Springford, J., Tilford, S. & Whyte, P. (2014) “The economic consequences of leaving the EU, The final report of the CER commission on the UK and the EU single market“, Centre for European Reform, 09 Ιουνίου. The economic case for British membership of the EU has always rested on the country’s participation in the single market. After British Prime Minister David Cameron pledged a referendum on the UK’s continued …Read More
Oliver, T. (2014) “A ‘Brexit’ would have important implications at the European and international levels“, LSE EUROPP, 24 Ιουνίου. The implications of a ‘Brexit’ for the UK have been widely discussed, but the implications for the EU and other international powers have arguably received less attention. Tim Oliver explores the complex set of possibilities and implications at the European and international levels that both the UK and EU need …Read More
International Monetary Fund (2014) “The Fund’s Lending Framework and Sovereign Debt—Preliminary Considerations“, IMF Staff Report, 13 Ιουνίου. EXECUTIVE SUMMARY Background: As a follow-up to the Executive Board’s May 2013 discussion, this paper considers a possible direction for reform of the Fund’s lending framework in the context of sovereign debt vulnerabilities. The primary focus of this paper relates to the Fund’s exceptional access framework, since it is in this context …Read More
Wren-Lewis, S. (2014) “Real wages, monetary policy and innovation“, Mainly Macro Blog, 22 Ιουνίου. In my drive into Oxford I pass a petrol station that offers a car wash service. Ten or twenty years ago you would have expected this to involve a large degree of automation. However in this particular case it involves a few workers with hoses, mops and buckets. Now anyone who has seen my own …Read More
Ball, M. L. (2014) “Long-Term Damage from the Great Recession in OECD Countries“, NBER Working Paper No. 20185, Μάιος. This paper estimates the long-term effects of the global recession of 2008-2009 on output in 23 countries. I measure these effects by comparing current estimates of potential output from the OECD and IMF to the path that potential was following in 2007, according to estimates at the time. The losses …Read More
Haliassos, M. (2014) “The Fiscal Crisis as a Crisis in Trust“, Goethe University Frankfurt, Center for Financial Studies and SAFE, Frankfurt: 12 Μαΐου. The sources of the fiscal crisis have been different, but the prescribed measures amount to two: achieve budget surpluses to start reducing the size of the debt, and undertake the necessary reforms to create or boost the productive base, so as to make repayment of the …Read More
Morris , M. (2014) “EU: Reframing Can Go Hand in Hand with Reform“, Eurocrisis in the Press, LSE EUROPP, 20 Ιουνίου. Last year my colleague Giulio Carini and I wrote an article about ‘reframing’ the EU. We thought that the current frames supporters of the EU were using in the debate were obstructive and we wanted to suggest some alternatives. We were particularly motivated to do so because we …Read More
The World Bank (2014) “Little Green Data Book 2014“, International Bank for Reconstruction and Development, Ιούνιος. The Little Green Data Book 2014 is based on World Development Indicators 2014 and its online database. Defining, gathering, and disseminating international statistics is a collective effort of many people and organizations. The indicators presented in World Development Indicators are the fruit of decades of work at many levels, from the field workers …Read More
Fazi, Τ. (2014) “It’s Time To Stand Up To Troika Austerity (Part II)“, Social Europe Journal, 19 Ιουνίου. In the first part of this article I looked at the mounting evidence against austerity by organisations as varied as Caritas, the ILO, the Council of Europe and the IMF. So why is the European establishment pushing for more of the same? Social and economic misery and despair, growing inequality, dwindling public services, …Read More
Wren-Lewis, S. (2014) “Does Politics Dominate Economics In Eurozone Crisis Management?“, Social Europe Journal, 18 Ιουνίου. Athanasios Orphanides, leading academic macroeconomist and from 2007-12 Governor of the Central Bank of Cyprus, does not hold back in a recent paper. Here is just one quote: “During the crisis, key decision makers exhibited neither political leadership nor political courage. Rather than work towards containing total losses, politics led governments to focus on …Read More
