Musmeci, Roberto, (2016), “Key Findings from the ECRI Statistical Package 2016”, CEPS, 18 Αυγούστου The ECRI Statistical Package 2016, Lending to Households and Non-Financial Corporations, offers an extensive and detailed overview of the credit market in the EU, providing data on the total lending extended by monetary financial institutions (MFIs) to domestic households and non-financial corporations (NFIs) in EU countries over the 1995-2015 period. The 2016 edition also provides data on …Read More

Hinterleitner, Markus, Sager, Fritz, Thomann, Eva, (2016), “The long and winding road to fiscal adjustment: How the IMF judges austerity programmes”, LSE Europpblog, 6 Σεπτεμβρίου IMF judgements on whether government austerity programmes can be successfully implemented are carefully followed by international financial markets. Markus Hinterleitner, Fritz Sager and Eva Thomann analyse the way the organisation has judged the credibility of austerity programmes in 14 European countries. They find that the IMF …Read More

Caldera , Aida, De Serres, Alain, Yashiro, Naomitsu, (2016), “Structural reforms in difficult times: The priorities”, VoxEU, 4 Σεπτεμβρίου Structural reforms can have adverse effects in the short run if implemented under weak macroeconomic conditions. This column argues that prioritising reform measures that bring short-term benefits even in a bad conjuncture, and packaging them to benefit from reform complementarities across product and labour markets, remains the most promising growth strategy, especially in …Read More

Weeks, John, (2016), “Eurozone Stagnation: Wrong Diagnosis, Wrong Medicine, No Recovery”, Social Europe, 2 Σεπτεμβρίου If a doctor misdiagnoses a patient’s malady and prescribes an inappropriate medicine, we would not expect recovery to good health. Should the doctor persist in the faulty diagnosis and prescribe further doses of the wrong medicine, the wise patient seeks a second opinion. As evidenced by the experience of Greece last year, it is the …Read More

Bossone, Biagio, (2016), “The true costs of helicopter money”, VoxEU, 5 Σεπτεμβρίου Some economists see helicopter money as a free lunch, because it can prompt growth without requiring higher debt financing. This column argues that if there are costs associated with the permanent injection of cash into the economy, they would diminish its effectiveness. Σχετικές Αναρτήσεις Heise, Michael, (2016), “The Unavoidable Costs of Helicopter Money”, Project Syndicate, 2 Σεπτεμβρίου Muellbauer, John, (2016), “Helicopter …Read More