Świeboda, P. (2015) “What Will Populism Do To Europe?“, Social Europe Journal, 15 Ιανουαρίου. There has been much wishful thinking in Europe that populism will vanish once growth rates pick up. Those who have believed in this unlikely miracle tended to assume that the populist upsurge is a natural reaction to economic misery brought about by the crisis. In this, they are only partly right. Populism is as much …Read More
Darvas, Z. & Hüttl, P. (2015) “Why a Grexit is more costly for Germany than a default inside the euro area – Contrary to the IFO institute, we conclude that German losses on both official and private claims would be much higher if Greece exits the euro“, Bruegel Institute, 16 Ιανουαρίου. A few days ago the influential IFO Institute published a short paper suggesting that a Greek default inside …Read More
Rodrik, D. (2015) “From Welfare State To Innovation State, Social Europe Journal, 15 Ιανουαρίου. A specter is haunting the world economy – the specter of job-killing technology. How this challenge is met will determine the fate of the world’s market economies and democratic polities, in much the same way that Europe’s response to the rise of the socialist movement during the late nineteenth and early twentieth centuries shaped the …Read More
Zoning out – Why leaving the euro would still be bad for both Greece and the currency area, The Economist, 17 Ιανουαρίου 2015. In 2012 Greece held two elections which might have led to its exit from the euro zone. In the event, that was avoided—a good thing since the costs of a “Grexit” would almost certainly have outweighed any gains, not only for Greece but for the entire …Read More
Lodefalk, Μ. (2015) “Tear down the trade-policy silos! Or how the servicification of manufacturing makes divides in trade policymaking irrelevant“, VoxEU Organisation, 16 Ιανουαρίου. The manufacturing sector in OECD countries increasingly buys, produces, sells and exports services. This is now known as the servicification of manufacturing. This column, using firm-level data from Sweden, shows that as firms’ share of in-house services increases, so does their export intensity. The increasing …Read More
Conversation by Martin Eiermann with Parag Khanna: “The fragmentation of power is irreversible”, The European Magazine, 16 Ιανουαρίου 2015. The end of the nation-state as we know it: Parag Khanna discusses the path towards global connectivity and why we have to shift from Western history to global history. The European: Mr. Khanna, especially in Europe, we’re witnessing a resurgence of regionalist or nationalist thinking that seems to cast doubt …Read More
Mitchell, B. (2015) “Friday lay day – more snake oil from Brussels“, Bill Mitchell Blog, 16 Ιανουαρίου. It’s my Friday lay day blog. I am in Sri Lanka at present and will have some reports about that over the next 14 odd days. I was amazed overnight by the comments from IMF boss Lagarde who made overt political statements in an upcoming election year by claiming that David Cameron …Read More
“Europe Rediscovers Nationalism“, STRATFOR Global Intelligence, Analysis, 11 Ιανουαρίου. Analysis In his latest novel, French writer Michel Houellebecq presents a controversial situation: The year is 2022, and France has become an Islamicized country where universities have to teach the Koran, women have to wear the veil and polygamy is legal. The book, which created a stir in France, went on sale Jan. 7. That day, a group of terrorists …Read More
De Grauwe, P. & Ji, Y. (2015) “Quantitative easing in the Eurozone: It’s possible without fiscal transfers“, VoxEU Organisation, 15 Ιανουαρίου. The ECB has been struggling to implement a programme of quantitative easing (QE) that would successfully target deflation. The main difficulty is political, stemming from opposition from German institutions. Their argument against is that a government bond buying programme by the ECB would mix fiscal and monetary policy. …Read More
Briglauer, W., Frübing, S. & Vogelsang, I. (2015) “The Impact of Alternative Public Policies on the Deployment of New Communications Infrastructure – A Survey, Discussion Paper No. 15-003, Centre for European Economic Research (ZEW), Ιανουάριος. Abstract Our survey reviews the theoretical and empirical literature on all alternative policies to promote the deployment of new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive externalities, dynamic efficiency …Read More
