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EU Mobile Workers: A challenge to public finances?

Cinzia Aldixi and Daniel Gros, (2019), «EU Mobile Workers: A challenge to public finances?», CEPS, Contribution for informal ECOFIN, Bucharest 5-6 April This contribution analyses recent trends in labour mobility within the EU and considers the challenges it generates in sending countries. It finds that mobile workers abroad can make a significant contribution to the GDP of their host countries and that the incomes of mobile citizens abroad can be …Read More

Immigration and preferences for redistribution in Europe

Alberto Alesina, Elie Murard and Hillel Rpoport, (2019), «Immigration and preferences for redistribution in Europe», VoxEU, 8 Απριλίου A large literature shows that generosity, both public and private, is more freely extended within the same group rather than across groups. This column examines how immigration affects natives’ attitudes towards redistribution and the implications for welfare states in Europe. The main finding is that in regions which have received a larger …Read More

‘Full and good employment’ and reviving the European ideal

Laura Pennacchi, 92019), «‘Full and good employment’ and reviving the European ideal», Social Europe, 4 Απριλίου Treating employment as a right to be guaranteed by the state, as postulated in many European constitutions, is radically different from the paternalistic alternative, focused on providing monetary benefits to those lacking work. Bringing the centre of gravity back to employment and rejecting the purported inevitability of the jobless society intrinsic to the spontaneous …Read More

Europe’s big election mess

David M. Herszenhorn and Maïa de La Baume, (2019), «Europe’s big election mess», Politico, 4 Απριλίου The Juncker Commission doesn’t end until Halloween, but the scary season for Europe’s political elite is already underway. Polls suggest May’s European Parliament election will deliver chaotic results, including unprecedented gains for far-right and populist parties that will force the major pro-EU groups to reach wider than ever to form a majority coalition. Σχετικές …Read More

Με ευνοϊκούς όρους τα νέα φθηνά δάνεια από την ΕΚΤ

Η Καθημερινή, (2019), «Με ευνοϊκούς όρους τα νέα φθηνά δάνεια από την ΕΚΤ», 6 Απριλίου Με το Eurogroup να ανησυχεί όλο και περισσότερο για πιθανή ύφεση στην Ιταλία και για στασιμότητα της οικονομίας στη Γερμανία, η ΕΚΤ θα αναγκαστεί να πληρώσει τις τράπεζες της Ευρωζώνης για να μεταφέρουν στην πραγματική οικονομία τα νέα μακροπρόθεσμα δάνεια που θα τους χορηγήσει το φθινόπωρο. Σχετικές Αναρτήσεις Νατάσα Στσινού, (2019), «Η FED, η ΕΚΤ …Read More

An EU tax credit to preserve incentives for investment in human capital in the context of intra-EU migration

Debora Revoltella, Philipp-Bastian Brutscher and Patricia Wruuck, (2019), «An EU tax credit to preserve incentives for investment in human capital in the context of intra-EU migration», VoxEU, 5 Απριλίου Spending on education underpins the formation of human capital. But intra-EU labour mobility means that returns to such spending often accrue somewhere other than where the investment takes place, which can lead to sub-optimal levels of investment in countries that are …Read More

Η Ιταλία παραμένει ο μεγάλος ασθενής της Ευρώπης

Η Καθημερινή, (2019), «Η Ιταλία παραμένει ο μεγάλος ασθενής της Ευρώπης», 5 Απριλίου Σε δύσκολη θέση βρίσκεται η ιταλική κυβέρνηση, καθώς αναγκάζεται να αναθεωρήσει προς τα κάτω τις προβλέψεις για ανάπτυξη και προς τα πάνω τις προβλέψεις για το έλλειμμα στον προϋπολογισμό του 2019. Παράλληλα, τα μέτρα στήριξης που εξετάζει η Ρώμη δεν επαρκούν για να επαναφέρουν την οικονομία σε δυναμική τροχιά. Σχετικές Αναρτήσεις Γ. Αγγέλη, (2019), «Αυξάνονται οι πιθανότητες …Read More

ECB Seen Paying Banks to Make Loans Amid Bleak Economic Outlook

Carolynn Look and Catarina Saraiva, (2019), «ECB Seen Paying Banks to Make Loans Amid Bleak Economic Outlook», 5 Απριλίου The European Central Bank will pay banks to lend as it tries to find ways to support economic growth that looks increasingly shaky, according to a survey. The cost of new long-term funding for banks which raise credit growth above a certain level will be lower than the main refinancing rate, …Read More

Quantitative easing and the ‘hot potato’ effect: Evidence from euro area banks

Ellen Ryan and Karl Whelan, (2019), «Quantitative easing and the ‘hot potato’ effect: Evidence from euro area banks», VoxEU, 5 Απριλίου The EU’s asset purchase programme saw its central banks’ reserve balances increase to unprecedent levels. This column analyses the response of banks in the euro area to this expansion in system-wide reserves, in particular whether they absorbed the excess liquidity or tried to push it off their balance sheets. …Read More

Secular stagnation and the future of economic stabilisation

Ines Goncalves Raposo, (2019), » Secular stagnation and the future of economic stabilisation», Bruegel, 1 Απριλίου Larry Summers’ and Łukasz Rachel’s most recent study documents a secular fall in neutral real rates in advanced economies. According to the authors, this fall would be even more marked in the absence of offsetting fiscal policies. Policymaking in a world of permanently low interest rates may be hard to navigate, especially in troubled …Read More