Marzinotto, B., (2013), “The euro complements Northern European economies more effectively than those in Southern Europe”, Europeans Politics and Policy Blog, 02 Οκτωβρίου. Why has the Eurozone crisis affected Southern European countries more severely than Northern European countries? Benedicta Marzinotto writes that it is necessary for monetary and fiscal policies to complement structural factors within an economy, such as labour market institutions. She argues that the transition to the euro …Read More
Independent monetary policies, synchronised outcomes
Henriksen, E., Kydland, F. and Šustek, R., (2013), “Independent monetary policies, synchronised outcomes”, VoxEU, 02 Οκτωβρίου. The monetary policy for Eurozone members is one-size-fits-all in an economic area rife with economic differences. Does this really make a difference? This column argues that even if each EZ member state had a fully independent monetary authority, monetary policies would likely still appear highly synchronised across EZ members. Σχετικές Αναρτήσεις Fernandes, S. …Read More
Effects of fiscal consolidation envisaged in the 2013 Stability and Convergence Programmes on public debt dynamics in EU Member States
Berti, K., de Castro, F. and Salto, M., (2013), “Effects of fiscal consolidation envisaged in the 2013 Stability and Convergence Programmes on public debt dynamics in EU Member States”, European Commission, Economic Paper 504, Σεπτέμβριος. This paper presents a simple analysis of the public debt-to-GDP ratio responses to fiscal consolidation efforts envisaged in the 2013 Stability and Convergence Programmes presented by EU Member States. In this paper we assess the …Read More
Germany and the EU: a new cycle?
Delors, J., Vitorino, A. and Bertoncini, Y., (2013), “Germany and the EU: a new cycle?”, EurActiv, 30 Σεπτεμβρίου. A new coalition in Germany may revamp its EU policy towards more commitment. The country’s partners will have to get a better grasp of its concerns, but the new constellation can foster further progress in Europe, write Jacques Delors, Antonio Vitorino and Yves Bertoncini. Jacques Delors is founding president, Antonio Vitorino is …Read More
Tax-policy procyclicality
Vegh, C. and Vuletin, G., (2013), “Tax-policy procyclicality”, VoxEU, 01 Οκτωβρίου. Government spending is procyclical in developing countries, exacerbating the business cycle. However, an analysis of tax policy is also required in order to properly assess the overall stance of fiscal policy. This column presents recent research showing that tax policy tends to be procyclical in developing countries and acyclical in developed countries. Although some developing countries have managed to …Read More
The Eurozone’s Calm before the Storm
Roubini, N., (2013), “The Eurozone’s Calm before the Storm”, Project Syndicate, 30 Σεπτεμβρίου. A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that fueled …Read More
Η Ελλάδα μπροστά στον υποβιβασμό
Ματσαγγάνης, Μ., (2013), “Η Ελλάδα μπροστά στον υποβιβασμό”, The Athens Review of Books, Οκτώβριος. Επισκόπηση του βιβλίου του Τάσου Γιαννίτση, (2013), Η Ελλάδα στην Κρίση, Αθήνα: Πόλις. 1. Η ουτοπία της Μεταπολίτευσης (και το αναπόφευκτο τέλος της) Το 1975, ένα μόλις χρόνο μετά την αποκατάσταση της δημοκρατίας, το εθνικό εισόδημα της Ελλάδας (ανά κάτοικο, σε όρους ίσης αγοραστικής δύναμης) ήταν ίσο με το 88,5% του μέσου εισοδήματος των 15 κρατών …Read More
Tax incidence in the presence of tax evasion
Kopczuk, W., Marion, J., Muehlegger, E. and Slemrod, J., (2013), “Tax incidence in the presence of tax evasion”, VoxEU, 30 Σεπτεμβρίου. Tax evasion and noncompliance reduces government revenue and exacerbates the problem of increasing debt. Standard economic theory predicts that the identity of the tax remitter shouldn’t affect outcomes – but this ignores the possibility of evasion. This column provides evidence that in the presence of evasion, both the amount …Read More
Η μεθυσμένη Ευρώπη
Καλλίτσης, Κ., (2013), “Η μεθυσμένη Ευρώπη”, Η Καθημερινή, 29 Σεπτεμβρίου. Το σχέδιο για το ευρώ ήταν παράγωγο ενός Μεγάλου Σχεδίου για μια Ενωμένη Ευρώπη ειρήνης, ευημερίας και αλληλεγγύης. Το Μεγάλο Σχέδιο είχε τρεις στόχους: (α) Να αποτραπεί ένας νέος ευρωπαϊκός διχασμός -μετά την εμπειρία της φρίκης δύο μεγάλων πολέμων που άφησαν συντρίμμια και περίπου 50 εκατομμύρια νεκρούς. (β) Να ενισχυθεί η δημοκρατία -μετά την εμπειρία, στον μεσοπόλεμο, της Κρίσης που …Read More
The work of J.S. Mill shows the danger in eliminating the differences between European nations
Glendinning, S., (2013), “The work of J.S. Mill shows the danger in eliminating the differences between European nations”, European Politics and Policy Blog, 30 Σεπτεμβρίου. Simon Glendinning writes on the English philosopher John Stuart Mill’s views on Europe. He notes that Mill saw Britain as being very much a part of Europe, but that he also recognised important differences between European nations. Far from seeing these differences as a weakness, …Read More