Lof, Μ. & Malinen, Τ. (2014) “Determinants of the growth and sovereign debt correlation“, VoxEU Organisation, 25 Μαΐου. Public debt and economic growth are historically negatively correlated. This column discusses new evidence that rejects the debt-to-growth causality. After estimating the effects between debt and growth in both directions, there is no evidence that high indebtedness suppresses economic growth. The effect of growth on debt is the main driver of …Read More
Spillovers from systemic bank defaults
Mink, M. & de Haan, J. (2014) “Spillovers from systemic bank defaults“, VoxEU Organisation, 24 Μαΐου. To date, much uncertainty exists about how large the spillovers would be from the default of a systemically important bank. This column shows evidence that the market values of US and EU banks hardly respond to changes in the default risk of banks that the Financial Stability Board considers globally systemically important (G-SIBs). …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Between Apathy and Anger: Challenges to the Union from the 2014 Elections to the European Parliament
Piedrafita, S. & Lauenroth, A. (2014) “Between Apathy and Anger: Challenges to the Union from the 2014 Elections to the European Parliament“, Politics and Institutions, EPIN Papers, 20 Μαΐου. This EPIN study brings together contributions from a broad selection of member states and provides insightful analysis into the 2014 elections to the European Parliament on the ground. The report reveals the different factors that impede the development of genuine …Read More
Disappearing government bond spreads in the eurozone – Back to normal?
De Grauwe, P. & Ji, Y. (2014) “Disappearing government bond spreads in the eurozone – Back to normal?“, Economic Policy, CEPS Working Documents, 14 Μαΐου. Since the announcement of the Outright Monetary Transactions (OMT) programme by Mario Draghi, President of the ECB, in 2012, the government bond spreads began a strong decline. This paper finds that most of this decline is due to the positive market sentiments that the …Read More
Twelve Ways to Fix the Youth Unemployment Crisis
Jacobs, E. (2014) “Twelve Ways to Fix the Youth Unemployment Crisis“, Governance Studies at Brookings, Μάιος. INTRODUCTION Young Americans are enduring staggeringly high rates of joblessness. The official unemployment rate for 16 to 24 year olds is 14.5 percent, and has been in the double-digits for seven straight years. Over three million young people are unemployed, and many more have dropped out of the labor market entirely. While the …Read More
The European Parliament is a failed experiment in pan-European democracy – national parliaments are the key to solving the democratic deficit
Booth, S. (2014) “The European Parliament is a failed experiment in pan-European democracy – national parliaments are the key to solving the democratic deficit“, LSE EUROPP, 21 Μαΐου. Strengthening the European Parliament has often been viewed as the best method of addressing the EU’s alleged ‘democratic deficit’. Stephen Booth writes that while this perspective has led to the Parliament’s powers being increased successively over recent decades, the effect of …Read More
Βιβλιοθήκη » EE » Πολιτική » Άρθρα Γνώμης
Why The Recovery Needs Wage Growth
Ozlem Onaran, Ο. & Stockhammer, Ε. (2014) “Why The Recovery Needs Wage Growth“, Social Europe Journal, 21 Μαΐου. Five years after the beginning of the recession real wages in Britain are still well below their pre-crisis level. As of March 2014 real weekly earnings (deflated by the RPI) are at the level of November 2000; that is a staggering 12% below their peak in February 2008. Is that a …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Άρθρα Γνώμης
The Politics of Austerity and Public Policy Reform in the EU
Ladi, S. & Tsarouhas, D. (2014) “The Politics of Austerity and Public Policy Reform in the EU, Political Studies Review, 12: 171–180. The European Union (EU) is at a critical juncture that will either trigger further integration or reinforce a mode of intergovernmental cooperation. The spread of market pressure to a growing number of states demonstrates that the crisis needs to be dealt with at the European and not just …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
National Accounts at a Glance 2014
OECD (2014) “National Accounts at a Glance 2014“, Organization for Economic Cooperation and Development, 29 Απριλίου. This publication presents information using an “indicator” approach, focusing on cross-country comparisons; the aim being to make the accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented. The range of indicators is set …Read More
EBA 2013 Annual Report
European Banking Authority (EBA) 2013 Annual Report, 21 Μαΐου 2014. This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks’ balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a truly uniform set of …Read More