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Annual inflation up to 1.7% in the euro area

Eurostat/Annual inflation up to 1.7% in the euro area/17 Μαϊου 2019 The euro area annual inflation rate was 1.7% in April 2019, up from 1.4% in March 2019. A year earlier, the rate was 1.2%. European Union annual inflation was 1.9% in April 2019, up from 1.6% in March 2019. A year earlier, the rate was 1.5%. These figures are published by Eurostat, the statistical office of the European Union. …Read More

What is in store for the EU’s trade relationship with the US ?

Uri Dadush, (2019), «What is in store for the EU’s trade relationship with the US ?», Bruegel, 16 Μαϊου If faced with a resurgent President Trump after the next US election, the EU will have some difficult decisions to make as it is compelled to enter a one-sided negotiation. Failure to strike a deal will imperil the world’s largest trade relationship and contribute to the progressive unravelling of the rules …Read More

The ECB Song Contest?

Stefan Gerlach, (2019), «The ECB Song Contest?», Project Syndicate, 13 Μαϊου Choosing the next president of the European Central Bank should not be like picking the winner of the Eurovision Song Contest. Instead, Europe should ask which criteria candidates must satisfy to be an effective ECB president, and then search for the person who best meets them. Σχετικές Αναρτήσεις Craig Stirling, (2019), «Draghi Makes Sure Stimulus Lives On Even After …Read More

Ενδείξεις ανάκαμψης της γερμανικής οικονομίας

Η Καθημερινή, (2019), «Ενδείξεις ανάκαμψης της γερμανικής οικονομίας», 16 Μαϊου Την «πρώτη αχτίδα ελπίδας» αποτέλεσε, κατά τον Γερμανό υπουργό Οικονομικών Πέτερ Αλτμάιερ, ο ρυθμός ανάπτυξης 0,4% που κατέγραψε η γερμανική οικονομία κατά το α΄ τρίμηνο του 2019 ύστερα από δύο συναπτά τρίμηνα σταθερότητας. Ωστόσο, ο Αλτμάιερ, όπως και πολλοί οικονομολόγοι, παραμένει επιφυλακτικός όσον αφορά τις προοπτικές της γερμανικής οικονομίας, ενόψει των εξελίξεων στο διεθνές εμπόριο, οι οποίες θα μπορούσαν να …Read More

Germany’s even larger than expected fiscal surpluses: Is there a link with the constitutional debt brake?

Catarina Midoes and Guntram B. Wolff, (2019), «Germany’s even larger than expected fiscal surpluses: Is there a link with the constitutional debt brake?», Bruegel, 13 Μαϊου Germany is having a political debate on the adjustment of its budgetary plans due to revised forecasts, and an academic debate on the debt brake. Yet, since 2011, general government revenues and surpluses have been systematically and significantly higher than forecast. The German surplus …Read More

The Return of Fiscal Policy

Barry Eichengreen, (2019), «The Return of Fiscal Policy», Project Syndicate, 13 Μαϊου Public debt is not a free lunch in an economy close to full employment. But when investment demand tends to fall short of saving, as it does when monetary policymakers are unable to push inflation higher to reduce real interest rates, there is a risk of chronic underemployment – and a stronger argument for deficit spending. Σχετικές Αναρτήσεις …Read More

GDP up by 0.4% and employment up by 0.3% in the euro area

Eurostat/GDP up by 0.4% and employment up by 0.3% in the euro area/15 Μαϊου 2019 Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2019, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2018, GDP had grown by 0.2% in …Read More

How to design a stimulus package

Pascal Michaillat and Emmanuel Saez, (2019), «How to design a stimulus package», VoxEU, 13 Μαϊου Academics and policymakers alike have debated how to structure an optimal stimulus package since the Great Recession. This column revisits the arguments related to the size of the multiplier and the usefulness of public spending, and offers a blueprint for future stimulus packages. It finds that the relationship between the multiplier and stimulus spending is …Read More

Η Ευρώπη στα «χαρακώματα» λόγω εμπορικού πολέμου

naftemporiki.gr, (2019), «Η Ευρώπη στα «χαρακώματα» λόγω εμπορικού πολέμου», 11 Μαϊου HΠΑ και Κίνα διασταυρώνουν τα ξίφη τους, κλονίζοντας την εμπιστοσύνη των επενδυτών και φουντώνοντας τις ανησυχίες για την πορεία της παγκόσμιας οικονομίας. Οι εξελίξεις αποτελούν κακά μαντάτα για την Ευρώπη, σε μια εποχή που η οικονομία πασχίζει να ανακτήσει την αναπτυξιακή της δυναμική, έπειτα από μια δύσκολη χρονιά. Σχετικές Αναρτήσεις Ζωρζετ Ζολώτα, (2019), «Η Ευρωζώνη σε επιβράδυνση, η Ιταλία …Read More

Italy’s incurable economy

Silvia Sciorilli Borrelli, (2019), «Italy’s incurable economy», Politico, 13 Μαϊου Ιtaly’s economy is sick and the governing coalition can’t agree on the cure — among themselves or with Brussels. The European Commission said last week that the government’s flagship measures — an early retirement scheme and a citizens’ income (a monthly allowance for certain jobseekers) — failed to trigger the growth the League-5Stars coalition had envisaged. To make matters worse, …Read More