Nolan, Brian, (2013), “What use is ‘social investment’?”, Journal of European Social Policy, Vol. 23, N. 5, pp. 459-468. The notion of ‘social investment’ has come to play a major part in debates about the role of social spending and the future of welfare states in Europe. This paper argues that social investment can be seen as a more or less detailed orientation or paradigm for social policies and spending …Read More
Assessing the economic and budgetary impact of linking retirement ages and pension benefits to increases in longevity
Schwan, Alexander, Sail, Etienne, (2013), “Assessing the economic and budgetary impact of linking retirement ages and pension benefits to increases in longevity”, European Economy, Economic Papers, N. 512. This paper focuses on potential public pension expenditure, pension adequacy and fiscal sustainability effects when linking retirement ages and pension benefits with future increases in longevity. Simulation results show that the expected increases in public pension expenditures as a share of GDP could …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Κείμενα Πολιτικής
Supervisory transparency in the European banking union
Gandrud, Chr., Hallerberg, Mark, (2014), “Supervisory transparency in the European banking union”, Bruegel, 3 Ιανουαρίου. Bank supervisors should provide publicly accessible, timely and consistent data on the banks under their jurisdiction. Such transparency increases democratic accountability and leads to greater market efficiency. There is greater supervisory transparency in the United States compared to the member states of the European Union. The US supervisors publish data quarterly and update fairly detailed …Read More
The ghost of Deauville
Mody, Ash., (2014), “The ghost of Deauville”, Voxeu, 7 Ιανουαρίου. On 19 October 2010, Angela Merkel and Nicolas Sarkozy agreed that in future, sovereign bailouts from the European Stability Mechanism would require that losses be imposed on private creditors. This agreement was blamed for the increase in sovereign spreads in late 2010 and early 2011. This column discusses recent research on the market reaction to the surprise announcement at Deauville. …Read More
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The systemic nature of the EU crisis: reflections on a deepening issue
Esposito, M., (2013), “The systemic nature of the EU crisis: reflections on a deepening issue”, Euro Crisis in the Press Blog, London School of Economics, 02 January. The Eurozone has entered its fourth year of crisis and 2013 has been a challenging year for a large number of Member States, who have been falling into severe debt, requesting bailouts tied to crippling austerity measures. If we thought the issue was …Read More
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Why The ‘Genuine EMU’ Will Not Be a Fiscal Union
Hacker, B., (2013), “Why The ‘Genuine EMU’ Will Not Be a Fiscal Union”, Social Europe Journal, 02 January. Although the critics of the Maastricht Treaty, who called attention to the risks of monetary integration without fiscal and political integration, long went unheeded, the current crisis has reopened the debate on the structure of EMU. At least there is – and this is confirmed by the process concerning a ‘genuine’ EMU …Read More
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Quarterly Report on the Euro Area
European Union, (2013), Quarterly Report on the Euro Area, Volume 12, No.4 The volume contains: The euro area’s growth prospects over the coming decade The growth impact of structural reforms Firms’ investment decisions in vulnerable Member States Corporate taxation and the composition of capital Since the start of the recovery in spring 2013, euro area wide GDP growth has remained subdued. While the recent pick up in domestic demand is …Read More
Standard Eurobarometer 80
European Commission, (2013), Standard Eurobarometer 80, European Commission / Directorate-General for Communication, December. This report presents the first results of the Standard Eurobarometer 80 survey, which was carried out between 2 and 17 November 2013 in 34 countries or territories: the 28 European Union Member States, the five candidate countries (the Former Yugoslav Republic of Macedonia, Turkey, Iceland, Montenegro and Serbia), and the Turkish Cypriot Community in the part of …Read More
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Which financial instrument to facilitate structural reforms in the euro area?
Rubio, E., (2013), “Which financial instrument to facilitate structural reforms in the euro area?”, Notre Europe – Jacques Delors Institute, Policy Paper No.104, December. The idea of creating contractual arrangements to facilitate structural reforms in the euro area starts to take shape. This policy paper by Eulalia Rubio provides some thoughts on this proposal and, more generally, on the rationale for setting up an incentive tool to facilitate reforms in the euro …Read More
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Ανησυχητικός Αποπληθωρισμός
Πετράκης, Π., “Ανησυχητικός Αποπληθωρισμός”, Το Βήμα, 13 Δεκεμβρίου. Μια από τις επικρατούσες απόψεις προκειμένου η Ευρωζώνη να μπορέσει να επανέλθει σε μακροοικονομική ισορροπία, είναι να πραγματοποιηθεί διαρθρωτική αναπροσαρμογή στις οικονομίες με τρόπο ώστε να μπορέσει να ανακτήσουν την ανταγωνιστικότητά τους και να μειώσουν τα επίπεδα χρέους τους. Οι ίδιες απόψεις υποστηρίζουν ότι προκειμένου να μειωθεί το κοινωνικό κόστος της διαρθρωτικής προσαρμογής -τόσο σε όρους απώλειας παραγόμενου προϊόντος όσο και σε …Read More
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