Dabrowski, Marek, (2016), “Challenges to debt sustainability in advanced economies”, Bruegel, 8 December The gross general government debt-to-GDP ratios in many advanced economies have reached the highest levels in peacetime history and continue to grow, putting into question sovereign solvency in these economies. Relevant Posts Dabrowski, Marek, (2016), “Are advanced economies at risk of falling into debt traps?”, Bruegel, 10 November Marsh, Chris, Nagly, Dominik, Pagoulatos, George, Papaioannou, Elias, (2016), …Read More

Alcidi, Cinzia, Barslund, Mikkel, Busse, Matthias, Nicoli, Francesco, (2016), “Will a European unemployment benefits scheme affect labour mobility?”, CEPS, 6 December Labour mobility in the EU is comparatively low, despite major efforts from the European Institutions to support cross-border mobility. This study evaluates the potential implications of a European Unemployment Benefits Scheme (EUBS) for labour mobility in the EU. We find that the introduction of an EUBS, irrespective of whether it …Read More

Campos, Nauro, El Aynaoui, Karim, Loungani, Prakash, (2016), “European unemployment and labour market reforms: A two-handed approach”, VoxEu, 5 December Thirty years ago, a distinguished group of economists advocated a ‘two-handed’ approach to unemployment that targeted supply as much as demand. This column examines recent work on the effectiveness of cyclical and structural policies – the two ‘hands’ – targeting unemployment in Europe. It further considers the pressures from greater integration …Read More

Dirk Schoenmakert, (2016), “The impact of the legal and operational structures of euro-area banks on their resolvability”,  Bruegel, 6 December Following the financial crisis, the question of how to handle a big bank’s collapse has come to the fore. This Policy Contribution evaluates the obstacles to resolvability that the legal and operational structures of the large euro-area banks could pose to the European Union’s new resolution regime. Relevant Posts De Groen, Willem …Read More

Vives, Xavier, (2016), “Banking regulatory reform: The way forward”, VoxEu, 6 December As with previous systemic crises, the 2007-2009 crisis has created regulatory reform, but is it adequate? This column argues that prudential regulation should consider interactions between conduct – capital, liquidity, disclosure requirements, macroprudential ratios – and structural instruments, and also coordinate with competition policy. Though recent reforms are a welcome response to the recent crisis, we do not know …Read More