour relations. The Community is rolling back previous achievements. Workers and trade unions …Read More