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Influencing the Debate from Outside the Mainstream: Keep it Simple

Baker, D. (2014) “Influencing the Debate from Outside the Mainstream: Keep it Simple“, Dean Baker’s comments at the 2014 Rethinking Economics NYC Forum, Forum titled “The Role of Economic Models in Public Policymaking”, 13 Σεπτεμβρίου.   If people working outside of the mainstream of the profession are going to have any impact on economic policy debates in the United States it is essential that they understand the forum in which the …Read More

Reforming Europe’s governance, for a more Legitimate and Effective Federation of Nation States

Bertoncini, Υ. & Vitorino, Α. (2014) “Reforming Europe’s governance, for a more Legitimate and Effective Federation of Nation States“, New Decision-Makers – New Challengers Project, Notre Europe, Studies and Reports, Σεπτέμβριος.   If the challenges facing the EU demand, first and foremost, detailed political responses, it is essential that the European institutions whose aim is to come up with those political responses are fully legitimate and effective, and that the …Read More

Επιστροφή στα βασικά οικονομικά

Krugman, P. (2014) “Επιστροφή στα βασικά οικονομικά“, Εφημερίδα «Καθημερινή», 16 Σεπτεμβρίου.   Προ ημερών συμμετείχα σε συνέδριο που διοργάνωσε φοιτητική ένωση με στόχο μια αναθεώρηση της Οικονομικής θεωρίας. Νομίζω πως είναι σημαντικό να συνειδητοποιήσουμε ότι τα τελευταία χρόνια είδαμε να καταρρέουν θεωρίες σε πολλά επίπεδα. Η επιστήμη των Οικονομικών είχε σαφώς εκτροχιασθεί επί χρόνια, στην πραγματικότητα επί δεκαετίες, με αποτέλεσμα την κρίση. Αλλά η αποτυχία των Οικονομικών οξύνθηκε σε μεγάλο …Read More

The ECB and the Single European Financial Market: A Proposal to Repair Half of a Flawed Design

Tonveronachi, M. (2014 ) “The ECB and the Single European Financial Market: A Proposal to Repair Half of a Flawed Design“, Levy Economics Institute Publications, The State of the US and World Economies Public Policy Brief No. 137, Σεπτέμβριος.   The flaws of the Maastrict Treaty are a frequent object of commentary but, as yet, Europe remains unable—or, perhaps more accurately, unwilling—to address these flaws. The European project will remain …Read More

Interim Global Economic Assessment

OECD (2014) “Interim Global Economic Assessment“, Economics Department, OECD Economic Surveys, 15 Σεπτεμβρίου: Παρίσι.   A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.       While the global recovery continues at a moderate …Read More

Taking a bite out of Apple? Fixing international corporate taxation

De Mooij, R., Keen, M. & Perry, V. (2014) “Taking a bite out of Apple? Fixing international corporate taxation“, VoxEU Organisation, 14 Σεπτεμβρίου.   Multinational companies’ ability to pay little corporate income tax has grabbed headlines recently. This column argues that the details of international tax rules matter for macroeconomic performance – especially in low-income countries. This emphasises the importance of the G20–OECD Action Plan on Base Erosion and Profit …Read More

Heterogeneity in the Relationship between Unemployment and Subjective Well-Being, A Quantile Approach

Binder, M. & Coad, A. (2014) “Heterogeneity in the Relationship between Unemployment and Subjective Well-Being, A Quantile Approach“, Explorations in Theory and Empirical Analysis, Working Paper No. 808, Levy Economics Institute, Ιούνιος.   Unemployment has been robustly shown to strongly decrease subjective well-being (or “happiness”). In the present paper, we use panel quantile regression techniques in order to analyze to what extent the negative impact of unemployment varies along the …Read More

Social imbalance in Europe is increasing

Schraad-Tischler, D. & Kroll, C. (2014) “Social imbalance in Europe is increasing“, Social Inclusion Monitor, Bertelsmann Stiftung, Σεπτέμβριος.   First Social Justice Index compares all 28 EU states / In Europe the gap is growing between North and South as well as between young and old / Social division threatens the future viability of the European project / European social strategy needed Europe is making some progress in terms of …Read More

Η Ευρώπη εν μέσω οικονομικής κρίσης – Συνέπειες της νομισματικής ένωσης

Τσούκαλης, Λ. (2014) “Η Ευρώπη εν μέσω οικονομικής κρίσης – Συνέπειες της νομισματικής ένωσης“, Εφημερίδα «Καθημερινή», 14 Σεπτεμβρίου.   ΝΙΚΟΣ ΚΟΥΤΣΙΑΡΑΣ: Οι καιροί αλλάζουν – εμείς; Κείμενα για την ευρωπαϊκή πολιτική οικονομία πριν και μετά την κρίση. εκδ. Παπαζήσης, σελ. 338 Στις μεγάλες κρίσεις, πολλά από όσα θεωρούσαμε δεδομένα αλλάζουν, τα θέσφατα δεν ισχύουν πλέον. Πόσοι όμως έχουν την ικανότητα ή το κουράγιο να κοιτάξουν κατάματα τη νέα πραγματικότητα που …Read More

Restoring financial stability with economic growth

Boughton, J. (2014) “Restoring financial stability with economic growth“, VoxEU Organisation, 15 Σεπτεμβρίου.   The international financial system is not working fine and reforms of regional and global institutions are much needed. This column discusses some of the transformations that the IMF could implement in order to keep pace with the changes in the world economy. One problem for the credibility of the IMF is the G20 in its current …Read More