Núñez-Ferrer, J. & Katarivas, M. (2014) “What are the effects of the EU budget: Driving force or drop in the ocean?”, CEPS Special Reports, Economic Policy, 28 Aπριλίου. The study presents an overview of the impact of the main investment tools of the EU budget. The focus is on the increasing role of the financial instruments, which are fundamentally changing the budget’s nature and reach. Through these instruments, the …Read More
The IMF’s preferred creditor status: Questions after the Eurozone crisis
Schadler, S. (2014) “The IMF’s preferred creditor status: Questions after the Eurozone crisis”, VoxEU Organisation, 28 Απριλίου. The IMF has had a preferred creditor status throughout the history of its lending. This implies that borrowing countries are expected to give priority to meeting their obligations to the IMF over other creditors. This column reviews the onset of this preferred status, its purpose, and the way it changed after the …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
Shrinking times – ECB excess liquidity falls below €100 billion
Merler, S. (2014) “Shrinking times – ECB excess liquidity falls below €100 billion”, Bruegel Think Tank, 24 Απριλίου Over the last 5 years, the Eurozone financial system has been flooded with liquidity, due to the ECB’s very special response to the very special bank-sovereign euro crisis. In 2008, faced with an almost frozen interbank market, the ECB changed the way it allocates the Central Bank’s funds, introducing a policy …Read More
European Banking Union: Status of Implementation and the Need for Improvement
Bauer, M. & Demary, M. (2014) “European Banking Union: Status of Implementation and the Need for Improvement“, Konrand Adenauer Stiftung, 23 Απριλίου. The crisis in the euro area revealed points of weakness in the architecture of the Monetary Union. It appeared that the common monetary policy also required a common system of banking supervision. This report summarises the current proposals and decisions regarding the Banking Union and evaluates the …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Εκθέσεις-Μελέτες
Global value chains in the current trade slowdown
Ferrantino, J. M. & Taglioni, D. (2014) “Global value chains in the current trade slowdown”, VoxEU Organisation, 06 Απριλίου. Recent growth in trade has decelerated significantly since its sharp recovery in 2010. This column discusses the role of global value chains in international trade and their contribution to the trade slowdown. Trade in complex products organised by global value chains, in particular motor vehicles, has been more sensitive to …Read More
The Price is Wrong
Fatas, A. (2014) “The Price is Wrong”, Antonio Fatas on the Global Economy Blog, 14 Απριλίου. The Euro area inflation came lower than expected in March and this has raised concerns about deflation (or “lowflation” as labelled by the IMF). In today’s Financial Times, Jurgen Stark, a former ECB board member argues that deflation or low inflation is not a problem. One of his arguments is that there are …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
A black cloud over the EU?
Sakalis, A. (2014) “A black cloud over the EU?”, Euro Crisis in the Press, LSE, 14 Απριλίου. The newly announced Le Pen-Wilders alliance in the European parliament has re-ignited speculation about the rise of the far-right in Europe. What can we expect from this new EU supergroup? The recent success of the Front National in French local elections, as well as the announcement of a Le Pen-Wilders alliance in …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
A success story for the EU and seasonal workers’ rights without reinventing the wheel
Lazarowicsz, A. (2014) “A success story for the EU and seasonal workers’ rights without reinventing the wheel“, European Policy Centre (EPC) Publications, 28 Μαρτίου Despite the economic crisis with resulting high unemployment, EU economies face vacancies across the skill spectrum. At the low end there is a structural need when it comes to seasonal work. The Seasonal Workers Directive was launched at the same time as the Inter-Corporate Transferees …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Κείμενα Πολιτικής
Taxing, spending, and inequality – what is to be done?
Clements, B., Coady, D., De Mooij, R. & Gupta, S. (2014) “Taxing, spending, and inequality – what is to be done?“, VoxEU Organisations, 15 Απριλίου. The causes and consequences of rising inequality have stirred a lively debate on appropriate policy responses. This column reviews how governments have successfully used fiscal policy to address distributive concerns. It also examines the policy alternatives that countries can pursue in order to reduce …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Άρθρα Γνώμης
‘There will be growth in the spring’: How well do economists predict turning points?
Ahir, H. & Loungani, P. (2014) “‘There will be growth in the spring:’ How well do economists predict turning points?“, VoxEU Organisation, 14 Απριλίου. Forecasters have a poor reputation for predicting recessions. This column quantifies their ability to do so, and explores several reasons why both official and private forecasters may fail to call a recession before it happens. Since the onset of the Great Recession, much of the …Read More