Organization for Economic Co-operation and Development, (2016), “The effect of the size and mix of public spending on growth and inequality”, OECD Economics Department, 24 Νοεμβρίου The size and mix of public spending can have a considerable effect on growth and inequality. For instance, too large governments tend to reduce growth, unless governments function in a highly effective way. On the other hand, large governments tend to redistribute more, thereby …Read More
The distribution of the growth dividends
Hermansen, Mikkel, Ruiz, Nicolas, Causa, Orsetta, (2016), “The distribution of the growth dividends”, OECD Economics Department Working Papers No. 1343, 17 Νοεμβρίου Widespread increases in inequality over the past three decades have raised the question of the distribution of the growth dividends. This paper finds that there is no single answer to this question. The mechanisms that link growth and income inequality are found to differ depending on the sources of …Read More
Fleeing from Italy
Reinhart, Carmen, (2016), “Fleeing from Italy”, Project Syndicate, 23 Νοεμβρίου Italy’s referendum on December 4 will give voters the opportunity to approve or reject what some have described as the country’s most extensive constitutional reforms since the abolition of the monarchy at the end of World War II. Yet it may be the fact that Italy’s three opposition parties all favor exiting the euro that explains why Prime Minster Matteo …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Income inequality has been falling in the EU
Darvas, Zsolt, (2016), “Income inequality has been falling in the EU”, Bruegel, 23 Νοεμβρίου The properly measured EU-wide Gini coefficient of disposable income inequality shows that inequality in the EU as whole declined in 1994-2008, after which it remained broadly stable. However, within the EU, there are large differences in income inequality which require policy action. Σχετικές Αναρτήσεις Marzinotto, Benedicta, (2016), “Income Inequality and Macroeconomic Imbalances under EMU”, LSE, Μάιος Marzinotto, Benedicta, …Read More
The Distributional Impact of Structural Reforms
Causa, Orsetta, Hermansen, Mikkel, Ruiz, Nicolas, (2016), “The Distributional Impact of Structural Reforms”, OECD Economics Department Working Papers No. 1342, 17 Νοεμβρίου In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on household incomes across the distribution, …Read More
Doing Business 2017 – Equal Opportunity for All
World Bank Group, (2016), “Doing Business 2017 – Equal Opportunity for All”, The World Bank, 24 Νοεμβρίου Doing Business 2017: Equal Opportunity for All, a World Bank Group flagship publication, is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 …Read More
Using the fiscal levers to escape the low-growth trap
Organisation for Economic Co-operation and Development, (2016), “Using the fiscal levers to escape the low-growth trap”, OECD Economics Department, 24 Νοεμβρίου In the context where public debt has reached high levels in most OECD countries, it is important to assess the extent of countries’ fiscal space and the temporary deficit increase they can afford to run. A rethink is needed for how the fiscal policy stance should be evaluated, particularly …Read More
Watch Italy’s referendum for potential banking problems
Codogno, Lorenzo, Monti, Mara, (2016), “Watch Italy’s referendum for potential banking problems”, LSE EUROPP blog, 22 Νοεμβρίου Italy’s constitutional referendum is fast approaching and financial markets are already jittery. Lorenzo Codogno and Mara Monti write that while some observers have pointed to the risk of the Five Star Movement getting into power, or even Italy leaving the euro, these are unlikely developments, at least in the short term. The real issue …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
An update: Sovereign bond holdings in the euro area – the impact of QE
Hüttl, Pia, Merler, Silvia, (2016), “An update: Sovereign bond holdings in the euro area – the impact of QE”, Bruegel, 22 Νοεμβρίου Since the ECB’s announcement of its QE programme in January 2015, national central banks have been buying government and national agency bonds. In this post we look at the effect of QE on sectoral holdings of government bonds, based on our recently updated dataset. Σχετικές Αναρτήσεις Pia Huttl, Silvia …Read More
Addressing market failures in the resolution of nonperforming loans in the euro area
European Central Bank, (2016), “Addressing market failures in the resolution of nonperforming loans in the euro area”, ECB, 22 Νοεμβρίου The high stock of non-performing loans (NPLs) on the balance sheets of euro area banks continues to be an important cause for concern for policymakers. Efforts to resolve this problem have increased significantly in the course of 2016, by supervisors and macroprudential policymakers alike. To relieve capital constraints, these efforts, …Read More