Bruzelius, Cecilia, Seeleib-Kaiser, Martin, (2016), “The case for a European minimum income scheme for jobseekers”, LSE EUROPP blog, 15 Δεκεμβρίου On 13 December, the European Commission put forward a proposal to change the way EU citizens can access social benefits in other EU countries. Cecilia Bruzelius and Martin Seeleib-Kaiser argue that the proposal fails to address key weaknesses in the existing system and should be complemented by a European Minimum Income Scheme …Read More

Schoenmaker, Dirk, (2016), “European insurance union and how to get there”, Bruegel, 13 Δεκεμβρίου What are the arguments for and against centralisation of insurance supervision? What would be the scope of a possible insurance union, and what would the legal basis be? How rapid should the move to insurance union be? This Policy Brief sets out to answer these questions. Σχετικές Αναρτήσεις Guntram B. Wolff, (2016), “The European Deposit Insurance …Read More

Danielsson, Jon, Macrae, Robert, Tsomocos, Dimitri, Zigrand, Jean-Pierre, (2016), “Why macropru can end up being procyclical”, VoxEu, 15 Δεκεμβρίου Discretionary macroprudential policies aim to be countercyclical by adjusting risk-taking across the financial cycle. This column argues that the opposite effect may happen in certain cases. Depending on how regulators measure risk and how they react, the eventual outcome may well be procyclical, with serious unintended consequences. Σχετικές Αναρτήσεις Merler, Silvia, …Read More

Μαρκαγιάννης, Κώστας, (2016), “Αυξάνει τα επιτόκια η Fed – Ταχύτερη άνοδό τους «βλέπει» το 2017”, Καθημερινή, 14 Δεκεμβρίου Η αμερικανική ομοσπονδιακή τράπεζα (Fed) αύξησε τα αμερικανικά επιτόκια δανεισμού κατά 0,25% και άφησε να εννοηθεί ότι θα τα αυξήσει με ταχύτερο ρυθμό το 2017 εκτιμώντας ότι η πολιτική Τραμπ θα ενισχύσει την οικονομική ανάπτυξη. Η Fed διαμόρφωσε το βασικό επιτόκιο δανεισμού μεταξύ 0,50% και 0,75%. Σχετικές Αναρτήσεις Bασιλοπουλου, Θεοδωρα, Tσουγκα, Aναστασια, (2016), “Ιταλία: …Read More

Darvas, Zsolt, (2016), “Explaining inequality”, Bruegel, 13 Δεκεμβρίου Is technological progress behind growing income inequality? Zsolt Darvas argues increased automation is only part of the explanation. There is a growing awareness that income inequality has increased in a number of developed countries. The lucky ones, with high levels of accumulated wealth, assets and top incomes, earn more and more, while those who are at the bottom of the income distribution …Read More

Andor, László, Pasimeni, Paolo, (2016), “An unemployment benefit scheme for the Eurozone”, VoxEu, 13 Δεκεμβρίου Since its inception, the Eurozone has had lower growth and higher unemployment rates than other regions, which suggests the need for new fiscal instruments. This column argues for a stabilisation instrument based on unemployment as the driving indicator. This unemployment benefit scheme coud take the form of a basic common European scheme, or a reinsurance fund …Read More

Merler, Silvia, (2016), “The political economy of macroprudential policy”, Bruegel, 12 Δεκεμβρίου What’s at stake: the emergence of renewed interest in macroprudential policy has characterised the aftermath of the great recession. There is not yet full agreement on what the tasks of macroprudential policy is or how it should be carried out, but there is a clear understanding that there is an important political economy dimension to it. We review …Read More

Gamberoni, Elisa, Giordano, Claire, Lopez-Garcia, Paloma, (2016), “Misallocating capital and labour across firms: Trends and determinants in selected Eurozone economies”, VoxEu, 13 Δεκεμβρίου An efficient allocation of inputs across firms is a necessary condition to boost TFP growth. This column presents evidence that in large Eurozone economies, capital misallocation trended upwards in the period 2002-2012 while labour misallocation dynamics were flatter. Uncertainty and credit market frictions were strongly associated with …Read More

Demertzis, Maria, B.Wolff, Guntram, (2016), “Eurozone QE and bank profitability: Why it is too early to taper”, Bruegel, 8 Δεκεμβρίου In the eyes of the critics, the quantitative easing programs have been of little help to growth and inflation and have instead been an attack on savers, undermining the profitability of banks and insurances. Do these arguments stand scrutiny? Σχετικές Αναρτήσεις Hüttl, Pia, Merler, Silvia, (2016), “An update: Sovereign bond holdings …Read More

Dabrowski, Marek, (2016), “Challenges to debt sustainability in advanced economies”, Bruegel, 8 Δεκεμρίου The gross general government debt-to-GDP ratios in many advanced economies have reached the highest levels in peacetime history and continue to grow, putting into question sovereign solvency in these economies. Σχετικές Αναρτήσεις Dabrowski, Marek, (2016), “Are advanced economies at risk of falling into debt traps?”, Bruegel, 10 Νοεμβρίου Marsh, Chris, Nagly, Dominik, Pagoulatos, George, Papaioannou, Elias, (2016), …Read More