Durden, T. (2014) “The Eurozone’s QE Problem“, ΘZeroHedge, 19 Νοεμβρίου. Over the last couple of weeks, as the Federal Reserve ended their latest round of quantitative easing, there have been many calls that the pickup of the “QE Baton” by the BOJ and ECB. The problem is that the impact of liquidity interventions in Japan and the Eurozone do not carry the same “punch” as was witnessed in the …Read More
Public Capital in the 21st Century
Corneo, G. (2014) “Public Capital in the 21st Century“, Friedrich Ebert Stiftung, Freie Uni Berlin & Social Europe Journal, Research Essay No.2, Νοέμβριος. The increase of income and wealth concentration threatens the European project of a good society. Capital taxation alone cannot stop this process, but a combination of moderately higher capital taxes and a novel role of public capital will do. The governance of public capital requires carefully …Read More
Quantitative Easing and Deflation in a Creditor Economy
Daniel Gros: “Quantitative Easing and Deflation in a Creditor Economy, στο Growth, Convergence and Income Distribution: The Road from the Brisbane G-20 Summit, σσ. 87-91, Think Tank 20: Νοέμβριος 2014. On November 15-16th, world leaders gathered in Brisbane, Australia for the ninth G-20 summit, aimed at increasing world GDP and charting a pathway to sustainable, inclusive growth and resilience through both short and medium-term actions. Experts from think tanks …Read More
Europe’s goal should not be a United States of Europe, but a better united Europe of states
Glendinning, S. (2014) “Europe’s goal should not be a United States of Europe, but a better united Europe of states“, LSE EUROPP, 20 Νοεμβρίου. Is a European ‘superstate’ desirable and, if so, could it ever be created? Simon Glendinning writes on philosophical approaches to this question, drawing on the work of philosophers such as Hegel, Kant, Marx and Derrida. Taking inspiration from Kant, he argues that rather than aiming …Read More
Does EU regulation hinder or stimulate innovation?
Pelkmans, J. & Renda, A. (2014) “Does EU regulation hinder or stimulate innovation?“, Regulatory Policy, CEPS Special Reports, 19 Νοεμβρίου. One frequently hears the question posed in the title to this report, but there is little systematic analytical literature on the issue. Fragmented evidence or anecdotes dominate debates among EU regulatory decision-makers and in European business, insofar as there is a genuine debate at all. This CEPS Special Report …Read More
Is there (sustainable) growth in Greece?
Bastian, J. (2014) “Is there (sustainable) growth in Greece?“, MacroPolis: Greece in Perspective, 19 Νοεμβρίου. Greece finally exited its six-year long recession in the third quarter of 2014. The Hellenic Statistical Authority ELSTAT said that the economy grew by 0.7 percent in the third quarter (compared to the same quarter in 2013). The positive third quarter reading is the first after 24 consecutive quarters of negative GDP performance dating …Read More
Growth, inequality, and social welfare: Cross-country evidence
Dollar, D., Kleineberg, T. & Kraay, A. (2014) “Growth, inequality, and social welfare: Cross-country evidence“, VoxEU Organisation, 19 Νοεμβρίου. Concerns about inequality are at the forefront of many policy debates. While inequality has increased in many countries over the past few decades, in others it has decreased. This column uses data from 117 countries over the past four decades to investigate the importance of such changes in inequality, as …Read More
Greece – return to growth demonstrates the role of substantial fiscal deficits
Mitchell, B. (2014) “Greece – return to growth demonstrates the role of substantial fiscal deficits“, Bill Mitchell Blog: Modern Macroeconomic Theory – Macroeconomic Reality, 19 Νοεμβρίου. We had news this week that the annual rate of real GDP growth in Greece is finally positive after two quarters of positive growth. The austerity merchants are out in force congratulating themselves on a victory. Some victory. What the official data doesn’t …Read More
Erosion Or Exhaustion Of Democracy? The Challenge For Social Europe
Blühdorn, I. (2014) “Erosion Or Exhaustion Of Democracy? The Challenge For Social Europe“, Social Europe Journal, 18 Νοεμβρίου. Social Europe is caught between a rock and a hard place. It is supposed to restore confidence in democracy – which since the bailout of the failing banks and the ensuing politics of austerity can hardly be regarded as a plausible promise anymore and which, anyway, at EU-level is known primarily …Read More
Rethinking the Attractiveness of EU Labour Immigration Policies: Comparative perspectives on the EU, the US, Canada and beyond
Carrera, S., Guild, E. & Eisele, K. (2014) “Rethinking the Attractiveness of EU Labour Immigration Policies: Comparative perspectives on the EU, the US, Canada and beyond“, Justice and Home Affairs, CEPS Paperbacks, 13 Νοεμβρίου. Is Europe’s immigration policy attractive? One of the priorities driving current EU debates on labour immigration policies is the perceived need to boost Europe’s attractiveness vis-á-vis ‘talented’ and ‘highly skilled’ immigrants. The EU sees itself …Read More