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We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions

Otero Iglesias, Μ. (2015) “We should be wary of removing the ECB from the troika to facilitate the use of outright monetary transactions“, LSE EUROPP, 19 Ιανουαρίου.   A key legal debate in the context of the Eurozone crisis is whether so called ‘Outright Monetary Transactions’(OMT), which would allow the European Central Bank (ECB) to buy unlimited numbers of government bonds in secondary markets, are compatible with European law. The …Read More

SNB decision tells us that the crisis in entering a new phase

Mitchell, B. (2015) “SNB decision tells us that the crisis in entering a new phase“, Bill Mitchell Blog, 19 Ιανουαρίου.   Switzerland – home of the secret bank vaults, which house treasures stolen from people (particularly the Jewish victims) by the Nazis during WW2 and ill-gotten cash by capitalists who wish to evade scrutiny of prudential and tax authorities of their domiciled nations. Now it is the canary, which has …Read More

What Will Populism Do To Europe?

Świeboda, P. (2015) “What Will Populism Do To Europe?“, Social Europe Journal, 15 Ιανουαρίου.   There has been much wishful thinking in Europe that populism will vanish once growth rates pick up. Those who have believed in this unlikely miracle tended to assume that the populist upsurge is a natural reaction to economic misery brought about by the crisis. In this, they are only partly right. Populism is as much …Read More

From Welfare State To Innovation State

Rodrik, D. (2015) “From Welfare State To Innovation State, Social Europe Journal, 15 Ιανουαρίου.   A specter is haunting the world economy – the specter of job-killing technology. How this challenge is met will determine the fate of the world’s market economies and democratic polities, in much the same way that Europe’s response to the rise of the socialist movement during the late nineteenth and early twentieth centuries shaped the …Read More

Tear down the trade-policy silos! Or how the servicification of manufacturing makes divides in trade policymaking irrelevant

Lodefalk, Μ. (2015) “Tear down the trade-policy silos! Or how the servicification of manufacturing makes divides in trade policymaking irrelevant“, VoxEU Organisation, 16 Ιανουαρίου.   The manufacturing sector in OECD countries increasingly buys, produces, sells and exports services. This is now known as the servicification of manufacturing. This column, using firm-level data from Sweden, shows that as firms’ share of in-house services increases, so does their export intensity. The increasing …Read More

The fragmentation of power is irreversible

Conversation by Martin Eiermann with Parag Khanna: “The fragmentation of power is irreversible”, The European Magazine, 16 Ιανουαρίου 2015.   The end of the nation-state as we know it: Parag Khanna discusses the path towards global connectivity and why we have to shift from Western history to global history. The European: Mr. Khanna, especially in Europe, we’re witnessing a resurgence of regionalist or nationalist thinking that seems to cast doubt …Read More

Friday lay day – more snake oil from Brussels

Mitchell, B. (2015) “Friday lay day – more snake oil from Brussels“, Bill Mitchell Blog, 16 Ιανουαρίου.   It’s my Friday lay day blog. I am in Sri Lanka at present and will have some reports about that over the next 14 odd days. I was amazed overnight by the comments from IMF boss Lagarde who made overt political statements in an upcoming election year by claiming that David Cameron …Read More

Europe Rediscovers Nationalism

“Europe Rediscovers Nationalism“, STRATFOR Global Intelligence, Analysis, 11 Ιανουαρίου.   Analysis In his latest novel, French writer Michel Houellebecq presents a controversial situation: The year is 2022, and France has become an Islamicized country where universities have to teach the Koran, women have to wear the veil and polygamy is legal. The book, which created a stir in France, went on sale Jan. 7. That day, a group of terrorists …Read More

Quantitative easing in the Eurozone: It’s possible without fiscal transfers

De Grauwe, P. & Ji, Y. (2015) “Quantitative easing in the Eurozone: It’s possible without fiscal transfers“, VoxEU Organisation, 15 Ιανουαρίου.   The ECB has been struggling to implement a programme of quantitative easing (QE) that would successfully target deflation. The main difficulty is political, stemming from opposition from German institutions. Their argument against is that a government bond buying programme by the ECB would mix fiscal and monetary policy. …Read More

The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure – A Survey

Briglauer, W., Frübing, S. & Vogelsang, I. (2015) “The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure – A Survey, Discussion Paper No. 15-003, Centre for European Economic Research (ZEW), Ιανουάριος.   Abstract Our survey reviews the theoretical and empirical literature on all alternative policies to promote the deployment of new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive externalities, dynamic efficiency …Read More