This report provides an assessment of the progress made by Greece with respect to its Second Economic Adjustment Programme, based on the findings of a two-part joint Commission/ECB/IMF mission to Athens between 4-19 June and 1-7 July 2013. The report examines current macroeconomic, financial and fiscal developments and assesses compliance with programme conditionality. full text
Fertility Reactions to the “Great Recession” in Europe: Recent Evidence from Order-Specific Data
Goldstein, J., Kreyenfeld, M., Jasilioniene, A., Karaman Örsal, D. (2013), “Fertility Reactions to the “Great Recession” in Europe: Recent Evidence from Order-Specific Data”, Demographic Research¸Vol. 29, Art. 4, pp 85-104. This paper provides recent cross-national evidence of the impact of the great recession on fertility in Europe in the context of the recent decade. Using data from the Human Fertility Database (HFD), from Eurostat, and from the OECD database, we …Read More
European business cycle indicators
European Commission, (2013), “European business cycle indicators”, 2nd Quarter 2013. Apart from useful tools for the assessment of the overall economic picture, the EU-wide harmonised survey programme for the business sector also provides more granular information about the factors underlying managers’ assessment of the business situation. Questions on ‘factors limiting production’ allow to investigate the sources of potential limitations to business activity, e.g. whether they are rooted in the demand …Read More
Eurostat: European social statistics
Eurostat, (2013), “European social statistics”, 2013 edition. The pocketbook European social statistics, intended for both generalists and specialists, provides a comparative overview of the social statistics available in 27 Member States and the Candidate Countries of the European Union, as well as in the EFTA states. Different areas of the social field are described here by a selection of indicators which are presented in tables and graphs and accompanied by …Read More
Youth Unemployment in Europe: What to do about it?
Eichhorst, W., Hinte, H., Rinne, U., (2013), “Youth Unemployment in Europe: What to do about it?”, IZA Policy Paper, N., 65. Youth unemployment has become a severe economic and societal problem in many European countries. This paper gives an overview of the current situation and assesses different policy options. It emphasizes the role of stronger intra- EU mobility of young workers, policies to make vocational training systems more effective and …Read More
A Levy Institute Model for Greece
Papadimitriou, D., Zezza, G., Nikiforos, M., (2013), “A Levy Institute Model for Greece”, Levy Institute. In this report, we present the main characteristics of a stock-flow consistent model for Greece, estimated on quarterly data over the last 30 years and built to provide us with a “tool for thinking,” in the words of Wynne Godley (the architect of such models), to explore the implications of alternative policy options for the …Read More
Standard Eurobarometer, N. 79
European Commission, (2013), “Standard Eurobarometer”, N. 79, Spring 2013. This report presents the first results of the Standard Eurobarometer 79 survey, which was carried out between 10 and 26 May 2013 in 34 countries or territories1: the 27 European Union Member States, the six candidate countries (Croatia, the Former Yugoslav Republic of Macedonia, Turkey, Iceland, Montenegro and Serbia), and the Turkish Cypriot Community in the part of the country that …Read More
The Euro Area Lending Survey-2nd Quarter 2013
European Central Bank, (2013), “The Euro Area Lending Survey-2 nd Quarter 2013”, 24 July. The European Central Bank (ECB) is publishing its report on the results of the July 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, usually at the beginning of each quarter, was developed by the Eurosystem in order to enhance the understanding of bank lending behaviour in …Read More
How Many European Recessions?
Frankel, Jeffrey, (2013), “How Many European Recessions?”, www.project-syndicate.org, 17 July. The release of revised GDP data by the United Kingdom’s Office for National Statistics in late June seemed like an occasion for cheer, because growth had not quite been negative for two consecutive quarters in the winter of 2011-12, as previously thought. The point, as it was reported, is that a second UK recession following the global financial crisis in …Read More
A Copernican turn in Banking Union urgently needed
Mayer, Thomas, (2013), “A Copernican turn in Banking Union urgently needed”, CEPS Policy Briefs, N. 297. Despite broad agreement among central bankers, policy-makers and economists that creation of a ‘Banking Union’ is essential for the survival of the euro, progress in building this union has been painfully slow. This is largely due to the protracted fights over which government will be the payer of last resort when banks fail because …Read More