Global Financial Stability Report – Moving from Liquidity- to Growth-Driven Markets

24 Ιουνίου, 2014

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International Monetary Fund (2014) Global Financial Stability Report – Moving from Liquidity- to Growth-Driven Markets, World Economic and Financial Surveys, Απρίλιος. The April 2014 Global Financial Stability Report (GFSR) assesses the challenging transitions that the global financial system is currently undergoing on the path to greater stability. Chapter 1 finds that these transitions are far from complete, and stability conditions are far from normal. For advanced and emerging market economies …Read More

Βιβλιοθήκη » EE » Οικονομία » Εκθέσεις-Μελέτες

Social Europe In A Climate Of Austerity, The Need For Social Dialogue To Improve Distribution

24 Ιουνίου, 2014

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Pissarides, C. (2014) “Social Europe In A Climate Of Austerity, The Need For Social Dialogue To Improve Distribution“, Social Europe Journal, 23 Ιουνίου. Eurofound stands for Improvement of Living and Working Conditions through social dialogue. Currently, in the midst of high unemployment and increasing inequality, living and working conditions for ordinary people are worse than in 2007. But recession is not the only problem. Even when countries are recovering, …Read More

Βιβλιοθήκη » EE » Κοινωνία » Άρθρα Γνώμης

Do changes in cost-sharing have an impact on the behaviour of students and higher education institutions?

23 Ιουνίου, 2014

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European Commission (2014) “Do changes in cost-sharing have an impact on the behaviour of students and higher education institutions?“, Cost-sharing Impact Study, 23 Ιουνίου. This report analyses the effects of different models of cost-sharing in higher education (the split between public and private contributions to higher education funding) on students and higher education institutions. The study examines trends in participation and completion in third-level education, as well as factors …Read More

Βιβλιοθήκη » EE » Κοινωνία » Εκθέσεις-Μελέτες

European Vacancy and Recruitment Report 2014 & Statistical Annex

23 Ιουνίου, 2014

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European Commission (2014) “European Vacancy and Recruitment Report 2014 & Statistical Annex“, Employment, Social Affairs and Inclusion Publications, 23 Ιουνίου. Low qualified workers encounter increasing difficulties to find a job, face lower job stability and are out-competed by medium-skilled workers even in elementary occupations. In contrast, job opportunities are growing in some high-skilled professions. These are the main findings of the European Vacancy and Recruitment Report 2014. The report …Read More

Βιβλιοθήκη » EE » Οικονομία » Εκθέσεις-Μελέτες

The Tragedy of the Euro

23 Ιουνίου, 2014

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Bagus, P. (2010) The Tragedy of the Euro, Mises Institute. The current sovereign debt crisis is the direct result of credit expansion by the European banking system. In the early 2000s, credit was expanded especially in the periphery of the European Monetary Union such as in Ireland, Greece, Portugal, and Spain. Interest rates were reduced substantially by credit expansion coupled with a fall both in inflationary expectations and risk …Read More

Βιβλιοθήκη » EE » Κοινωνία » Βιβλία

The Fund’s Lending Framework and Sovereign Debt—Preliminary Considerations

23 Ιουνίου, 2014

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International Monetary Fund (2014) “The Fund’s Lending Framework and Sovereign Debt—Preliminary Considerations“, IMF Staff Report, 13 Ιουνίου. EXECUTIVE SUMMARY Background: As a follow-up to the Executive Board’s May 2013 discussion, this paper considers a possible direction for reform of the Fund’s lending framework in the context of sovereign debt vulnerabilities. The primary focus of this paper relates to the Fund’s exceptional access framework, since it is in this context …Read More

Βιβλιοθήκη » EE » Πολιτική » Κείμενα Πολιτικής

Real wages, monetary policy and innovation

23 Ιουνίου, 2014

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Wren-Lewis, S. (2014) “Real wages, monetary policy and innovation“, Mainly Macro Blog, 22 Ιουνίου. In my drive into Oxford I pass a petrol station that offers a car wash service. Ten or twenty years ago you would have expected this to involve a large degree of automation. However in this particular case it involves a few workers with hoses, mops and buckets. Now anyone who has seen my own …Read More

Βιβλιοθήκη » EE » Πολιτική » Άρθρα Γνώμης

Long-Term Damage from the Great Recession in OECD Countries

23 Ιουνίου, 2014

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Ball, M. L. (2014) “Long-Term Damage from the Great Recession in OECD Countries“, NBER Working Paper No. 20185, Μάιος. This paper estimates the long-term effects of the global recession of 2008-2009 on output in 23 countries. I measure these effects by comparing current estimates of potential output from the OECD and IMF to the path that potential was following in 2007, according to estimates at the time. The losses …Read More

Βιβλιοθήκη » EE » Πολιτική » Επιστημονικά Άρθρα

ECB Policy and Eurozone Fragility: Was De Grauwe Right?

20 Ιουνίου, 2014

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Fuertes Α.-Μ., Kalotychou , Ε. & Saka, Ο. (2014) “ECB Policy and Eurozone Fragility: Was De Grauwe Right?“, Economic Policy, CEPS Working Documents, 20 Ιουνίου. The authors test Paul De Grauwe’s eurozone fragility hypothesis using a time window around the announcement of the Outright Monetary Transactions (OMT) programme. The findings reveal significant contagion from Spain to other eurozone countries, but solely during the pre-announcement period. The authors conclude that …Read More

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Inequality in the long run

20 Ιουνίου, 2014

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Piketty, T. & Saez, E. (2014) “Inequality in the long run“, Science, 23 Μαΐου, Vol. 344 no. 6186 σσ. 838-843. This Review presents basic facts regarding the long-run evolution of income and wealth inequality in Europe and the United States. Income and wealth inequality was very high a century ago, particularly in Europe, but dropped dramatically in the first half of the 20th century. Income inequality has surged back …Read More

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