European Commission, (2015), “Progress towards meeting the economic criteria for EU accession: the EU Commission’s 2015 assessments”, Institutional Papers 015, Δεκέμβριος A compilation of the economic chapters of the European Commission’s 2015 Country Reports on countries looking to join the EU. Σχετικές Αναρτήσεις Forgó, Balázs, Jevčák, Anton, (2015), “Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)”, European Commission publications, Discussion Paper 001, JULY 2015 Gross, Marco, Poblacion, …Read More
Colonialism and Foreign Ownership of Capital
Hazari, Bharat, (2015), “Colonialism and Foreign Ownership of Capital”, Routledge publications, Ιανουάριος 2016 Foreign control of capital is a major problem for many developing countries and can lead to the exercise of a form of colonial control whereby capital is provided for political rather than economic reasons. This book discusses the implications of this phenomenon for trade theory and the amount of pressure that foreign countries can exert. Σχετικές Αναρτήσεις J. …Read More
Report on Public Finances in EMU 2015
European Commission, (2015), “Report on Public Finances in EMU 2015”, Institutional Paper 14, Δεκέμβριος The European Commission’s annual Report on Public Finances in the EMU provides an overview of key policy developments and analytical findings in this area. The report describes recent development with deficits and debt, underlining the need to achieve a balance between short-term stability and long-term sustainability of public finances. The focus this year is the challenge …Read More
Stabilisation and rebalancing with fiscal or monetary devaluation: a model-based comparison
Vogel, Lukas, (2015), “Stabilisation and rebalancing with fiscal or monetary devaluation: a model-based comparison”, Discussion Paper No. 22, European Commission publications, Δεκέμβριος This paper takes a theoretical look at the extent to which fiscal devaluation policies, such as shifting the tax burden from labour to consumption, can achieve the same benefits as nominal exchange rate depreciation. Σχετικές Αναρτήσεις Delbecque, B., (2013), “Proposal for a Stabilisation Fund for the EMU”, Centre for …Read More
Italy’s Spending Maze Runner – An analysis of the structure and evolution of public expenditure in Italy
Lorenzani, Dimitri, Reitano, Vito Ernesto, (2015), “Italy’s Spending Maze Runner – An analysis of the structure and evolution of public expenditure in Italy”, Discussion Paper No. 23, European Commission publications, Δεκέμβριος This paper explores the composition and developments of public expenditure in Italy and compares them with other big Member States. On the basis of this analysis, it draws several possible policy implications. Based on the latest available data by economic classification and …Read More
Euro area sees employment rebound
European Central Bank, (2015), “Euro area sees employment rebound”, Economic Bulletin, 14 Δεκεμβρίου Euro area headcount employment has increased by over 2.2 million since the post-crisis low in the middle of 2013. This article investigates the sources and characteristics of this rebound, finding that it is heavily concentrated in some of the worst-hit labour markets, to a considerable extent in low productivity sectors. Σχετικές Αναρτήσεις ECB (2015) Update on Economic …Read More
Deutsche Bank Leads a Retreat From Markets
Gilbert, Mark, (2015), “Deutsche Bank Leads a Retreat From Markets”, Bloomberg View, 23 Δεκεμβρίου For five consecutive years, the end of December has seen Deutsche Bank atop the annual league tables as the bank that handled the most European bond sales. Not this year.With recently installed Co-Chief Executive Officer John Cryan pledging to shrink its investment banking activities, Deutsche Bank is set to slip to third place, behind HSBC and Barclays. …Read More
Financial Crises: Causes, Consequences, and Policy Responses
Claessens, Stijn, Kose, Ayhan, Laeven, Luc, Valencia, Fabian, (2014), “Financial Crises: Causes, Consequences, and Policy Responses”, IMF Bookstore, Φεβρουάριος 2014 Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons …Read More
How the Fed Just Reduced Inequality
Friedman, Alexander, (2015), “How the Fed Just Reduced Inequality”, Project Syndicate, 16 Δεκεμβρίου The US Federal Reserve has finally done it, raising interest rates for the first time in almost a decade. The ramifications for interest-rate spreads, emerging-market equities, and housing demand, among much else, are the subject of widespread debate. But, as markets learn to cope with a less accommodative monetary policy, there could be an important silver lining, …Read More
Matching research and innovation policies in EU countries
Veugelers, Reinhilde, (2015), “Matching research and innovation policies in EU countries”, Bruegel publications, 22 Δεκεμβρίου Europe has lofty ambitions for building a socially and environmentally sustainable future on the basis of growth and prosperity through innovation. Despite these policies and pronouncements, Europe’s performance on innovation remains weak. In this context, Rienhilde Veugelers assesses whether the deployment of innovation policy instruments in EU countries matches their innovation capacity performance relative to …Read More