Darvas, Zsolt, Varga, Balázs, (2013), “Inflation persistence in Central and Eastern European countries”, Bruegel Working Paper, N. 2013/04. This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central …Read More
Report on public finances in EMU
European Commission, (2013), “Report on public finances in EMU”, European Economy, 4/2013, Ιούλιος. The Report presents recent budgetary developments, describes advances in budgetary surveillance and proposes a new indicator of fiscal effort based on a narrative approach. It also shows the developments of health expenditures and the possibility of introducing cost-containing reforms that preserve high quality standards in the provision of health services.
Action Plan on Base Erosion and Profit Shifting
OECD, (2013), Action Plan on Base Erosion and Profit Shifting, 19 Ιουλίου. Taxation is at the core of countries’ sovereignty, but in recent years, multinational companies have avoided taxation in their home countries by pushing activities abroad to low or no tax jurisdictions. The G20 asked OECD to address this growing problem by creating this action plan to address base erosion and profit shifting. This plan identifies a series of domestic and …Read More
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Ο Αδόλφος, ο Ωνάσης και η ευρωκρίση
Παγουλάτος, Γιώργος, (2013), “Ο Αδόλφος, ο Ωνάσης και η ευρωκρίση”, 21 Ιουλίου. Ποια θα ήταν η εξέλιξη των πραγμάτων εάν κάποιο κομβικό γεγονός είχε συμβεί διαφορετικά; Είναι συνήθης ο πειρασμός να σκεφτόμαστε ξανά την ιστορία ή τη ζωή στη βάση υποθετικών σεναρίων (what if), που αντιστρέφουν την πραγματικότητα. Οπως έχει γραφτεί μεταξύ αστείου και σοβαρού, εάν κάποιος, την κρίσιμη στιγμή, είχε αναφωνήσει «πολύ ωραίος πίνακας, Αδόλφε!», ενθαρρύνοντας τον Χίτλερ να …Read More
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German Banks on Top
Zingales, Luigi, (2013), “German Banks on Top”, www.project-syndicate.org, 18 Ιουλίου. Overcoming the European Union’s current economic malaise, as almost everyone acknowledges, requires deeper integration, with the first step taking the form of a banking union supervised by the European Central Bank. But Europe’s banking union also requires uniform rules for winding up insolvent financial institutions – and this has become a sticking point.
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
The Next Social Contract
Derviş, Kemal, (2013), “The Next Social Contract”, www.project-syndicate.org, 18 Ιουλίου. Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to …Read More
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Redesigning the ECB with regional rather than national central banks
Burda, Michael, (2013), “Redesigning the ECB with regional rather than national central banks”, www.voxeu.org, 15 Ιουλίου. Eurozone national central banks that take a national perspective risk politicising the ECB’s monetary policy. This column argues that this is a significant risk that should be overcome with a fundamental overhaul of the Eurosystem. A central element would be to take the ‘national’ out of the EZ’s national central banks. Just as US …Read More
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OECD Employment Outlook
OECD, (2013), Employment Outlook, Paris. Concerns are growing in many countries about the strains that persistently high levels of unemployment are placing on the social fabric. Over five years have passed since the onset of the global financial and economic crisis but an uneven and weak recovery has not generated enough jobs to make a serious dent in unemployment in many OECD countries. In April 2013, 8% of the OECD …Read More
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Austerity: European democracies against the wall
Lorenzo Bini Smaghi, (2013), Austerity: European democracies against the wall, CEPS. The crisis in the eurozone has had a dramatic impact on the economic and social fabric of European countries. However important it may be, the economic dimension is only the symptom of a broader problem. The crisis is primarily political in nature. Lorenzo Bini Smaghi argues in this book that the crisis reflects the inability of western democracies to …Read More
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IMF, (2013), World Economic Outlook-Update, July.
IMF, (2013), World Economic Outlook-Update, July. Global growth is projected to remain subdued at slightly above 3 percent in 2013, the same as in 2012. This is less than forecast in the April 2013 World Economic Outlook (WEO), driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as a more protracted recession in the euro area. Downside risks …Read More
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