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Institutions and Growth in Europe

Masuch, Klaus, Moshammer, Edmund, Pierluigi, Beatrice (2016), “Institutions and Growth in Europe”,  CEPS Working Document No. 421,  14 Απριλίου This paper provides empirical evidence in support of the view that the quality of institutions is an important determinant of long-term growth of European countries. When also taking into account the initial level of GDP per capita and government debt, cross-country institutional differences can explain to a great extent the relative long-term GDP …Read More

The Refugee Surge in Europe : Economic Challenges

Aiyar, Shekhar, Barkbu, Bergljot, Batini, Nicoletta, Berger, Helge, Detragiache, Enrica, Dizioli, Allan, Ebeke, Christian,  Lin, Huidan, Kaltani, Linda, Sosa, Sebastian, Spilimbergo, Antonio, Topalova, Petia, (2016), “The Refugee Surge in Europe : Economic Challenges”, IMF Staff Discussion Note SDN/16/02, Ιανουάριος The dislocation of large parts of the population in Syria and other conflict zones is, first and foremost, a humanitarian catastrophe with important ramifications across many countries in the Middle East, Europe, and beyond. This note focuses on one facet of this complex issue, the economic aspects of the surge in asylum …Read More

Can only Eurosceptics oppose austerity? How divisions over integration have replaced the left/right divide in the European Parliament

Van der Veer, Harmen, Otjes, Simon, (2016), “Can only Eurosceptics oppose austerity? How divisions over integration have replaced the left/right divide in the European Parliament”,  LSE blogs/Europpblog, 12 Απριλίου How do economic platforms interact with support for European integration?Harmen van der Veer and Simon Otjes write that the dynamics within the European Parliament have undergone a shift since the beginning of the Eurozone crisis. Whereas in previous periods the key divide in the …Read More

The EU, a Fair-Weather Ship Between Scylla and Charybdis

Hänska, Max, (2016), “The EU, a Fair-Weather Ship Between Scylla and Charybdis”, LSE blogs/EuroCrisis, 5 Απριλίου The EU faces debilitation by multiple crises: economic malaise and high unemployment, an influx of refugee and mounting security concerns. They all lay bare that resilience was not build into the EU’s architecture, it lacks the institutional capacities to respond to external shocks. Either its members create the capacities needed to respond resolutely to such …Read More

Neo-Functionalism as a Theory of Disintegration

Schmitter, Philippe C., Lefkofridi, Zoe, (2016), “Neo-Functionalism as a Theory of Disintegration”, Chinese Political Science Review (2016) 1:1–29, Μάρτιος In this article, we exploit neo-functionalism as a conceptual and theoretical instrument that helps understand the current crisis and its future consequences. We formulate a series of suppositions and hypotheses, which we evaluate using existing data sources and related research. Our empirical analysis produces a mixed picture: though reality seems to conform with …Read More

Providing political leadership? : three case studies on Germany’s ambiguous role in the eurozone crisis

Schoeller, Magnus G., (2016), “Providing political leadership? : three case studies on Germany’s ambiguous role in the eurozone crisis”,  Journal of European public policy, Throughout the eurozone crisis, observers called upon Germany to assume leadership. Yet, Germany has not emerged as the hoped-for leader. According to the issue at stake, we observe three different outcomes: firstly, Germany refused to lead; secondly, Germany assumed leadership, but failed to deliver; thirdly, Germany …Read More

The Origins of the Common Market: Political Economy vs. Hagiography

Karagiannis, Yannis, (2015), “The Origins of the Common Market: Political Economy vs. Hagiography”, Journal of Common Market Studies, 25 Ιουνίου Following a historiographical tradition which emphasizes the individual agency of specific individuals, a recent article claims that Jean Monnet’s ‘path-breaking’ ideas and actions were a necessary condition for the Schuman declaration of 1950. I show that, like other deterministic claims about necessary conditions, this is at odds with current political science theory, …Read More

Policy options and risks of an extension of the ECB’s quantitative easing programme: An analysis

Gerba, Eddie, Macchiarelli, Corrado, (2016), “Policy options and risks of an extension of the ECB’s quantitative easing programme: An analysis”, European Parliament, Φεβρουάριος During the press conference on 3 December 2015, president Mario Draghi reiterated the readiness of the ECB to adopt additional measures in order to maintain an appropriate degree of monetary accommodation. Different options are available, including the increase in the amount of monthly purchases of assets, currently set at 60 …Read More

Reality Check for the Global Economy

Acalin, Julien, Blanchard, Olivier, et al., (2016), “Reality Check for the Global Economy”, PIIE Briefing 16-3, Μάρτιος. After five years of disappointing recovery throughout the major economies, almost everyone is ready to believe the worst. The widespread large declines in global asset prices indicate a significant divergence between what financial markets fear and what most mainstream macroeconomic forecasts are showing for the world economy. Having some clarity to distinguish between the more solid underlying economic …Read More

Europe’s troublemakers-The populist challenge to foreign policy

Balfour, Rosa, Emmanouilidis, Janis A., Fieschi, Catherine, et al., (2016), “EUROPE’S TROUBLEMAKERS – The populist challenge to foreign policy”, European Policy Centre, 8 Μαρτίου. The growing intertwining of domestic and international politics is changing our understanding of both foreign relations and democratically legitimate government. At the same time, populist parties are thriving, challenging the status quo and the ruling elite, becoming the new ‘troublemakers’. As the transformative impact of populism on foreign relations has been little …Read More