Corbett, R. (2014) “A common sense guide to EU reform“, Future Europe – Signposts from the European Elections, Europe’s World Journal, 09 Οκτωβρίου. It is hard to find a politician in any EU country these days who doesn’t call for ‘reform’. But as to what those reforms should be, opinions differ widely. And while the anti-system parties, wanting either to leave or destroy the Union are the loudest, it …Read More
Closing the soft skills gap: Never too early to teach entrepreneurship
Rosen, Α. (2014) “Closing the soft skills gap: Never too early to teach entrepreneurship“, Europe’s World Journal, 22 Δεκεμβρίου. Here’s a wake-up call: Entrepreneurship is actually falling in the U.S. Shocked? Entrepreneurship and innovation, however, aren’t the same thing – it’s very possible to have innovation without starting your own venture. And the converse is also true; someone can start a new enterprise without a single innovation. But …Read More
Incomplete information and bargaining in the EU: An explanation of first-reading non-agreements
Vibeke Wøien Hansen (2014) “Incomplete information and bargaining in the EU: An explanation of first-reading non-agreements“, European Union Politics Journal, Δεκέμβριος. According to the logic of standard veto bargaining models with complete information, bargaining in the European Union should never reach the second reading of the ordinary legislative procedure (co-decision). Even so, non-agreement at the first reading occurs frequently in European Union decision making. How can this be explained? …Read More
Why so many commodity prices are down in the US, yet up in Europe
Frankel, J. (2014) “Why so many commodity prices are down in the US, yet up in Europe“, VoxEU Organisation, 24 Δεκεμβρίου. Commodity prices have been falling in the US. This column argues that monetary policy has played a determining role in the falling prices trend. Monetary tightening is highly anticipated in the US, which is likely to raise short-term interest rates. At the same time, the ECB and Bank …Read More
Christmas economics: Challenging some common beliefs
Birg, L. & Goeddeke, A. (2014) “Christmas economics: Challenging some common beliefs“, VoxEU Organisation, 24 Δεκεμβρίου. Christmas may be not so merry as we hope. Economists have argued that gift giving is an inefficient way to allocate resources, and it is widely suggested that Christmas brings a peak in prices and the number of suicides, or even disrupts the business cycle. This column discusses some conventional wisdom about Christmas …Read More
Lacklustre investment in the Eurozone: The policy response
Buti, M. (2014) “Lacklustre investment in the Eurozone: The policy response“, VoxEU Organisation, 22 Δεκεμβρίου. Weak investment is a key macroeconomic problem in the Eurozone, and the new European Commission has proposed an ‘Investment Plan’ to complement existing policy initiatives. In this column, the Commission’s Chief Economist explains the key rationale behind the Investment Plan. Weak investment has been the main source of weakness in the Eurozone recovery (European …Read More
The sham of central bank independence
Mitchell, B. (2014) “The sham of central bank independence“, Bill Mitchell Blog: Modern Monetary Theory – Macroeconomic Reality, 23 Δεκεμβρίου. Let it be noted that the Japanese government 10-year bond yield hit 0.33 per cent overnight. That tells you that all the scaremongering that has been going on over the last twenty years about hyperinflation, the Japanese government running out of money, the bond markets dumping the yen, and …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Κείμενα Πολιτικής
How Japan Bankrupted Itself – Lessons For Europe, The story of Japan’s decline — and the lessons for Europe
Stelter, D. (2014) “How Japan Bankrupted Itself – Lessons For Europe, The story of Japan’s decline — and the lessons for Europe“, The Globalist, 19 Δεκεμβρίου. Following the start of Abenomics in 2012, Japan moved back to the center of attention of global financial markets. After two and a half decades of economic stagnation, hopes were high that Japan would escape its long stagnation and deflation. Plenty of economists …Read More
Βιβλιοθήκη » EE » Οικονομία » Πολιτική » Άρθρα Γνώμης
Combatting Eurozone deflation: QE for the people
Muellbauer, J. (2014) “Combatting Eurozone deflation: QE for the people“, VoxEU Organisation, 23 Δεκεμβρίου. Eurozone deflation is likely to become reality when the annual inflation figure for 2014 is announced in January. This column argues that the ECB should develop a strategy that works in the Eurozone’s unique financial setting, instead of following the Fed’s lead. The author proposes that the ECB should pursue ‘quantitative easing for the people’, …Read More
New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals
Joseph E. Stiglitz, Branko Milanovic & Duncan Foley (Video Presentation) “New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals“, Institute for New Economic Thinking, 19 Δεκεμβρίου 2014. Inequality has become one of the major talking points amongst economists since the advent of Thomas Piketty’s book Capital in the Twenty-First Century. Piketty argues in the book that the main driver of inequality—the tendency of returns on capital to exceed the …Read More
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