Free movement of labour in Europe: a solution for better labour allocation?

21 Οκτωβρίου, 2015

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Galgóczi, Béla, Leschke, Janine, (2015), “Free movement of labour in Europe: a solution for better labour allocation?”, European Trade Union Institute, Ιούνιος The European Commission has time and again promoted intra-EU labour mobility as a major contributor to the better functioning of European labour markets. On the other hand, concerns about increasing labour mobility are mounting in a number of member states and populist parties are trying to capitalise on …Read More

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The public-private sector pay debate in Europe

21 Οκτωβρίου, 2015

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Müller, Torsten, Schulten, Thorsten, (2015), “The public-private sector pay debate in Europe”, European Trade Union Institute, Αύγουστος This Working Paper critically reviews the empirical evidence and the basic assumptions on which European and national policymakers base their strategy of cutting and freezing public sector pay as one central element of the current crisis management. Using comparative studies and new statistical data, the paper demonstrates that these assumptions are wrong, as …Read More

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Financial industry mobilisation and securities markets regulation in Europe

21 Οκτωβρίου, 2015

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Chalmers, Adam William, (2015), “Financial industry mobilisation and securities markets regulation in Europe”, European Journal of Political Research, Issue 3, Volume 54, Αύγουστος The 2007–2009 financial crisis has led to considerable debate about the role of financial industry actors in global regulatory processes. This article seeks to contribute to this debate by assessing when and why financial industry actors mobilise in order to influence securities markets regulations. Do these mobilisation …Read More

Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Επιστημονικά Άρθρα

Fiscal policy adjustments in the euro area stressed countries: new evidence from non-linear models with state-varying thresholds

20 Οκτωβρίου, 2015

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De Santis A., Roberto, Legrenzi, Gabriella and Milas, Costas, (2015), “Fiscal policy adjustments in the euro area stressed countries: new evidence from non-linear models with state-varying thresholds”, ECB Working Paper Series, No 1858, Οκτώβριος We introduce a non-linear model to study the adjustment of fiscal policy variables in Greece, Ireland, Portugal and Spain over the last 50 years, based on endogenously estimated budget deficit-to-GDP thresholds, which vary with fiscal disequilibria, the economic cycle and financial market …Read More

Βιβλιοθήκη » EE » Οικονομία » Εκθέσεις-Μελέτες

Dealing with Systemic Sovereign Debt Crises: Fiscal Consolidation, Bail-ins or Official Transfers?

20 Οκτωβρίου, 2015

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Sandri, Damiano, (2015), “Dealing with Systemic Sovereign Debt Crises: Fiscal Consolidation, Bail-ins or Official Transfers?”, IMF Working Paper, WP/15/223, 16 Οκτωβρίου The paper presents a tractable model to understand how international financial institutions (IFIs) should deal with the sovereign debt crisis of a systemic country, in which case private creditors’ bail-ins entail international spillovers. Besides lending to the country up to its borrowing capacity, IFIs face the difficult issue of how …Read More

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The macro-micro conflict

20 Οκτωβρίου, 2015

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Danielsson, Jon, Fouché, Morgane, Macrae, Robert, (2015), “The macro-micro conflict”, Voxeu, 20 Οκτωβρίου There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during bad. This column explains that while the macro and micro objectives have always been present in regulatory design, their relative importance has varied according to the changing requirements of economic, financial and political cycles. The conflict between the two seems set to …Read More

Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Άρθρα Γνώμης

How will refugees affect European economies?

20 Οκτωβρίου, 2015

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Huttl, Pia, Leandro, Alvaro, (2015), “How will refugees affect European economies?”, Bruegel publications, 19 Οκτωβρίου What’s at stake: The continuing wave of refugees arriving at the borders of the European Union has sparked discussions all around Europe on how to deal with it, and what the impact will be on the European economies. We review the blog discussions on the economic impact of the refugees, and the challenges that they …Read More

Βιβλιοθήκη » EE » Κοινωνία » Οικονομία » Πολιτική » Άρθρα Γνώμης

Quarterly Report on the Euro Area (QREA)

19 Οκτωβρίου, 2015

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European Commission, (2015), “Quarterly Report on the Euro Area (QREA)”, Vol. 14, No. 3, Instituional Paper 010, Οκτώβριος Seven years since the beginning of the global financial crisis, the euro area’s recovery remains subdued and fragile. This is despite improved framework conditions for growth since 2014, notably in terms of fiscal and monetary policy stances. To better understand the key features of the current recovery, this chapter presents a comparison of recent economic developments in the euro …Read More

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Clueless in Europe

19 Οκτωβρίου, 2015

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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

Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Άρθρα Γνώμης

European Business Cycle Indicators-3rd Quarter 2015

19 Οκτωβρίου, 2015

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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

Βιβλιοθήκη » EE » Οικονομία » Εκθέσεις-Μελέτες