Falkner, Gerda, (2016), “The EU’s current crisis and its policy effects: research design and comparative findings”, Journal of European Integration, 24 Μαρτίου The paper summarises a collaborative international research project comparing the impact of the ongoing conglomerate of crises in nine EU policies. All of them saw significant crisis-induced pressures and challenges. Beyond changes in discourse, the crisis-induced pressures have, in many areas, also triggered a rather sizable amount of policy …Read More
Demand decomposition in trade: Quality and taste
Di Comite, Francesco, Thisse, Jacques-François, Vandenbussche, Hylke, (2016), “Demand decomposition in trade: Quality and taste”, Voxeu, 12 Απριλίου The trade literature has long focused on firms’ productivity as an explanation for export performance. But what about the demand side? This column looks at firms’ appeal in terms of quality and consumer taste. Using Belgian firm-level data, it suggests that tastes could account for 45% of the variation in export quantities across countries. Σχετικές …Read More
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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
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Basic Income And Social Democracy
Van Parijs, Philippe, (2016), “Basic Income And Social Democracy”, Social Europe, 11 Απριλίου The idea of an unconditional basic income is in fashion. From Finland to Switzerland, from San Francisco to Seoul, people talk about it as they have never done. Twice before, basic income was the object of a real public debate, albeit briefly and limited to one country at a time. In both episodes, the centre left played a …Read More
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SME Financing in the EU: Moving beyond one-size-fits-all
Demary, Markus, Hornik, Joanna, Watfe,Gibran, (2016), “SME Financing in the EU: Moving beyond one-size-fits-all”, Bruges European Economic Policy Briefings 40 / 2016, The proposal for a European Capital Markets Union (CMU) carries large potential economic benefits from enhancing the financing possibilities for Small and MediumSized Enterprises (SMEs). By deepening the capital markets and strengthening crossborder integration, the European Commission hopes to stimulate economic growth and boost employment. In this paper, we …Read More
Fiscal Councils: Rationale and Effectiveness
Beetsma, Roel M.W.J., Debrun, Xavier, (2016), “Fiscal Councils: Rationale and Effectiveness”, IMF WP/16/86, Απρίλιος The paper discusses the effectiveness of independent fiscal institutions—or fiscal councils—in taming the deficit bias that emerged in the 1970s. After a review of the main theoretical arguments and recent trends about fiscal councils, we develop a stylized model showing how a fiscal council can effectively mitigate the deficit bias even though it has no direct lever on …Read More
Permanent Budget Surpluses as a Fiscal Regime
Haffert, Lukas, (2016), “Permanent Budget Surpluses as a Fiscal Regime“, MPIfG Discussion Paper 16/1, Φεβρουάριος This paper challenges the focus on budget deficits that permeates the literature on fiscal policy. It analyzes countries running budget surpluses and asks why some of them preserved these surpluses while others did not. Whereas several OECD members recorded surpluses for just a few years, balanced budgets became the norm in Australia, Canada, Denmark, Finland, New Zealand, and …Read More
Deterrence in EU merger policy
Clougherty, Joseph A., Duso, Tomaso, Seldeslachts, Jo, (2016), “Deterrence in EU merger policy”, VoxEU, 9 Απριλίου Though there is a consensus that competition is welfare enhancing, it is less clear whether competition policy effectively stimulates competition. This column presents new findings on the deterrence effects of merger policy in the EU. The evidence shows that initial phase remedies uniquely involve deterrence in the European context, while other policy actions do …Read More
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The Eurozone’s Zeno paradox – and how to solve it
Pisani-Ferry, Jean, (2016), “The Eurozone’s Zeno paradox – and how to solve it”, VoxEU, 10 Απριλίου The dramatic episodes in the Eurozone in the past few years called for a number of policy reactions. Yet the response was usually limited to what was deemed indispensable to ensure survival. This column discusses how such half-solutions paved the way for future crises. The author also puts forward a few proposals regarding the …Read More
The Financial Crisis, Austerity And The Drift From The Centre
Wren-Lewis, Simon, (2016), ” The Financial Crisis, Austerity And The Drift From The Centre”, SocialEurope, 8 Απριλίου There are two obvious points here. First, the much more serious divisions within the Conservatives appear to be over Europe, which also appear completely unconnected to the financial crisis. Second, which I will return to at the end, is the extent to which the financial crisis and austerity are linked.(…) One interesting question for me is how much the …Read More
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