Darvas, Zsolt, Leandro, Álvaro, (2015), “Naughty students or the wrong school: why is the European Semester proving ineffective?”, Bruegel Blog, 18 Νοεμβρίου. The fundamental problem of economic policy coordination in the EU is that national policymakers are accountable to their national parliaments and focus on national interests, which in many cases differ widely in different member states. It is therefore not all that surprising that economic policy coordination in the EU hardly …Read More

Gaspar, Vitor, Hagan, Sean, (2015), “Corruption : A Hidden Tax on Growth”, iMFdirect, 5 Νοεμβρίου. In recent years, citizens’ concerns about allegations of corruption in the public sector have become more visible and widespread. From São Paulo to Johannesburg, citizens have taken to the streets against graft. In countries like Chile, Guatemala, India, Iraq, Malaysia and Ukraine, they are sending a clear and loud message to their leaders: Address corruption! Σχετικές Αναρτήσεις Koulovatianos, Christos, Tsoukalas, …Read More

Saraceno, Francesco, (2015), “The End Of German Hegemony – Really?”, Social Europe, 3 Νοεμβρίου. I was puzzled by Daniel Gros’ recent column in which he claims that Germany’s dominance of the EMU may be coming to an end. Gros’ argument is based on two facts. The first is the slowing growth rate of Germany, that seems to be heading towards the pre-crisis “normal” of slow growth (Germany grew less than the EMU …Read More

Danielsson, Jon, Fouché, Morgane, Macrae, Robert, (2015), “The macro-micro conflict”, Voxeu, 20 Οκτωβρίου There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during bad. This column explains that while the macro and micro objectives have always been present in regulatory design, their relative importance has varied according to the changing requirements of economic, financial and political cycles. The conflict between the two seems set to …Read More

Mody, Ashoka, (2015), “Clueless in Europe”, Bloomberg View, 19 Οκτωβρίου Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only “if necessary.” He should stop listening to Europe’s scolds and do the right thing. Σχετικές Αναρτήσεις Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 Οκτωβρίου Weeks, John, (2015). “Euro Deflation …Read More

Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 Οκτωβρίου Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008 financial crisis, is gradually weakening – with far-reaching implications for the European Union. Of course, from a soft-power perspective, the mere fact that people believe Germany is strong bolsters the country’s status and strategic position. But it …Read More