World Economic Forum, (2013), “The Global Competitiveness Report”, 4 Σεπτεμβρίου. Excellent innovation and strong institutional environments are increasingly influencing economies’ competitiveness, according to The Global Competitiveness Report 2013-2014, which is launched today. The report’s Global Competitiveness Index (GCI) places Switzerland at the top of the ranking for the fifth year running. Singapore and Finland remain in second and third positions respectively. Germany moves up two places (4th) and the United States …Read More
The euro area’s tightrope walk: debt and competitiveness in Italy and Spain
Darvas, Z., (2013), “The euro area’s tightrope walk: debt and competitiveness in Italy and Spain”, www.bruegel.org, 3 Σεπτεμβρίου. Competitiveness adjustment in struggling southern euro-area members requires persistently lower inflation than in major trading partners, but low inflation worsens public debt sustainability. When average euro-area inflation undershoots the two percent target, the conflict between intra-euro relative price adjustment and debt sustainability is more severe.
Interim Economic Assessment
OECD, (2013), “Interim Economic Assessment”, 3 Σεπτεμβρίου. A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.
Ανούσια «χρεολογία»
Χρυσολωράς, Ν., (2013), “Ανούσια «χρεολογία»”, www.kathimerini.gr, 3 Σεπτεμβρίου. Το ύψος του ελληνικού δημόσιου χρέους είναι πράγματι ανησυχητικό. Πολύ φοβάμαι όμως ότι η εμμονή στη «χρεολογία» αποτελεί ένα βολικό άλλοθι για την πολιτική τάξη της χώρας. Με την αέναη συζήτηση για ένα και μόνο θέμα καλύπτεται εύκολα η ένδεια προτάσεων για το πώς θα αναπτυχθεί η ελληνική οικονομία, ελλείψει δανεικών.
The impact of the economic crisis on EU labour markets: A comparative perspective
Tridico, P., (2013), “The impact of the economic crisis on EU labour markets: A comparative perspective”, International Labour Review, Vol. 152, N.2, pp. 175-190. Using a “crisis management index” to rank the combined GDP and labour market performances of the EU’s 27 Member States, the author considers why some countries performed better than others in managing the economic crisis over the period 2007–11. Based on empirical correlations and regression analysis, …Read More
Heterogeneous transmission mechanism: monetary policy and financial fragility in the Eurozone
Ciccarelli, M., Maddaloni, Ang., Peydró, J-L., (2013), “Heterogeneous transmission mechanism: monetary policy and financial fragility in the Eurozone”, Economic Policy, Vol. 28, Issue 75, pp. 459-512. The eurozone economic activity and banking sector have shown substantial fragility over the last years with remarkable country heterogeneity. Using detailed data on lending conditions and standards, we analyse – along several key dimensions of heterogeneity – how financial fragility has affected the transmission …Read More
Eurozone recession ends — but it’s too soon to celebrate
De Grauwe, P., (2013), “Eurozone recession ends — but it’s too soon to celebrate”, edition.cnn.com, 18 Αυγούστου. Spring is in the air. That’s the feeling in Brussels and Berlin. The latest economic numbers issued by the European Commission seem to indicate that the eurozone has slowly crawledout of the recession.
Η απασχόληση και η ανεργία στην Ελλάδα το 2012
Ι.Ν.Ε. Γ.Σ.Ε.Ε., (2013), “Η απασχόληση και η ανεργία στην Ελλάδα το 2012”, Ενημέρωση, Τεύχος 207, Ιούλιος-Αύγουστος 2013. Οι άνεργοι στην Ελλάδα την περίοδο του μνημονίου αφαιρεί από τις οικογένειες που τους συντροφεύουν, ιδιαίτερα αυτές με κατώτερη κοινωνική θέση, μεγάλο μέρος των δυνατοτήτων παρέμβασης και οικονομικής τους στήριξης. Παρά το γεγονός ότι επαναβεβαιώνονται οι ισχυροί δεσμοί μεταξύ των μελών της, η εκτεταμένη ανεργία, η δραματική πτώση του οικογενειακού εισοδήματος και η …Read More
Role of Apprenticeships in Combating Youth Unemployment in Europe and the United States
Aivazova, N., (2013), “Role of Apprenticeships in Combating Youth Unemployment in Europe and the United States”, Peterson Institute for International Economics Policy Brief, N. 13-20. Many of the world’s advanced economies continue to struggle with sluggish growth and high unemployment, especially among younger workers. One reason for high unemployment in countries such as Greece, Portugal, and Spain is a mismatch between the skills demanded by employers and those available among the population. …Read More
Ireland gets the new Trio Presidency off to a propitious start
Piedrafita, S., (2013), “Ireland gets the new Trio Presidency off to a propitious start”, CEPS Commentary, 28 Αυγούστου. The Irish Presidency of the Council of the EU (January-June 2013) faced numerous challenges, not the least of which was to negotiate the financial framework for the period 2014-2020 and the reform of the Common Agricultural Policy with the European Parliament, together with the pressure to advance the banking agenda. Moreover, the …Read More