Richard Barwell, A Eurozone Without Greece – It’s time to think more seriously about this possibility, Wall Street Journal, 01 Απριλίου 2015. The 24-hour news cycle is causing a cacophony of speculation about Greece leaving the euro, the so-called Grexit. Amid all the arguments about whether Greece will or should exit, there has been a lot less thought given to what would happen if Greece does return to the …Read More
Fernández, Α., Klein, W. M., Rebucci, A., Schindler, M. & Uribe, M. (2015) “Capital control measures: A new dataset“, VoxEU Organisation, 02 Απριλίου. A renewed interest in capital controls following the Great Recession requires a serious empirical reconsideration of their effectiveness as policy instruments. This column introduces a new dataset that features unprecedented levels of disaggregation between asset categories, and distinguishes transactions between residents and non-residents. The ensuing debate …Read More
Abbassi, P., Bräuning, F., Fecht, F. & Peydró, J. S. (2015) “Eurozone interbank lending market during the Global and EZ crises“, VoxEU Organisation, 02 Απριλίου. The Global Crisis and subsequent sovereign debt crisis in the Eurozone severely distressed wholesale funding markets. This column argues that in the Eurozone, interbank funding conditions tightened particularly for cross-border borrowing. Moreover, during the worst moments of the crisis, the same borrower bank could …Read More
Dr Richard M. Ebeling (2015) “A World Without The Welfare State“, The Cobden Centre, Politics 29 Μαρτίου. We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the disadvantaged and needy that fell upon hard times? In fact, there were free market solutions …Read More
Mitchell, B. (2015) “ECB should start funding government infrastructure and cash handouts“, Bill Mitchell Blog, 30 Μαρτίου. I was a signatory to a letter published in the Financial Times on Thursday (March 26, 2015) – Better ways to boost eurozone economy and employment – which called for a major fiscal stimulus from the European Central Bank (given it is the only body in the Eurozone that can introduce such …Read More
Gaspar, V. (2015) “Fiscal Policy And Structural Reform“, iMFdirect, 27 Μαρτίου. One of the big questions to emerge from the global financial crisis, especially in the euro area, is how to raise a country’s potential growth while restoring healthy public finances. For example, the euro area— despite some favorable news recently — faces marked-down growth prospects alongside high levels of public debt. The combination of high debt and tepid …Read More
Acemoglu, D., Ozdaglar, A. & Tahbaz-Salehi, A. (2015) “Microeconomic origins of macroeconomic tail risks, VoxEU Organisation, 27 Μαρτίου. Understanding large economic downturns is one of macroeconomics’ central goals. This column argues that imbalances in input-output linkages can interact with firm-level shocks to produce output fluctuations that are much larger than the underlying shocks. The result can be large cycles arising from small, firm-level shocks. It is thus important to …Read More
European Trade Union Institute (ETUI) Benchmarking Working Europe 2015, ETUI aisbl: Βρυξέλλες, Μάρτιος 2015. 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 – …Read More
Nikolas Papageorgiou (2015) “The unspectacular Union“, The European Magazine, 24 Μαρτίου. From lobbyists to toasters: Why the EU is not as evil, opaque, or important as we think. Most people who dive into understanding how things work in Brussels find out the hard way: the way things work in this town is rarely, if ever, shocking enough to be bothered with. Like most things we hear about the European …Read More
Dhingra, S., Ottaviano, G. & Sampson, T. (2015) “Should the UK stay or go? The economic consequences of Britain leaving the EU“, LSE EUROPP, 24 Μαρτίου. How would a British exit from the EU affect the UK’s economy? Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson outline the economic consequences of a Brexit, writing that reduced integration with EU countries is likely to cost the UK economy far more than is gained …Read More
