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
European Business Cycle Indicators-3rd Quarter 2015
European Commission, (2015), “European Business Cycle Indicators – 3rd Quarter 2015”, Technical Paper 003, Οκτώβριος After the broadly flat development over the second quarter of 2015, the EU and the euroarea Economic Sentiment Indicators (ESI) embarked on an upward trend in the third quarter of 2015, thanks mostly to increases in July and September. At the end of the third quarter of 2015, the ESI scored rathercomfortably above the long-term average of 100 in both the EU (at …Read More
The End of German Hegemony
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
Euro Deflation And How To Interpret It
Weeks, John, (2015), “Euro Deflation And How To Interpret It”, Social Europe Journal, 12 Οκτωβρίου If you read Larry Summers in the Financial Times, you know that recent data confirm falling prices in the euro zone. Summers argues that the deflation indicates global stagnation, though we find disagreement on the appropriate interpretation. For some it is no more than the transitory effect of falling petroleum prices. Σχετικές Αναρτήσεις Muellbauer, J. (2014) …Read More
Towards a sustainable European economy
Daryoush, Toutia, Hedberg, Annika, Pardo, Romain, (2015), “Towards a sustainable European economy”, European Policy Center publications, 13 Οκτωβρίου As outlined in the European Environment Agency’s report on “The European Environment – State and Outlook 2015” (SOER 2015), global trends such as world population growth, growing demand for resources, climate change and environmental pollution, increasing pressures on ecosystems, urbanisation and technological advancements are affecting also Europe. Annika Hedberg (Senior Policy Analyst), Romain Pardo (Policy Analyst) …Read More
The Crisis Europe Needs
Eichengreen, Barry, (2015), “The Crisis Europe Needs”, Social Europe Journal, 15 Οκτωβρίου It’s hard to be optimistic about Europe. Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart. In country after country, extremist political parties are gaining ground. And Russian President Vladimir Putin’s incursion into Ukraine, in the EU’s backyard, has turned the common European foreign and security policy into a punch …Read More
Labour Mobility and Labour Market Adjustment in the EU
Arpaia, Alfonso, Kiss, Aron, Palvolgyi, Balazs,Turrini, Alessandro, (2015), “Labour Mobility and Labour Market Adjustment in the EU”, Institute for Study of Labour (IZA), Αύγουστος This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration flows. Econometric evidence …Read More
Global Wealth Databook 2015
Credit Suisse, (2015), “Global Wealth Databook 2015”, Research Institute, Οκτώβριος An analysis of the global pattern of wealth holdings by individuals requires information on the distribution of wealth within countries. Direct observations on wealth distribution across households or individuals are available for 31 countries. One set of figures was selected for each of these nations, with a preference for the most recent year, and for the most reliable source of information. Summary details are …Read More
Macro diversification through trade
Caselli, Francesco, Koren, Miklós, Lisicky, Milan, Tenreyro, Silvana, (2015), “Macro diversification through trade”, Voxeu, 14 Οκτωβρίου A widely held view in academic and policy circles is that openness to international trade and specialisation leads to higher GDP volatility. This column argues that openness to international trade can also lower a country’s GDP volatility by allowing it to diversify its sources of demand and supply, and hence reduce its exposure to …Read More
Beyond Mainstream Explanations of the Financial Crisis
Hossein-zadeh, Ismael, (2014), “Beyond Mainstream Explanations of the Financial Crisis”, International Political Economy Series, Routledge publications, 15 Απριλίου The study argues that while the prevailing views of deregulation and financialization as instrumental culprits in the explosion and implosion of the financial bubble are not false, they fail to point out that financialization is essentially an indication of an advanced stage of capitalist development. These standard explanations tend to ignore the …Read More