Eichengreen, Barry, (2017), “The Age Of Hyper-Uncertainty”, Social Europe, 9 Ιανουαρίου The year 2017 will mark the 40th anniversary of the publication of John Kenneth Galbraith’s The Age of Uncertainty. Forty years is a long time, but it is worth looking back and reminding ourselves of how much Galbraith and his readers had to be uncertain about. In 1977, as Galbraith was writing, the world was still reeling from the effects …Read More
European Commission, (2017), “Debt Sustainability Monitor 2016”, European Commission, Ιανουάριος 2017 The economic and financial crisis has left a legacy of high public debt burdens in a number of EU countries, in some cases accompanied by contemporaneously high debt in the private sector, thus making deleveraging more difficult. Furthermore, the current macroeconomic context of moderate GDP growth and very low inflation (well below the ECB objective of below but close …Read More
Gros, Daniel, (2017), “Can the EU survive in an age of populism?”, CEPS, 9 Ιανουαρίου Despite the formidable threats currently facing the EU, Daniel Gros offers reassurances that its multi-level democracy and open economy will become more attractive again once the populists fail to deliver and weakened checks and balances lead to excesses. Another year has passed and another threat to the existence of the European Union is looming. The …Read More
Den Haan, Wouter, Ellison, Martin, Ilzetzki, Ethan, McMahon, Michael , Reis, Ricardo, (2017), “The future of central bank independence: Results of the CFM–CEPR Survey”, VoxEu, 10 Ιανουαρίου Over the past 30 years, most central banks across the advanced economies have been given the ability to conduct monetary policy independently from interference by fiscal and political authorities. The latest Centre for Macroeconomics and CEPR expert survey invited views on whether this era …Read More
Boone, Christopher, Dube, Arindrajit, Goodman, Lucas, Kaplan, Ethan, (2017), “The impact of unemployment insurance expansion on aggregate employment during the Great Recession”, VoxEu, 8 Ιανουαρίου The Unemployment Insurance programme in the US was significantly expanded during between 2008 and 2014. This column examines the effect of unemployment insurance duration on aggregate employment during the Great Recession using state-level expansions and contractions in insurance generosity. It finds a positive but not …Read More
Canepa, Francesco, (2017), “Σε στάση αναμονής η ΕΚΤ“, Η Καθημερινή/Reuters, 6 Ιανουαρίου H δραστική αναθέρμανση του πληθωρισμού στην Ευρωζώνη και οι καλύτερες από τις αναμενόμενες προοπτικές των επιχειρηματικών δραστηριοτήτων αναμένεται πως θα επαναφέρουν στο προσκήνιο το αίτημα ορισμένων σκληροπυρηνικών της ΕΚΤ για διακοπή της πάρα πολύ χαλαρής νομισματικής πολιτικής της. Σχετικές Αναρτήσεις Darvas, Zsolt, (2016), “Has ECB QE lifted inflation?”, Bruegel Blog, 13 Ιανουαρίου. Eurostat/Flash estimate – December 2016 Euro area annual …Read More
Καθημερινή, (2017), “Οι λανθασμένες στρατηγικές επιλογές της Monte dei Paschi“, Καθημερινή, 6 Ιανουαρίου Οι περισσότεροι Ιταλοί σχολιαστές συμφωνούν πως τα προβλήματα της Monte dei Paschi di Siena, της αρχαιότερης τράπεζας στην Ευρώπη (ιδρύθηκε το 1472), οφείλονται σε μεγάλο βαθμό στις αθέμιτες πιέσεις και παρεμβάσεις του πολιτικού συστήματος. Σχετικές Αναρτήσεις Καραγιάννης, Κώστας, (2016), “Κρατική διάσωση για την Monte Paschi”, Καθημερινή, 23 Δεκεμβρίου Καθημερινή, (2016), “Ρώμη κατά ΕΚΤ για το κόστος διάσωσης …Read More
Véron, Nicolas, (2017), “ECB finally addressing Italian bank woes”, Bruegel, 4 Ιανουαρίου Most of Italy’s banks, many of which are small and local, have politicized governance features that blur commercial incentives. As a consequence, they were unable to rein in their lending during the downturn of the late 2000s. Many of these loans turned sour in subsequent years and local connections prevented the banks from working them out, so they …Read More
Cahuc, Pierre, Charlot, Olivier, Malherbet, Franck, Benghalem, Hélène, Limon, Emeline, (2017), “Taxation of temporary jobs: Good intentions but bad outcomes”, VoxEu, 5 Ιανουαρίου Temporary job contracts account for a substantial proportion of the workforce in countries such as France and Spain, but they can result in high job turnover and instability. This column assesses the impact of government policies that impose taxes on temporary contracts to induce employers to lengthen …Read More
Foti, Klara, Fromm, Andrea, (2016), “Approaches to the labour market integration of refugees and asylum seekers”, Eurofound, Δεκέμβριος Providing swift access to the labour markets of host countries is part of the solution to Europe’s refugee crisis. This report takes forward existing research on the labour market integration of refugees (those with the officially recognised status of international protection) and asylum seekers (those who have applied for international protection and …Read More
