Jauer, J., Liebig, T., Martin, J. and Puhani, P., (2014), “Migration as an Adjustment Mechanism in the Crisis? A Comparison of Europe and the United States”, OECD Social, Employment and Migration Working Papers 155, OECD Publishing. The question of whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. It is of particular interest currently in the context of high …Read More
ΕΥ Eurozone Forecast, Outlook for Financial Services
ΕΥ (2014), ΕΥ Eurozone Forecast, EY Outlook for Financial Services, Winter 2013/2014 The run-up to Christmas and the start of 2014 proved to be a busy time for Europe’s financial sector. Sadly, this was less to do with the festivities and more to do with the necessary groundwork to underpin the Eurozone’s new regulatory framework. After lengthy delays, work around Solvency II — recently re-animated by agreement over the Omnibus …Read More
Global Employment Trends 2014: The Risk of a Jobless Recovery
ILO (2014), Global Employment Trends 2014: The Risk of a Jobless Recovery, ILO Publications, Geneva. The Global Employment Trends study offers the latest global and regional information and projections on several indicators of the labour market, including employment, unemployment, working poverty and vulnerable employment. The weak global economic recovery has failed to lead to an improvement in global labour markets, with global unemployment in 2013 reaching almost 202 million. Σχετικές …Read More
Europe’s ‘structural reform’ agenda is little more than a fairytale
Regan, A., (2014), “Europe’s ‘structural reform’ agenda is little more than a fairytale”, LSE Blogs, 21 Ιανουαρίου. The policy response to the Eurozone crisis has incorporated a number of different elements, including the structural reform of European economies. Aidan Regan argues that this ‘structural reform agenda’ has been defined in exceptionally vague terms, and that it is still unclear precisely which reforms would lead to tangible economic improvements in European …Read More
A New Model for New Europe
Baily, M. & Sjåtil, P., (2014), “A New Model for New Europe”, Project Syndicate, 17 Ιανουαρίου Five years ago, Central and Eastern Europe was home to one of the world’s most impressive growth stories. Annual GDP growth was close to 5%, just behind China and India. Foreign direct investment poured into Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia at a rate of more than $40 billion …Read More
H πιθανή έκπληξη της “Αναπτυξιακής Λιτότητας” και ο γρίφος του δυσβάσταχτου χρέους
Olivares-Caminal, R., Κόκκορης, Ι. & Παπαδάκης, Κ.,(2014), “H πιθανή έκπληξη της “Αναπτυξιακής Λιτότητας” και ο γρίφος του δυσβάσταχτου χρέους”, Greek Public Policy Forum, 17 Ιανουαρίου Είναι πολύ σημαντικό να επικεντρωθούμε στο τι έχει πετύχει ως τώρα η Ελληνική κυβέρνηση καθώς και στο κόστος των επιτεύξεων αυτών. Το πραγματικό ΑΕΠ έχει μειωθεί κατά το δυσβάσταχτο 25% τα έτη 2009-Ιούνιο 2013, και η ανεργία έχει αυξηθεί στο 27%. Παρόλ’ αυτά, το πραγματικό …Read More
Η Νέα Οικονομική Διακυβέρνηση στη Ζώνη του Ευρώ και η Ελλάδα. Οι μηχανισμοί εποπτείας και αλληλεγγύης υπό όρους μετά το Μνημόνιο
Γραφείο Προϋπολογισμού του Κράτους, (2014). “Η Νέα Οικονομική Διακυβέρνηση στη Ζώνη του Ευρώ και η Ελλάδα. Οι μηχανισμοί εποπτείας και αλληλεγγύης υπό όρους μετά το Μνημόνιο”, Βουλή των Ελλήνων, Ιανουάριος. Το Γραφείο Προϋπολογισμού του Κράτους στο πλαίσιο των αρμοδιοτήτων του, εκπόνησε την παρούσα ενδιάμεση έκθεση με τίτλο «Η ΝΕΑ ΟΙΚΟΝΟΜΙΚΗ ΔΙΑΚΥΒΕΡΝΗΣΗ ΣΤΗ ΖΩΝΗ ΤΟΥ ΕΥΡΩ ΚΑΙ Η ΕΛΛΑΔΑ. Οι μηχανισμοί εποπτείας και αλληλεγγύης υπό όρους μετά το Μνημόνιο». Η ενδιάμεση έκθεση …Read More
How the ECB could be Radical by being Old Fashioned
Wren-Lewis, S., (2014), “How the ECB could be Radical by being Old Fashioned”, Social Europe Journal, 20 Ιανουαρίου. Forward commitment could be sold not as a radical new policy, but a return to a very old one: money targeting. The one major central bank that did maintain a money targeting policy for more than a few years was the Bundesbank. Why is money targeting like a forward commitment policy? Because …Read More
Falling short of expectations? Stress-testing the European banking system
Acharya V., and Steffen S., (2014), “Falling short of expectations? Stress-testing the European banking system”, Voxeu, 17 Ιανουαρίου. The Single Supervisory Mechanism – a key pillar of the Eurozone banking union – will transfer supervision of Europe’s largest banks to the ECB. Before taking over this role, the ECB will conduct an Asset Quality Review to identify these banks’ capital shortfalls. This column discusses recent estimates of these shortfalls based …Read More
‘Structural Reforms’ and Unemployment
Arestis Ph., and M. Sawyer, (2014), “‘Structural Reforms’ and Unemployment”, Triple Crisis, 16 Ιανουαρίου. There is little doubt that the “fiscal compact,” which has replaced the Stability and Growth Pact of the Economic and Monetary Union, reinforces an already-established neoliberal perspective on macroeconomic policy—with the emphasis on balanced budgets and an “independent” central bank only concerned with price stability. There is little doubt that the “fiscal compact,” which has replaced …Read More