Laeven, L. & Ratnovski, L. (2014) “Corporate governance of banks and financial stability“, VoxEU Organisation, 21 Ιουλίου. Bank distress during the recent crisis caused significant damage to the real economy. Appropriately, the policy response focused on stronger bank supervision and regulation. This column asks if there is a role for improvements in bank corporate governance. Based on the literature the authors suggest that better risk management, regulation of pay, …Read More
The use of tax expenditures in times of fiscal consolidation
Bauger, L. (2014) “The use of tax expenditures in times of fiscal consolidation“, European Economy, Economic Papers 523, Ιούλιος. Against the background of recovering growth and remaining fiscal consolidation needs, reforming tax expenditures may offer a promising avenue to raise revenue and, at the same time, improve efficiency of the tax systems. The workshop, held by DG ECFIN on 23 October 2013, addressed the economic and budgetary aspects of …Read More
Τουριστικός Στρατηγικός Σχεδιασμός 2021: Οδικός Χάρτης Υλοποίησης
ΣΕΤΕ (2014) “Τουριστικός Στρατηγικός Σχεδιασμός 2021: Οδικός Χάρτης Υλοποίησης“, Σύνδεσμος Ελληνικών Τουριστικών Επιχειρήσεων, Ιούλιος 2014. ΕΙΣΑΓΩΓΗ Τα επόμενα 8-10 χρόνια ο Τουρισμός θα αποτελέσει κινητήρια δύναμη της ελληνικής οικονομίας. Oι διεθνείς επισκέπτες θα φθάσουν τα 22-24 εκατ., με παράλληλη αύξηση της μέσης δαπάνης ανά ταξίδι. H συνολική συνεισφορά (σε σχέση με το 2013) σε AEΠ1 θα είναι 45-48 δισ. Ευρώ (+16 δισ. Ευρώ) και ~1 εκατ. θέσεις εργασίας (+300 …Read More
The computerisation of European jobs – who will win and who will lose from the impact of new technology onto old areas of employment?
Bowles, J. (2014) “The computerisation of European jobs – who will win and who will lose from the impact of new technology onto old areas of employment?“, Bruegel Institute, 17 Ιουλίου. Who will win and who will lose from the impact of new technology onto old areas of employment? This is a centuries-old question but new literature, which we apply here to the European case, provides some interesting implications. …Read More
The European Council’s Guidelines for the Area of Freedom, Security and Justice 2020: Subverting the ‘Lisbonisation’ of Justice and Home Affairs?
Carrera, S. & Guild, E. (2014) “The European Council’s Guidelines for the Area of Freedom, Security and Justice 2020: Subverting the ‘Lisbonisation’ of Justice and Home Affairs?“, Justice and Home Affairs, CEPS Essays, 14 Ιουλίου. In its Conclusions of 26-27 June 2014, the European Council has adopted the new “Strategic Guidelines for Legislative and Operational Planning for the coming years within the EU’s Area of Freedom, Security and Justice …Read More
Making macroprudential regulation operational
Kashyap, K. A., Tsomocos, D. & Vardoulakis, A. (2014) “Making macroprudential regulation operational“, VoxEU Organisation, 18 Ιουλίου. Do the extant workhorse models used in policy analysis support macroprudential and macrofinancial policies? This column argues that this is not the case and describes a new macroprudential model that stresses the special role played by banks. The model also accounts for two, often neglected, key principles of the financial systems. Some …Read More
Why Juncker’s industrial goals are unlikely to be achieved
Wolff, Β. G. (2014) “Why Juncker’s industrial goals are unlikely to be achieved“, Bruegel Institute, 16 Ιουλίου. Instead of setting numerical goals, the new Commission president should focus on framework conditions, the single market and market failures ‘Industrial policy is back!’ This is the message given by the President Elect of the European Commission, Jean-Claude Juncker, at his confirmation by the European Parliament yesterday. In his speech, Juncker said …Read More
Is Europe Back On Track?
Kowalsky, W. (2014) “Is Europe Back On Track?“, Social Europe Journal, 16 Ιουλίου. After the European elections, the World Cup became the new hot topic. Only insiders were interested enough to follow closely the selection process of the new Commission President. Nevertheless, there were some quite interesting developments which are worth noting: the European elections were the most European in the history of the directly elected European Parliament (EP). …Read More
Trust and the welfare state: The twin-peaked curve
Algan, Y., Cahuc, P. & Sangnier, M. (2014) “Trust and the welfare state: The twin-peaked curve“, VoxEU Organisation, 17 Ιουλίου. It is commonly argued that the persistence of large welfare states in Scandinavian countries is due to the trustworthiness of their citizens. This column shows that the relationship between trust and the size of the welfare state is twin peaked. Untrustworthy individuals support generous welfare states because they expect …Read More
Trade policy issues in the Wider Europe – that led to war and not yet to peace
Emerson, M. (2014) “Trade policy issues in the Wider Europe – that led to war and not yet to peace“, EU Foreign Policy, CEPS Working Documents, 16 Ιουλίου. This paper looks at the trade policy landscape of the EU and the wider Europe, with a focus on issues arising from the signature on 27 June 2014 of Deep and Comprehensive Free Trade Agreements (DCFTAs) between the EU and three …Read More