B. Bakker, Bas, (2015), ” Employment and the Great Recession : The Role of Real Wages”, IMF publications, 28 Οκτωβρίου This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of adjustment of real wages and the impact this had on labor productivity also played a role. In many …Read More
Darvas, Zsolt, Simon, Andras, (2015), “Filling the gap: open economy considerations for more reliable potential output estimates”, Bruegel publications, 22 Οκτωβρίου This paper proposes a novel structural model to estimate the equilibrium level of output and reports results for 45 countries. The model is conceptually more appropriate than existing methods by incorporating open economy considerations, which are completely missing from the models of the European Commission, IMF and OECD. Σχετικές …Read More
Galgóczi, Béla, Leschke, Janine, (2015), “Free movement of labour in Europe: a solution for better labour allocation?”, European Trade Union Institute, Ιούνιος The European Commission has time and again promoted intra-EU labour mobility as a major contributor to the better functioning of European labour markets. On the other hand, concerns about increasing labour mobility are mounting in a number of member states and populist parties are trying to capitalise on …Read More
Chalmers, Adam William, (2015), “Financial industry mobilisation and securities markets regulation in Europe”, European Journal of Political Research, Issue 3, Volume 54, Αύγουστος The 2007–2009 financial crisis has led to considerable debate about the role of financial industry actors in global regulatory processes. This article seeks to contribute to this debate by assessing when and why financial industry actors mobilise in order to influence securities markets regulations. Do these mobilisation …Read More
Arpaia, Alfonso, Kiss, Aron, Palvolgyi, Balazs,Turrini, Alessandro, (2015), “Labour Mobility and Labour Market Adjustment in the EU”, Institute for Study of Labour (IZA), Αύγουστος This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration flows. Econometric evidence …Read More
Zenou, Yves, (2015), “A Dynamic Model of Weak and Strong Ties in the Labor Market”, Journal of Labor Economics, Issue 4, Volume 33, Οκτώβριος The study develops a simple model where workers can obtain a job through either their strong or weak ties. It shows that increasing the time spent with weak ties raises the employment rate of workers. It also shows that when the job-destruction rate or the job-information …Read More
Forgó, Balázs, Jevčák, Anton, (2015), “Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)”, European Commission publications, Discussion Paper 001, JULY 2015 This paper takes stock of the progress achieved by the ten Central and Eastern European countries, which entered the EU in 2004 and 2007, in terms of their real and nominal economic convergence visà- vis the twelve EU Member States which were part of the euro area in …Read More
Cross, Mai’ai K. Davis, Ma, Xinru, (2015), “EU crises and integrational panic: the role of the media”, Journal of European and Public Policy, Volume 22, Issue 8, pages 1053-1070, 26 January 2015. Even a casual look at the history of the European Union (EU) since its inception in 1957 shows that at numerous junctures through its development the EU (or European Economic Community/European Community [EEC/EC] in its previous incarnations) has …Read More
Jaumotte, Florence, Osorio Buitron, Carolina, (2015), “Inequality and Labor Market Institutions”, IMF Staff Discussion Note, SDN /15/14, July The rise of inequality in advanced economies, and in particular the growing concentration of incomes at the top of the distribution, has become a greater focus of attention for economists and policymakers. Understanding the factors behind this phenomenon is essential to determine whether policy action is needed to reduce income inequality, taking into account other policy objectives. Traditional …Read More
Gandrud, Christopher, Hallerberg, Mark, (2015), “Does Banking Union Worsen the EU’s Democratic Deficit? The Need for Greater Supervisory Data Transparency”, Journal of Common Market Studies, Volume 53, Issue 4, Pages 703–935, July 2015 Does banking union exacerbate the European Union’s democratic deficit? Using Scharpf’s ‘input’ and ‘output’ legitimacy concepts, it is argued in this article that its design does worsen the democratic deficit. There are good reasons to limit ‘input legitimacy’ for …Read More
