Credit Suisse, (2015), “Global Wealth Databook 2015”, Research Institute, Οκτώβριος An analysis of the global pattern of wealth holdings by individuals requires information on the distribution of wealth within countries. Direct observations on wealth distribution across households or individuals are available for 31 countries. One set of figures was selected for each of these nations, with a preference for the most recent year, and for the most reliable source of information. Summary details are …Read More

IMF, (2015), ” World Economic Outlook”, IMF Research, 6 Οκτωβρίου Six years after the world economy emerged from its broadest and deepest postwar recession, the holy grail of robust and synchronized global expansion remains elusive.  Despite considerable differences in country-specific outlooks, the new forecasts mark down expected near-term growth marginally but nearly across the board. Moreover, downside risks to the world economy appear more pronounced than they did just a few …Read More

Carcea Carpus, Mihaela, Ciriaci, Daria, Lorenzani, Dimitri, Pontuch, Peter, Cuerpo, Carlos, (2015), “The Economic Impact of Rescue and Recovery Frameworks in the EU”, Discussion Paper 004, European Commission publications, 4 Σεπτεμβρίου This paper provides empirical support to the important role of efficient pre-insolvency frameworks in fostering a culture of early restructuring and second chances in EU Member States and the positive impact that this has on entrepreneurship, as well as the timeliness …Read More

International Monetary Fund, (2015), “Euro Area Policies”, IMF Country Report No. 15/204, 27 Ιουλίου The recovery is strengthening, underpinned by lower oil prices and the ECB’s expanded asset purchase program. But the medium-term outlook remains weak, weighed down by the legacies of insufficient demand, lagging productivity, and weak bank and corporate balance sheets. Σχετικές Αναρτήσεις IMF, (2015),  “Greece: An Update of IMF Staff’s Preliminary Public Debt Sustainability Analysis”, July. IMF Country …Read More

Breuss, Fritz, Roeger, Werner,  In ’t Veld, Jan, (2015), “The stabilising properties of a European Banking Union in case of financial shocks in the Euro Area”, European Commission publications, Economic Papers 550, June 2015 This paper analyses the stabilising properties of a European Banking Union in case of financial shocks in the euro area. We compare output losses under national interventions (‘bail-out’) with resolution mechanisms included in the banking union, namely resolution via the euro area’s …Read More

Pichelmann, Karl, (2015), “When ‘Secular Stagnation’ meets Piketty’s capitalism in the 21st century. Growth and inequality trends in Europe reconsidered”, European Commission publications, Economic Papers 551, June 2015 Europe not only continues to struggle to leave the legacies of the crisis behind it; economic growth remains also weighed down by unfinished macroeconomic adjustment and sluggish implementation of reforms, as well as long-standing poor productivity growth trends. Against that background, the spectre of “secular stagnation” has …Read More

Briciu, Lucian, Lisi, Giulio, (2015), “An event-study analysis of ECB balance sheet policies since October 2008”, European Commission publications, Economic Brief 001, July 2015 Using an event-study approach, this paper provides an impact analysis of seven sets of balance sheet policies (BSPs) launched by the ECB between October 2008 and January 2015. According to the event-study results, the set of ECB BSPs announced in 2014 had the broadest immediate impact on euro area financial conditions, though possibly …Read More