Portier, Jean, Sanfilippo, Luca, (2015), “Reviving Credit in the Euro Area”, IMF direct, 23 Νοεμβρίου A stock in excess of €900 billion of nonperforming loans continue to clutter the European banking system, impeding economic growth. This issue remains a key challenge for policy makers. As we show in our latest Global Financial Stability Report,part of the solution to address this legacy is an upgrade in legal systems. Current inefficiencies—long foreclosure times …Read More
Conceptualizing Capitalism-Institutions, Evolution, Future
Hodgson, Geoffrey, (2015), “Conceptualizing Capitalism-Institutions, Evolution, Future”, Chicago University Press, Οκτώβριος A few centuries ago, capitalism set in motion an explosion of economic productivity. Markets and private property had existed for millennia, but what other key institutions fostered capitalism’s relatively recent emergence? Until now, the conceptual toolkit available to answer this question has been inadequate, and economists and other social scientists have been diverted from identifying these key institutions. Σχετικές …Read More
Βιβλιοθήκη » EE » Οικονομία » Βιβλία
Monetary Policy: Past, Present and Future
Draghi, Mario, (2015), “Monetary Policy: Past, Present and Future”, Speech at the Frankfurt European Banking Congress, 20 Νοεμβρίου Τhe ECB’s monetary policy measures have clearly worked, in fact they are probably the dominant force spurring the recovery. They have been instrumental in arresting and reversing the deflationary pressures that hit the euro a year ago. Yet growth momentum remains weak and inflation remains well below our objective of below but …Read More
Βιβλιοθήκη » EE » Οικονομία » Άρθρα Γνώμης
A new historical database on economic freedom in OECD countries
Prados de la Escosura, Leandro, (2015), “A new historical database on economic freedom in OECD countries”, Voxeu, 23 Νοεμβρίου Indices of economic freedom refer mostly to the recent past, making policy prescriptions difficult to draw. This column presents a new historical index of economic liberty covering 21 OECD countries for the period 1850-2007. Over time, progress in economic liberty has derived from different factors, but improvements in legal structures and property …Read More
Interconnectedness of the banking sector as a vulnerability to crises
Peltonen, Tuomas A., Rancan, Michela, Sarlin, Peter, (2015), “Interconnectedness of the banking sector as a vulnerability to crises”, ECB Working Paper 1866, Νοέμβριος. This paper uses macro-networks to measure the interconnectedness of the banking sector, and relates it to banking crises in Europe. Beyond cross-border financial linkages of the banking sector, macro-networks also account for financial linkages to the other main financial and non-financial sectors within the economy. We enrich conventional earlywarning models using …Read More
Counting on the EU – public opinion on welfare state reforms
Hüttl, Pia, (2015), “Counting on the EU – public opinion on welfare state reforms”, Bruegel Blog, 19 Νοεμβρίου. As part of the Vision Europe Summit, a survey was held from July-August 2015, to investigate public opinion on the welfare state after the crisis. This blog post is a follow up to an earlier blog, focusing this time on the role of the EU and the welfare state. Σχετικές Αναρτήσεις Hüttl, Pia,Wolff, Guntram, (2015), …Read More
Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Άρθρα Γνώμης
The Effects of Wage Moderation: Can Internal Devaluations Work?
Decressin, Jorg, Loungani, Prakash, (2015), “The Effects of Wage Moderation: Can Internal Devaluations Work?“, IMF Direct, 17 Νοεμβρίου Devaluation is often part of the remedy for a country in financial trouble. Devaluation boosts the competitiveness of a country’s exports and curtails imports by making them more costly. Together, the higher exports and the reduced imports generate some of the financial resources needed to help the country get out of trouble. Σχετικές Αναρτήσεις …Read More
Economics Rules: The Rights and Wrongs of the Dismal Science
Rodrik, Dani, (2015), “Economics Rules: The Rights and Wrongs of the Dismal Science”, W. W. Norton & Company, Inc Publications, Οκτώβριος. In the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat …Read More
Βιβλιοθήκη » EE » Οικονομία » Βιβλία
Rebooting the Eurozone: Step 1 – agreeing a crisis narrative
Baldwin, Richard, Beck, Thorsten, Bénassy-Quéré, Agnès, Blanchard, Olivier, Corsetti, Giancarlo, de Grauwe, Paul, den Haan, Wouter Giavazzi, Francesco, Gros, Daniel, Kalemli-Ozcan, Sebnem, Micossi, Stefano, Papaioannou, Elias, Pesenti, Paolo, Pissarides, Christopher, Tabellini, Guido, Weder di Mauro, Beatrice, (2015), “Rebooting the Eurozone: Step 1 – agreeing a crisis narrative”, Centre for Economic Policy Research, 19 Νοεμβρίου. The Eurozone Crisis, which broke out in May 2010, is a long way from finished. Worse yet, many of the fragilities and imbalances that primed the monetary union for the …Read More
Tax reforms in EU Member States 2015-Tax policy challenges for economic growth and fiscal sustainability
European Commission, (2015),”Tax reforms in EU Member States 2015-Tax policy challenges for economic growth and fiscal sustainability”, Directorate General for Economic and Financial Affairs (ECFIN) and Directorate General for Taxation and Customs Union (TAXUD), European Economy/Institutional Paper 008/September 2015, Νοέμβριος. The report ‘Tax reforms in EU Member States’ serves four main purposes. Firstly, it reviews the most important tax reforms recently implemented in EU Member States. Secondly, it discusses a number …Read More
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