Wilson, K., “How to unleash the financing of high growth firms in Europe”, Bruegel, 28 Μαΐου. Access to capital is critical for SMEs and start-ups. In particular, growth finance is important for young innovative firms, which are the drivers of growth and jobs in the economy. In the context of the European Commission’s efforts to reinvigorate growth in Europe, private sector investment has been high on the agenda through President …Read More
European Central Bank, (2015), Financial Stability Review, Μάιος. Euro area financial system stress has remained low over the past six months, despite a certain increase in global financial market volatility. Broad-based indicators of financial market and banking system risk have generally fluctuated at low levels and stood in mid-May around the marks observed before the outbreak of the sovereign debt crisis (see Chart 1). The low overall level of financial …Read More
Steinberg, Fr., Vermeiren Matt., (2015), “Germany’s Institutional Power and the EMU Regime after the Crisis: Towards a Germanized Euro Area?”, Journal of Common Market Studies, 2015, pp.1-20. In this article we examine the constraints on Germany’s influence over reforms of the Economic and Monetary Union’s (EMU) macroeconomic governance regime. Drawing on the insights of historical institutionalism, we show that the German government’s control over the process is constrained by the …Read More
Ράπτης, Κ., (2015), “Η “υστέρηση” προβληματίζει τους κεντρικούς τραπεζίτες”, www.capital.gr, 27 Μαΐου. Δεν είναι μόνο η ελληνική οικονομία που στοιχειώνει τους ιθύνοντες της ευρωπαϊκής νομισματικής ένωσης αλλά και… η ελληνική γλώσσα. Το φανερώνει αυτό η κεντρική θέση που είχε ο όρος hysteresis στο δεύτερο ετήσιο φόρουμ της ΕΚΤ το οποίο διεξήχθη το Σαββατοκύριακο στο θέρετρο Penha Longa κοντά στη Sintra της Πορτογαλίας –όσο και αν το θέμα της Ελλάδας αποσιωπήθηκε. …Read More
Blanchard, Ol. (2015), “Ten Takeaways from the ‘Rethinking Macro Policy. Progress or Confusion?”, Voxeu, 25 Μαΐου. On 15-16 April 2015, the IMF organised the third conference on ‘Rethinking Macro Policy’. In this column, IMF’s Chief Economist Olivier Blanchard presents his personal takeaways from the conference. Though progress in macro policy is undeniable, confusion is unavoidable given the complex issues that remain to be settled. Πηγή: Voxeu Σχετικές αναρτήσεις Mortensen, Jorgen, Alcidi …Read More
Miscossi, St., (2015), “The Monetary Policy of the European Central Bank (2002-2015)”, CEPS Special Report, 22 Μαΐου 2015. This paper examines the policies pursued by the European Central Bank (ECB) since the inception of the euro. The ECB was originally set up to pursue price stability, with an eye also to economic growth and financial stability as subsidiary goals, once the primary goal was secured. The application of a single …Read More
Caporaso, James, Kim, Min-hyung, Durrett, Warren, (2015), “Still a regulatory state? The European Union and the financial crisis”, Journal of European Public Policy, Volume 22, Issue 7, 6 Δεκεμβρίου 2014. The European Union (EU) has been conceptualized as a regulatory state, i.e., an emerging polity that differs from the classic Westphalian state. Unable to engage in redistribution and stabilization, the EU has specialized in a range of regulatory functions related to market creation …Read More
OECD, (2015), In It Together: Why Less Inequality Benefits All, 21 Μαίου. The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from …Read More
Published every year, the report analyses the state of working Europe explaining with the aid of statistics and graphs the main trends in terms of Europe’s macro-economic situation, its labour market development, the situation of wages and collective bargaining, and worker participation. The focus of this year’s Benchmarking report is on the lessons learned – or not learned – from eight years of economic crisis and austerity policy. The findings …Read More
Bindseil, Ulr., Clemens D., and Zeuner, J., (2015), “Critique of accommodating central bank policies and the ‘expropriation of the saver’: A review”, ECB Occasional Paper Series, N.161/May 2015. In parts of the German media, with the support of a number of German economists, the ECB’s low nominal interest rate policy is criticised as unnecessary, ineffective and as expropriating the German saver. This paper provides a review of the relevant arguments. It is …Read More
