Khan Mehreen, (2017), “Eurozone unemployment falls to its lowest rate in 8 years”, Financial Times, 3 Απριλίου More than 1m people have been lifted out of unemployment in the eurozone during the past year, pushing the jobless rate to the lowest in almost eight years and underscoring how the economic recovery is gathering pace across the bloc. Factories in the eurozone also enjoyed another bumper month, reporting their highest levels …Read More
Did the crisis permanently scar the Portuguese labour market? Evidence from a Markov-switching Beveridge curve analysis
Vansteenkiste, Isabel, (2017), “Did the crisis permanently scar the Portuguese labour market? Evidence from a Markov-switching Beveridge curve analysis”, ECB, Απρίλιος In this paper we analyse to what extent the outward shift in the Portuguese Beveridge curve since 2007 has been due to structural or cyclical factors and how likely the outward shift will persist. We do this by empirically estimating the Beveridge curve in a Markov-switching panel setting with time-varying …Read More
Labor Market Institutions and the Cost of Recessions
Scheffel, Martin, Krebs, Tom, (2017), “Labor Market Institutions and the Cost of Recessions”, IMF, 3 Απριλίου This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The theoretical analysis shows that …Read More
Fiscal Crises
Farah-Yacoub, Juan, Gerling, Kerstin, A Medas, Paulo, Poghosyan, Tigran, Xu, Yizhi, (2017), “Fiscal Crises”, IMF, 3 Απριλίου A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries (LIDCs) that have been mostly ignored in the past. Countries faced …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
After The Rome Declaration: A Union – Not A State
Fabbrini , Sergio, (2017), “After The Rome Declaration: A Union – Not A State”, Social Europe, 4 Απριλίου The Declaration recites: “We will act together, at different paces and intensity where necessary, while moving in the same direction, as we have done in the past, in line with the Treaties and keeping the door open to those who want to join later. Our Union is undivided and indivisible”. Indeed, the …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Financial Transactions Taxes Make the Economy More Efficient
Baker, Dean, (2017), “Financial Transactions Taxes Make the Economy More Efficient”, CEPR, 3 Απριλίου The government of Belgium is arguing that trades by these funds should not be subject to the tax. This objection makes little sense if the goal of the Belgium government is actually to protect the pension funds. Of course it is a great line of argument if the point is to sabotage the FTT while appearing to …Read More
The conduct of monetary policy in a diverse monetary union
Perotti , Enrico, (2017), “The conduct of monetary policy in a diverse monetary union”, Vox EU, 4 Απριλίου The monetary union of the euro has been established between very diverse countries. In itself, diversity is a positive feature, since variation in comparative advantages enables more risk sharing and gains from enhanced trade (Alesina and la Ferrara 2005). Yet European countries also differ in terms of institutional quality. This difference is …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Η ΕΚΤ δεν αλλάζει πολιτική λόγω Νότου
Καθημερινή, (2017), “Η ΕΚΤ δεν αλλάζει πολιτική λόγω Νότου”, Καθημερινή, 30 Μαρτίου Σήμερα, το επιτόκιο δανεισμού για τα χρήματα που καταθέτουν οι εμπορικές τράπεζες στην ΕΚΤ ανέρχεται στο -0,4%. Η μοναδική αλλαγή που έκανε η ΕΚΤ στη συνεδρίαση της 9ης Μαρτίου ήταν να αφαιρέσει από την ανακοίνωση Τύπου τη φράση που έλεγε πως αν επιδεινωθεί η κατάσταση στην οικονομία, τότε θα μπορούσε να χαλαρώσει ακόμη περισσότερο τη νομισματική της πολιτική, …Read More
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Employment ins and outs in OECD countries
Garda, Paula, (2017), “Employment ins and outs in OECD countries”, OECD, 30 Μαρτίου The paper Garda (2016) “The Ins and Outs of employment in 25 OECD country” uses household surveys for 25 OECD countries to analyse cross-country differences in the transitions between employment, unemployment and economic inactivity for individuals. Between 2005 and 2012, the annual probability of leaving employment averaged 10% across OECD countries. Jobless people have an average 30% …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Central bank communication in a low interest rate environment
Benoît Cœuré, (2017), “Central bank communication in a low interest rate environment”, Bruegel, 31 Μαρτίου Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at an event organised by Bruegel, Brussels, 31 March 2017 Σχετικές Αναρτήσεις Blanke, Jennifer, Krogstrup, Signe, (2016), “Negative interest rates: absolutely everything you need to know”, World Economic Forum, 2 Νοεμβρίου Barwell, Richard, (2016), “No hawks, no doves, only consensus: How central banks set …Read More
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