Mody, Ashoka, (2016), “Another Slow Year for the Global Economy”, Project Syndicate, 4 Ιανουαρίου Last April, the International Monetary Fund projected that the world economy would grow by 3.5% in 2015. In the ensuing months, that forecast was steadily whittled down, reaching 3.1% in October. But the IMF continues to insist – as it has, with almost banal predictability, for the last seven years – that next year will be …Read More
Law and Economics-Philosophical Issues and Fundamental Questions
Hatzis, Aristides N., Mercuro, Nicholas (2015), “Law and Economics-Philosophical Issues and Fundamental Questions”, Routledge publications, Νοέμβριος. The Law and Economics approach to law dominates the intellectual discussion of nearly every doctrinal area of law in the United States and its influence is growing steadily throughout Europe, Asia, and South America. Numerous academics and practitioners are working in the field with a flow of uninterrupted scholarship that is unprecedented, as is its influence …Read More
Designing tax policy in high-evasion economies
Best, Michael, Brockmeyer, Anne, Kleven, Henrik, Spinnewijn, Johannes, Waseem, Mazhar, (2016) “Designing tax policy in high-evasion economies”, VoxEU, 5 Ιανουαρίου Developing economies are characterised by low tax revenue and widespread tax evasion. This column assesses what tax policy instruments governments should use to raise revenue. Optimal tax policy in developing countries may diverge from what is prescribed in standard textbook models. A turnover tax, for instance, is known to distort …Read More
‘Helicopter tax credits’ to accelerate economic recovery in Italy (and other Eurozone countries)
Bossone, Biagio, Cattaneo, Marco, (2016), “‘Helicopter tax credits’ to accelerate economic recovery in Italy (and other Eurozone countries)”, Voxeu, 4 Ιανουαρίου The latest report of Italy’s leading investment bank, Mediobanca, presents a thorough analysis of the country’s recent economic developments. Σχετικές Αναρτήσεις 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 Berger, Bennet, (2015), …Read More
The Great Malaise Continues
Stiglitz, Joseph, (2016), “The Great Malaise Continues”, Project Syndicate, 3 Ιανουαρίου The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed to avoid a meltdown over Greece, but its near-stagnation has continued, contributing to what surely will be viewed as a lost decade. Σχετικές Αναρτήσεις Dixon, H. (2014) “A New …Read More
Progress towards meeting the economic criteria for EU accession: the EU Commission’s 2015 assessments
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