Kay, John, (2015), “Liquidity Helps Financial Market Participants, Not Businesses And Households”, Social Europe, 1 Δεκεμβρίου. Nothing illustrates more starkly the difference between the preoccupations of financial market participants and the needs of businesses and households than the subject of liquidity.Last week the Bank of England held an open forum to discuss what the financial sector contributes to the real economy, and I took part in a discussion on the role …Read More

Hüttl, Pia, (2015), “Counting on the EU – public opinion on welfare state reforms”, Bruegel Blog, 19 Νοεμβρίου. As part of the Vision Europe Summit, a survey was held from July-August 2015, to investigate public opinion on the welfare state after the crisis. This blog post is a follow up to an earlier blog, focusing this time on the role of the EU and the welfare state. Σχετικές Αναρτήσεις Hüttl, Pia,Wolff, Guntram, (2015), …Read More

Hüttl, Pia,Wolff, Guntram, (2015), “Charting public opinion on the future of the welfare state”, Bruegel Publications, 10 Νοεμβρίου. As part of the of the Vision Europe Summit, a survey was held between July and August 2015 to gauge public opinion on the welfare state after the crisis. The survey revealed citizens’ general confidence in the welfare state, as well as preferences regarding the welfare state’s future goals and financing. We discuss the …Read More

Weeks, John, (2015), “The Eurozone: Deflationary Boom Or Deflationary Bust?”, Social Europe Journal, 6 Νοεμβρίου. Several years ago the idea that fiscal austerity could induce growth, “expansionary austerity”, had a brief flowering before withering under the heat of ridicule. Recently it resurfaced under a different name, “deflationary boom”. If expansionary austerity was oxymoronic, deflationary boom is simply moronic. Σχετικές Αναρτήσεις Weeks, John, (2015), “Euro Deflation And How To Interpret It”, Social Europe …Read More

Alfani, Guido, Ryckbosch, Wouter, (2015), “Income inequality in pre-industrial Europe”, Voxeu, 6 Νοεμβρίου. Thomas Piketty and others have prompted renewed interest in understanding long-term patterns of inequality. This column presents evidence from pre-industrial Europe. Inequality rose even during the success stories of early modern Europe, but it can hardly have been the sole requisite for growth. In both economic history and today’s economic theory, the idea of a universal trade-off between growth and …Read More

Frimmel, Wolfgang, Winter-Ebmer, Rudolf, (2015), “The contribution of the wage structure to early retirement behaviour”, Voxeu, 28 Οκτωβρίου. The literature on retirement age has tended to focus on the supply side of the labour market. Using Austrian data, this column examines how firms can influence workers’ retirement decisions through wage structure. Deferred compensations schemes characterised by steeper seniority-wage profiles are found to be associated with workers retiring earlier. Given that early labour …Read More

Costa-Font, Joan, Cowell, Frank, (2015), “How European integration influences the way we think about redistribution of income”, LSE blog, 22 Οκτωβρίου What makes us more (or less) inclined to redistribute resources? Drawing on findings from a recent study, Joan Costa-Font and Frank Cowell write that European integration has a role in lessening national pride and is conducive to a more positive attitude toward income redistribution. They argue that when individuals identify themselves with …Read More