Bova, Elva,  Tovar Jalles, João, Kolerus, Christina,(2016), “Shifting the Beveridge Curve : What Affects Labor Market Matching?“, IMF WP/16/9, Απρίλιος This paper explores conditions and policies that could affect the matching between labor demand and supply. We identify shifts in the Beveridge curves for 12 OECD countries between 2000Q1 and 2013Q4 using three complementary methodologies and analyze the short-run determinants of these shifts by means of limited-dependent variable models. We find that …Read More

Eichhorst, Werner, Marx, Paul, Wehner, Caroline,(2016), “Labor Market Reforms in Europe: Towards More Flexicure Labor Markets?”, IZA DP No. 9863, Απρίλιος Labor market segmentation refers to a salient divide between secure and insecure jobs and is related to problems in important areas, including macro‐economic efficiency, workers’ wellbeing and repercussions for social cohesion. European countries have started a new wave of labor market reforms in the aftermath of the 2008/09 crisis to tackle …Read More

Maris, Georgios, Sklias,Pantelis, (2016), “France, Germany and the New Framework for EMU Governance”, Journal of Contemporary European Studies/Volume 24, Issue 1, 2016, Απρίλιος The European crisis is the best case study for examining both the vulnerabilities of Europe’s framework for economic governance and the very process of European integration itself. This statement is true for several reasons: first, because the European crisis is the most serious crisis the European Union has …Read More

Ichiue, Hibiki, Lambert, Frederic, (2016), ” Post-crisis International Banking: An Analysis with New Regulatory Survey Data”, IMF WP/16/88, Απρίλιος Foreign bank lending has stopped growing since the global financial crisis. Changes in banks’ business models, balance-sheet adjustments, as well as the tightening of banking regulations are potential drivers of this prolonged slowdown. The existing literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending through regulatory …Read More

Falkner, Gerda, (2016), “The EU’s current crisis and its policy effects: research design and comparative findings”, Journal of European Integration, 24 Μαρτίου The paper summarises a collaborative international research project comparing the impact of the ongoing conglomerate of crises in nine EU policies. All of them saw significant crisis-induced pressures and challenges. Beyond changes in discourse, the crisis-induced pressures have, in many areas, also triggered a rather sizable amount of policy …Read More

Demary, Markus, Hornik, Joanna, Watfe,Gibran, (2016), “SME Financing in the EU: Moving beyond one-size-fits-all”, Bruges European Economic Policy Briefings 40 / 2016, The proposal for a European Capital Markets Union (CMU) carries large potential economic benefits from enhancing the financing possibilities for Small and MediumSized Enterprises (SMEs). By deepening the capital markets and strengthening crossborder integration, the European Commission hopes to stimulate economic growth and boost employment. In this paper, we …Read More

Beetsma, Roel M.W.J., Debrun, Xavier, (2016), “Fiscal Councils: Rationale and Effectiveness”, IMF WP/16/86, Απρίλιος The paper discusses the effectiveness of independent fiscal institutions—or fiscal councils—in taming the deficit bias that emerged in the 1970s. After a review of the main theoretical arguments and recent trends about fiscal councils, we develop a stylized model showing how a fiscal council can effectively mitigate the deficit bias even though it has no direct lever on …Read More

Haffert, Lukas, (2016), “Permanent Budget Surpluses as a Fiscal Regime“, MPIfG Discussion Paper 16/1, Φεβρουάριος This paper challenges the focus on budget deficits that permeates the literature on fiscal policy. It analyzes countries running budget surpluses and asks why some of them preserved these surpluses while others did not. Whereas several OECD members recorded surpluses for just a few years, balanced budgets became the norm in Australia, Canada, Denmark, Finland, New Zealand, and …Read More

Christiansen, Lone Engbo, Lin, Huidan, Pereira, Joana, Topalova, Petia, Turk,  Rima, (2016), “Gender Diversity in Senior Positions and Firm Performance : Evidence from Europe “, IMF Working Papers:2016/50Series, Μάρτιος This paper examines the link between gender diversity in senior corporate positions and financial performance of 2 million companies in Europe. We document a positive association between corporate return on assets and the share of women in senior positions and establish …Read More