International Monetary Fund (2014) “The Fund’s Lending Framework and Sovereign Debt—Preliminary Considerations“, IMF Staff Report, 13 Ιουνίου.   EXECUTIVE SUMMARY Background: As a follow-up to the Executive Board’s May 2013 discussion, this paper considers a possible direction for reform of the Fund’s lending framework in the context of sovereign debt vulnerabilities. The primary focus of this paper relates to the Fund’s exceptional access framework, since it is in this context …Read More

Krugman, P. (2014) “Inflation Targets Reconsidered“, Draft paper for ECB Sintra conference, Μάιος 2014.   Over the course of the1990s many of the world’s central banks converged on an inflation target of 2 percent. Why 2 percent, rather than 1 or 3? The target wasn’t arrived at via a particularly scientific process, but for a time 2 percent seemed to make both economic and political sense. On one side, it …Read More

Δαμανάκη, Μ. (2014) “Η Γαλάζια Ανάπτυξη «κλειδί» στην ευρωπαϊκή ανάκαμψη: Οι προτεραιότητες και ο όρος τού σεβασμού στο περιβάλλον“, Foreign Affairs Hellenic Edition, 30 Μαΐου.   Η παραδοσιακή εκμετάλλευση των θαλάσσιων πόρων ανήκει στο παρελθόν. Στις μέρες μας, χρειάζεται να δώσουμε έμφαση στην βιωσιμότητα των πόρων και στην αξιοποίηση των σύγχρονων τεχνολογιών. Η εξασφάλιση της βιωσιμότητας είναι βεβαίως δύσκολη υπόθεση. Η Ελληνική Προεδρία στην Ευρωπαϊκή Ένωση (Ε.Ε), που εξελίσσεται από …Read More

Hahn, J. (2014) “Public investment under the new EU Cohesion Policy is helping Europe out of the crisis and into growth“, LSE EUROPP, 27 Μαΐου.   The EU’s Cohesion Policy (often referred to as the Regional Policy of the European Union) is one of the most important areas of spending in the EU budget. It aims to improve development and generate growth and employment by funding projects in regions across …Read More

Jacobs, E. (2014) “Twelve Ways to Fix the Youth Unemployment Crisis“, Governance Studies at Brookings, Μάιος.   INTRODUCTION Young Americans are enduring staggeringly high rates of joblessness. The official unemployment rate for 16 to 24 year olds is 14.5 percent, and has been in the double-digits for seven straight years. Over three million young people are unemployed, and many more have dropped out of the labor market entirely. While the …Read More

Leonard, M. & Torreblanca, I. (2014) “The Eurosceptic Surge and How to Respond to It“, Policy Brief, European Council on Foreign Relations, 08 Μαΐου.   Pollsters are predicting a Eurosceptic surge at the European elections, which take place at a time when the European Union is going through the worst economic and political crisis in its history. Although the main pro-European forces want to turn this election into a left–right …Read More

Véron, N. (2014) “European Banking Union: Current Outlook and Short-Term Choices”, Statement presented at the conference “Banking Union and the Financing of the Portuguese Economy,” Assembleia da Republica/ Portuguese Parliament, Lisbon, 26 Φεβρουαρίου.   The launch of Europe’s banking union on June 29, 2012, was arguably the European Union’s most consequential policy initiative since the start of its financial crisis in mid-2007. Banking union, defined as the transfer of banking …Read More