Mascherini,  Massimiliano, Ledermaier, Stefanie Vacas‑Soriano, Carlos Jacobs Lena, (2017), “Long-term unemployed youth: Characteristics and policy responses”, Eurofound, 14 December While the youth labour market has improved considerably since 2014, one legacy of the recent economic crisis is the large cohort of long-term unemployed young people, which represents nearly one-third of jobless young people. This report provides an updated profile of the youth labour market in 2016 and describes trends over the past decade. It …Read More

Arnoud Boot, Dirk Schhoenmaker, (2018), “Climate change adds to risk for banks, but EU lending proposals will do more harm than good”, Bruegel, 16 January Climate change is a relevant risk factor for the banking sector, but the European Commission’s plan to lower capital requirements for greener investments is irresponsible in encouraging banks to forego proper risk management. Relevant Posts Canton, Erik, Solera, Irune, (2016), «Greenfield Foreign Direct Investment and Structural Reforms …Read More

Rober Kalcik, Nicolas Moes and Guntram B. Wolff, (2018), “Does the European Parliament miss an opportunity to reform after Brexit?”, Bruegel, 10 January While Brexit negotiations are beginning to progress, the European Parliament is preparing to vote on the possible reallocation of seats following the UK’s departure. With many of the current proposals reflecting Member States’ concerns about losing seats, this paper advocates for options that could better achieve equality …Read More

Lucas Juan Manuel Alonso Alonso, (2018), “Portugal: Euro Zone’s brightening socio-economic outlook”, LSE Euro Crisis in the Press, 9 January In the present post, Lucas Juan Manuel Alonso Alonso analyses some of the more important points contained in the OECD’s 2017 Economic Survey of Portugal. It offers an analysis of the socio-economic position of Portugal once the austerity measures are abandoned, highlighting notable improvement in social and salary, employment/unemployment and …Read More

Dani Rodrik, (2018), “In Defense of Economic Populism”, Project Syndicate, 9 January Populists’ aversion to institutional restraints extends to the economy, where they oppose obstacles placed in their way by autonomous regulatory agencies, independent central banks, and global trade rules. But while populism in the political domain is almost always harmful, economic populism can sometimes be justified. Relevant Posts David Vines Samuel Wills, (2018),  «The rebuilding macroeconomic theory project: an analytical assessment …Read More

Barry Eichengreen, (2018), “Ready or Not for the Next Recession?”, Project Syndicate, 10 January Policymakers normally respond to recessions by cutting interest rates, reducing taxes, and boosting transfers to the unemployed and other casualties of the downturn. But, for a combination of economic and political reasons, the US, in particular, is singularly ill-prepared to respond normally. Relevant Posts David Vines Samuel Wills, (2018),  «The rebuilding macroeconomic theory project: an analytical assessment «, Oxford …Read More

David Vines Samuel Wills, (2018),  “The rebuilding macroeconomic theory project: an analytical assessment “, Oxford Review of Economic Policy, Volume 34, Issue 1-2, 5 January In this paper we review the Rebuilding Macroeconomic Theory Project, in which we asked a number of leading macroeconomists to describe how the benchmark New Keynesian model might be rebuilt, in the wake of the 2008 crisis. The need to change macroeconomic theory is similar to the situation …Read More

Stephen Cecchetti, Kim Schoenholtz, (2018), “GDP at risk”, Vox, 11 January The likelihood of another crisis-induced plunge in GDP is much lower today than it was a decade ago, but we are still at an early stage of building a financial stability policy framework that corresponds to the inflation-targeting framework that forms the basis for monetary policy. This column describes a step forward in developing such framework – the concept …Read More

Cinzia Alcidi, Jorge Núñez Ferrer, Mattia Di Salvo,Roberto Musmeci and Marta Pilati, (2018), “Income Convergence in the EU: A tale of two speeds”, CEPS, 9 January Since their original formulation, the reception given to the concepts of convergence and cohesion has alternated between wild enthusiasm and near dismissal in the EU debate. (…) As the ongoing economic recovery is still characterised by significant differencesin growth rates across member states, there is a growing …Read More

Mainly Macro, (2018), “Why does economics get so much stick?”, 9 January Because the advice of economists is so hopeless, you may say. Well think about the following thought experiment. After the financial crisis. suppose people had done the opposite of what the majority of economists said they should do. We do not need to imagine over Brexit, because most of the 52% who voted for Brexit chose to ignore, …Read More