Mazzolini, G. & Mody, A. (2014) “Austerity Tales: the Netherlands and Italy“, Bruegel Think Tank, 03 Οκτωβρίου. The analysis in this article warns that the deflation is likely to be a country-specific phenomenon, requiring counter measures at the country level In 2008 and early-2009, most euro area countries joined in an internationally-coordinated stimulus of the global economy to ward off the menacing crisis. But by late-2009, especially after the …Read More
The German Constitutional Court’s decision on OMT: Have markets misunderstood?
Siekmann, H. & Wieland, V. (2014) “The German Constitutional Court’s decision on OMT: Have markets misunderstood?“, Centre for Economic Policy Research, Policy Insight No. 74, Οκτώβριος. The European Central Bank’s announcement of the Outright Monetary Transactions (OMT) program in summer 2012 is widely credited, not least by the ECB itself, as a key factor in the subsequent decline of sovereign risk premia in the Eurozone. Following the February 2014 …Read More
Where danger lurks
Blanchard, O. (2014) “Where danger lurks“, International Monetary Fund, Finance and Development, Σεπτέμβριος. The recent financial crisis has taught us to pay attention to dark corners, where the economy can malfunction badly Until the 2008 global financial crisis, mainstream U.S. macroeconomics had taken an increasingly benign view of economic fluctuations in output and employment. The crisis has made it clear that this view was wrong and that there is …Read More
Europe’s Losing Battle For Recovery
Andrews, N. (2014) “Europe’s Losing Battle For Recovery“, Evergreen Gavekal, Daily The wobble in world markets continues, with stock indices across all time zones down steeply in recent sessions. Investors are not only realigning their exposure in anticipation of tighter liquidity conditions as the US Federal Reserve finally brings its asset purchases to a close later this month. After today’s European Central Bank (ECB) meeting they are also looking …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Who is afraid of the Asset Quality Review? Potential Losses and Capital Shortfalls in the European Banking System
Bonczek, T., Fuest, C. & Schröder, M. (2014) “Who is afraid of the Asset Quality Review? Potential Losses and Capital Shortfalls in the European Banking System“, Centre for European Economic Research, Discussion Paper No. 14-074 , Οκτώβριος. The creation of a banking union is widely seen as a key element of institutional reforms towards more financial and economic stability in Europe. Its objective is to improve the effectiveness of …Read More
Extending Taxation of Interest and Royalty Income at Source – an Option to Limit Base Erosion and Profit Shifting?
Finke, C., Fuest, C., Nusser, H. & Spengel, C. (2014) “Extending Taxation of Interest and Royalty Income at Source – an Option to Limit Base Erosion and Profit Shifting?“, Centre for European Economic Research, Discussion Paper No. 14-073, Οκτώβριος. Abstract: This paper discusses tax policy measures to reduce corporate tax avoidance by extending taxation in the source country without imposing double taxation. We focus on four options: Bilaterally restricting …Read More
In this together – Rethinking Solidarity in Europe
Mendelsohn, J. (2014) “In this together – Rethinking Solidarity in Europe“, The European Magazine, 02 Οκτωβρίου. If solidarity is to serve political change, it must be elevated to a normative goal and enforced as a principle of law and not as a matter of choice. Since the eruption of the Eurozone crisis in late 2008, I – and many others – have been struggling with the comprehension, the origins …Read More
Βιβλιοθήκη » EE » Κοινωνία » Άρθρα Γνώμης
Prime Minister Matteo Renzi on Growth and Jobs in Italy – A Conversation With Matteo Renzi
Renzi, M. (2014) “Prime Minister Matteo Renzi on Growth and Jobs in Italy – A Conversation With Matteo Renzi“, Council on Foreign Relations (CFR), 24 Σεπτεμβρίου. PORAT: Good afternoon. My name is Ruth Porat, and I’m a member of the board of the Council and am delighted to welcome you here today to our meeting with Prime Minister Matteo Renzi. I’d also like to welcome the CFR members around …Read More
Γαλλικός προϋπολογισμός και ευρωπαϊκό αδιέξοδο
Τσούκαλης, Λ. (2014) “Γαλλικός προϋπολογισμός και ευρωπαϊκό αδιέξοδο“, Εφημερίδα «Καθημερινή» – Άρθρο Γνώμης, 02 Οκτωβρίου. Ο υπουργός Οικονομικών της Γαλλίας, κ. Σαπέν, ανακοίνωσε ότι το δημοσιονομικό έλλειμμα της χώρας του θα συνεχίσει να υπερβαίνει τουλάχιστον μέχρι το 2017 τα όρια που προσπαθούν να επιβάλουν οι Βρυξέλλες, με οδηγό πάντα τη Γερμανία και βάση το δημοσιονομικό σύμφωνο που υιοθέτησαν όλες σχεδόν οι χώρες-μέλη της Ε.Ε., περιλαμβανομένης και της Γαλλίας. Η …Read More
Βιβλιοθήκη » EE » Πολιτική » Άρθρα Γνώμης
ECB Sovereign Bond Purchases Remain Unlikely
Kirkegaard, F. J. (2014) “ECB Sovereign Bond Purchases Remain Unlikely“, Peterson Institute for International Economics, 01 Οκτωβρίου. The European Central Bank (ECB) is reportedly on the cusp of another round of euro area sovereign bond purchases. Proponents of such a move say it is necessary if the ECB is to grow its balance sheet by the €750 billion to €1 trillion signaled by its president, Mario Draghi, on September …Read More