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Women in the EU earned on average 16% less than men in 2016

EUROSTAT/Women in the EU earned on average 16% less than men in 2016/7 Μαρτίου 2018 In 2016, the unadjusted gender pay gap stood at just over 16% in the European Union (EU). In other words, women earned on average 84 cents for every euro a man makes per hour. Across Member States, the gender pay gap in 2016 ranged from just over 5% in Romania and Italy, to more than 25% in Estonia, …Read More

Symmetry and Convergence in Monetary Unions

Nauro F. Campos and Corrado Macchiarelli, (2018), «Symmetry and Convergence in Monetary Unions», LSE, LEQS Paper No. 131/2018, March This paper has three main objectives, namely to (a) propose a new framework that can support placing countries along a core-periphery continuum (beyond the more common binary treatment as either core or periphery), (b) to construct a continuous dynamic theory-based measure (the first, to the best of our knowledge) illustrating the use of this framework …Read More

USA vs Europe: Ο παγκόσμιος εμπορικός πόλεμος μόλις ξεκίνησε

Στέλιος Μορφίδης, (2018), «USA vs Europe: Ο παγκόσμιος εμπορικός πόλεμος μόλις ξεκίνησε», newmoney.gr, 13 Μαρτίου Προηγήθηκε η φορολογική μεταρρύθμιση που έριξε τους συντελεστές στις επιχειρήσεις δραματικά, αφήνοντας τις υπόλοιπες μεγάλες οικονομίες του κόσμου, και κυρίως τους Ευρωπαίους, να αναζητούν τρόπους απάντησης. Τώρα ο Ντόναλντ Τραμπ, στο σχέδιο του για τη «Μεγάλη Αμερική», επιβάλλει με τη δικαιολογία της προστασίας της εθνικής ασφάλειας δασμούς σε ξένα προϊόντα, ξεκινώντας από τον χάλυβα και το …Read More

ECB staff macroeconomic projections for the euro area

ECB, (2018), «ECB staff macroeconomic projections for the euro area», Μάρτιος The economic expansion in the euro area is projected to remain robust, with growth rates staying above potential. Real GDP growth is projected to slow from 2.5% in 2017 to 1.7% in 20202 as some tailwinds slowly fade away. HICP inflation is expected to pick up to 1.7% in 2020, supported by a gradual rise in underlying inflation as …Read More

Πρώτο βήμα για την Ένωση Κεφαλαιαγορών

Νίκος Μπέλλος, (2018), «Πρώτο βήμα για την Ένωση Κεφαλαιαγορών», Ναυτεμπορική, 13 Μαρτίου Δέσμη προτάσεων για τα καλυμμένα ομόλογα, τη διανομή επενδυτικών κεφαλαίων και τη διασυνοριακή μεταβίβαση διεκδίκησης χρέους παρουσίασε χθες η Ευρωπαϊκή Επιτροπή, στο πλαίσιο των μέτρων για τη δημιουργία της Ένωσης Κεφαλαιαγορών μέχρι το 2019. Παράλληλα, η Κομισιόν έκανε έκκληση στα κράτη-μέλη να επιταχύνουν τις διαπραγματεύσεις για την Ένωση Κεφαλαιαγορών, δεδομένου ότι από τις 12 προτάσεις που έχουν υποβληθεί …Read More

Potential threats to central bank independence

Charles Goodhart, Rosa Lastra, (2018), «Potential threats to central bank independence», VoxEU, 11 Μαρτίου Some 30 years ago, New Zealand introduced an arrangement combining operational independence and inflation targetry for the central bank, a regime change that rapidly caught on in the next few years as best practice for central banks around the world. This column, taken from a recent VoxEU eBook, argues that central bank independence owed a great …Read More

The economics of supranational bank supervision

Thorsten Beck, Consuelo Silva-Buston, Wolf Wagner, (2018), «The economics of supranational bank supervision«, VoxEU, 13 Μαρτίου International cooperation on bank supervision is still rare. This column analyses data on supervisory cooperation among a global sample of countries between 1995 and 2013 to show that cooperation among bank supervisors is not always optimal. Country pairs with higher cross-border externalities and lower heterogeneity are more likely to cooperate, and in more intense …Read More

Have We Dodged the Secular-Stagnation Bullet?

Kemal Dervis, (2018), «Have We Dodged the Secular-Stagnation Bullet?», Project Syndicate, 6 Μαρτίου Is the world on the cusp of a sustainable acceleration in global economic growth? The answer hinges on whether today’s much-touted innovative technologies finally have an appreciable impact on labor and total-factor productivity. Σχετικές Αναρτήσεις Ferrero, Giuseppe, Gross, Marco, Neri, Stefano, (2017), «On secular stagnation and low interest rates: demography matters», European Central Bank (ECB) Working Paper …Read More

Euro area annual inflation down to 1.2%

Eurostat/Euro area annual inflation down to 1.2% /28 Φεβρουαρίου 2018 Euro area annual inflation is expected to be 1.2% in February 2018, down from 1.3% in January 2018, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in February (2.1%, compared with 2.2% in January), followed by services (1.3%, compared …Read More

Breaking the Stalemate on European Deposit Insurance

Isabel Schnabel, Nicolas Veron, (2018), «Breaking the Stalemate on European Deposit Insurance», Bruegel, 5 Μαρτίου In the wake of the European financial and sovereign debt crisis, the euro area embarked in 2012 on establishing a banking union. Its aim was to elevate parts of banking sector policy from the national to the European level, particularly bank supervision and resolution. Successive EU-level reports, including the Four Presidents’ Report of 2012 and …Read More