Public Spending Reviews: design, conduct, implementation

30 Ιουλίου, 2014

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Vandierendonck, C. (2014) “Public Spending Reviews: design, conduct, implementation“, European Economy, European Commission Economic Papers, 525, Ιούλιος: Βρυξέλλες. This paper proposes to highlight the main features and key success factors of the design, conduct and implementation of spending reviews, based on the experiences of EU Member States. Public expenditure accounts for almost half of the annual wealth created in the EU (49.0% of GDP in 2013). A major policy …Read More

Can large primary surpluses solve Europe’s debt problem?

30 Ιουλίου, 2014

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Eichengreen, B. & Panizza, U. (2014) “Can large primary surpluses solve Europe’s debt problem?“, VoxEU Organisation, 30 Ιουλίου. For the debts of European countries to be sustainable, their governments will have to run large primary budget surpluses. But there are both political and economic reasons to question whether this is possible. The evidence presented in this column is not optimistic about Europe’s crisis countries. Whereas large primary surpluses for …Read More

The Meaning of a British Exit from the European Union

29 Ιουλίου, 2014

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McCormick, J. (2014) “The Meaning of a British Exit from the European Union“, LSE EUROPP, 29 Ιουλίου. Since January 2013, and the announcement by British Prime Minister David Cameron of his plan to hold a referendum on continued UK membership of the European Union, there has been much speculation about the possible effects of a so-called ‘Brexit’. However, it can be no more than speculation, because no member state …Read More

Industrial policy in times of crisis: the case of Greece

29 Ιουλίου, 2014

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Giannitsis T., I. Kastelli, 2014, “Industrial policy in times of crisis: the case of Greece” in Teixeira Α.Α.C., E. Silva, R. Paes Mamede (eds.), Structural Change, Competitiveness and Industrial Policy: Painful Lessons from the European Periphery, Routledge, Taylor & Francis Group, London and New York. Synopsis Chapter 11 addresses the role of industrial policy in the process of overcoming the economic crisis in Greece. The rationale of such a …Read More

Why is financial stability essential for key currencies in the international monetary system?

29 Ιουλίου, 2014

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Goldberg, L., Krogstrup, S. & Rey, H. (2014) “Why is financial stability essential for key currencies in the international monetary system?“, VoxEU Organisation, 26 Ιουλίου. The dollar’s dominant role in international trade and finance has proved remarkably resilient. This column argues that financial stability – and the policy and institutional frameworks that underpin it – are important new determinants of currencies’ international roles. While old drivers still matter, progress …Read More

20 years of the European single market: growth effects of EU integration

29 Ιουλίου, 2014

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Petersen, Τ. (2014) “20 years of the European single market: growth effects of EU integration“, Policy Brief 2014/02, Future Social Market Economy, Bertelsmann Stiftung, 29 Ιουλίου. The ongoing European integration has increased the economic growth of participating national economies. Calculating the cumulative gains in the real gross domestic product per capita resulting from the integration of Europe between 1992 and 2012, every national economy under consideration realized income gains …Read More

Why Institutions Matter in the Eurozone

29 Ιουλίου, 2014

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Thillaye, R., Kouba, L. & Sachs, A. (2014) “Why Institutions Matter in the Eurozone“, Policy Network Publications, 17 Ιουλίου. Reforming EU Economic Governance The debate about the Eurozone’s future usually centres on a clash between economics and politics. Giving the EU greater oversight powers and more spending capacity is said to be the only viable long run solution, but there is little popular appetite for this option. As a …Read More

What’s in a European Commission President?

28 Ιουλίου, 2014

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Salamone, A. (2014) “What’s in a European Commission President?“, Britain’s Europe Blog, 25 Ιουλίου. The next President of the European Commission faces a number of obstacles to a successful term of office. Political and institutional challenges, ranging from the power of the Council and the Parliament to the difficulty in building unity in the Commission, stand in the way of the President’s goals for the EU. In order to …Read More

Official discussions on Greece’s 5th program review to incept in mid-September: Key items on the agenda

28 Ιουλίου, 2014

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Petropoulou, P. (2014) “Official discussions on Greece’s 5th program review to incept in mid-September: Key items on the agenda“, Eurobank – Greece Macro Monitor, 22 Ιουλίου. This report takes a close look on a number of quantitative targets and structural benchmarks included in the agenda of the 5th review of Greece’s adjustment program, expected to commence in mid-September. It also provides an overview of the progress already made by …Read More

Asset-backed securities: The key to unlocking Europe’s credit markets?

28 Ιουλίου, 2014

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Altomonte, C. & Bussoli, P. (2014) “Asset-backed securities: The key to unlocking Europe’s credit markets?“, Bruegel Institute, 24 Ιουλίου. The European market for asset-backed securities (ABS) has all but closed for business since the start of the economic and financial crisis. ABS (see Box 1) were in fact the first financial assets hit at the onset of the crisis in 2008. The subprime mortgage meltdown caused a deterioration in …Read More

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