Shik Kang, J. & Shambaugh C., J. (2014) “Progress Towards External Adjustment in the Euro Area Periphery and the Baltics“, Working Paper No.14/131, International Monetary Fund, 22 Ιουλίου. The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances. Thus far, tangible progress has been made through …Read More
Lithuania changes the ECB’s voting system – membership threshold triggers change in the ECB’s Governing Council’s voting system
Merler, S. (2014) “Lithuania changes the ECB’s voting system – membership threshold triggers change in the ECB’s Governing Council’s voting system, which starts rotating“, Bruegel Institute, 25 Ιουλίου. Lithuania will become the 19th member of the Euro area on the 1st of January, following Wednesday’s Council endorsement. The most important part of the story – however – is not that someone is still brave enough to join the Euro …Read More
It would be dangerous to view modern European populism as a triumph of style over substance
Wodak, R. (2014) “It would be dangerous to view modern European populism as a triumph of style over substance“, LSE EUROPP, 23 Ιουλίου. The success of populist and Eurosceptic parties was one of the key narratives to emerge from the European Parliament elections in May. Ruth Wodak writes on the platforms which underpin these parties, noting that there is no one-size-fits-all explanation for why parties have gained ground in …Read More
Έβδομη Έκθεση Δραστηριοτήτων (Περίοδος Αναφοράς: Φεβρουάριος-Μάιος 2014)
Ομάδα Δράσης για την Ελλάδα (2014) “Έβδομη Έκθεση Δραστηριοτήτων (Περίοδος Αναφοράς: Φεβρουάριος-Μάιος 2014)“, Ιούλιος 2014. Η Ομάδα Δράσης για την Ελλάδα (ΟΔΕ) διοργανώνει και συντονίζει την τεχνική βοήθεια (ΤΒ) που ζήτησαν οι ελληνικές αρχές στην προσπάθειά τους να υλοποιήσουν τις δεσμεύσεις για τη θέσπιση μεταρρυθμίσεων στο πλαίσιο του προγράμματος οικονομικής προσαρμογής. Η ΟΔΕ εργάζεται επίσης για την επιτάχυνση της απορρόφησης των κονδυλίων των Διαρθρωτικών Ταμείων της ΕΕ, συμπεριλαμβανομένης της …Read More
The EU and an independent Scotland
CER (2014) “The EU and an independent Scotland“, Centre for European Reform Blog, 23 Ιουλίου. Scots living in Scotland vote on September 18th on whether to end their 300-year union with England. If they win, the nationalists aim for actual independence, and full EU membership, in March 2016. Opinion polls currently show a lead for the pro-Union side, but 15 or 20 per cent remain undecided. The debate is …Read More
Europe Must Escape A Savings Trap, Not A Liquidity Trap
Terzi, A. (2014) “Europe Must Escape A Savings Trap, Not A Liquidity Trap“, Social Europe Journal, 23 Ιουλίου. The anti-austerity vote in the European elections reflected two different kinds of discontent. One is a feeling of frustration, which is invigorating nationalism: the vote for “less Europe.” The other is a lack of confidence in current EU policies: the vote for “another Europe.” In both cases, voters revealed that they …Read More
How Money And Credit Work
Meyer, H. (2014) “How Money And Credit Work“, Social Europe Journal, 23 Ιουλίου. Do you think that in recent years, as a result of the global economic crisis, the whole discussion about public policy has become increasingly focussed on economics? And that much of the policy discussion is based on core concepts that are quite poorly understood, including by many policy-makers? If your answer to these question is yes you are not alone. At …Read More
Η Ελληνική Οικονομία 2/2014
IOBE (2014) “Η Ελληνική Οικονομία 2/2014“, Τριμηνιαία Έκθεση, Αρ. Τεύχους 76, Ίδρυμα Οικονομικών & Βιομηχανικών Ερευνών, Ιούλιος 2014. Το ΙΟΒΕ εκδίδει τη δεύτερη έκθεσή του για το 2014, στο πλαίσιο των περιοδικών επισκοπήσεων της ελληνικής οικονομίας. Πραγματοποιείται λίγο πριν την επόμενη αξιολόγηση του Προγράμματος Οικονομικής Πολιτικής από την τρόικα, η οποία είναι κρίσιμη αφενός λόγω του προσδιορισμού των δημοσιονομικών μέτρων τα οποία θα ολοκληρώσουν τη δημοσιονομική προσαρμογή, αφετέρου λόγω …Read More
Juncker’s new start for Europe – a brief summary of past Bruegel research as it relates to Juncker’s new agenda for the European Commission
Dale, E. & Porcaro, G. (2014) “Juncker’s new start for Europe – a brief summary of past Bruegel research as it relates to Juncker’s new agenda for the European Commission“, Bruegel Institute, 23 Ιουλίου. Last week, President Elect Jean-Claude Juncker published his agenda for Europe. To inform the policy debate, we would like to highlight and summarize some of the key research Bruegel scholars have done over the last …Read More
Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments
Tressel, T. & Wang, S. (2014) “Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments“, Working Paper No. 14/130, International Monetary Fund, 22 Ιουλίου. The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts and labor shedding. There is so far limited evidence of resource re-allocation from non-tradable …Read More