Vcas-Soriano, Carlos, Fernández-Macías, Enrique, (2017), “EU Income Inequality And The Great Recession”, Social Europe, 21 Μαρτίου EU-wide income inequality declined notably prior to 2008, driven by a strong process of income convergence between European countries. The Great Recession broke this trend. After 2008, income convergence has been sluggish, while inequality within many countries has increased significantly. Despite the implicit assumption stemming from many EU policy documents that European economic integration should …Read More

iMFBlog, (2017), “Chart of the Week: Inequality and the Decline in Labor Share of Income”, 20 Μαρτίου As discussed in the IMF’s G20 Note, and a blog last week by IMF Managing Director Christine Lagarde, a forthcoming chapter of the World Economic Outlook seeks to understand the decline in the labor share of income (that is, the share of national income paid in wages, including benefits, to workers) in many countries …Read More

Lehmann, Alexander, (2017), “Carving out legacy assets: a successful tool for bank restructuring?”, Bruegel, 21 Μαρτίου Separating ‘legacy assets’ from banks’ core business is central to the rehabilitation of Europe’s banking system. How can Europe progress in its ongoing effort to rid the financial system of legacy assets, and equip it with renewed growth? Σχετικές Αναρτήσεις Honohan, Patrick, (2017), “Management and Resolution of Banking Crises: Lessons from Recent European Experience …Read More

ECB, (2017), “The 2017 macroeconomic imbalance procedure and implementation of the 2016 country-specific recommendations”, ECB, 21 Μαρτίου The MIP was introduced in 2011 and is now in its sixth year of application. It seeks to prevent the emergence of harmful macroeconomic imbalances in EU countries and to correct them where they are excessive. Following a screening exercise in autumn each year on the basis of a set of indicators, the …Read More