This site is for archive purposes. Please visit for latest updates
Go to Top


The Youth Guarantee: European approach to fight youth unemployment

European Commission, (2015),  “The Youth Guarantee: European approach to fight youth unemployment”, Employment, Social Affairs and Inclusion Department, 24 Αugust Member States of the European Union made a promise to young people in April 2013. They undertook to ensure that no young person under 25 after leaving education or becoming unemployed is left without support to obtain a job, a traineeship, or an apprenticeship, or to get into continued education. MemberStates …Read More

Library » EU » Society »

Wealth and income distribution: New theories needed for a new era

Kanbur, Ravi, Stiglitz, Joseph, (2015), “Wealth and income distribution: New theories needed for a new era”, Voxeu, 18 Αυgust Growth theories traditionally focus on the Kaldor-Kuznets stylised facts. Ravi Kanbur and Nobelist Joe Stiglitz argue that these no longer hold; new theory is needed. The new models need to drop competitive marginal productivity theories of factor returns in favour of rent-generating mechanism and wealth inequality by focusing on the ‘rules of the game.’ …Read More

The Downside of Labor Mobility

Krugman, Paul, (2015), “The Downside of Labor Mobility”, NY Times blog, 14 Αυgust The theory of optimum currency areas is one of those old-fashioned pieces of macroeconomics — like IS-LM, the concept of the liquidity trap, and the theory of secular stagnation — that has turned out to be extremely relevant and useful to the world since 2008. So this is a version of Mark Thoma’s dictum that new economic …Read More

Explaining The EU’s Politics Of Austerity

Melloni, Nicola, (2015), “Explaining The EU’s Politics Of Austerity”, Social Europe Journal, 17 August What is the logic behind austerity? The standard explanations given during the last five years do not hold solid ground. Many – including famous economists and central bankers – had supported budgetary cuts to restore market confidence. Markets, however, were hardly impressed: operators care about profits – usually associated with growth – and cuts in the …Read More

Rising inequality in the Eurozone underlines the need for a fiscal union

Sawicki, Dawid, (2015), “Rising inequality in the Eurozone underlines the need for a fiscal union”, LSE blog, 3 July. How has inequality within Eurozone states changed during the pursuit of Economic and Monetary Union? Dawid Sawicki writes that in the majority of Eurozone members income inequality has increased substantially since 1990. He argues that this is partly the result of a lack of automatic stabilisers within the Eurozone that can compensate …Read More

Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)

Forgó, Balázs, Jevčák, Anton, (2015), “Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014)”, European Commission publications, Discussion Paper 001, JULY 2015 This paper takes stock of the progress achieved by the ten Central and Eastern European countries, which entered the EU in 2004 and 2007, in terms of their real and nominal economic convergence visà- vis the twelve EU Member States which were part of the euro area in …Read More

Why Social Investments Bring Multiple Benefits

Woess, Josef, Buxbaum, Adi, (2015), “Why Social Investments Bring Multiple Benefits”, Social Europe Journal, 28 July Austerity measures put social cohesion at immense risk and restrain the growth dynamic in Europe. Furthermore, these measures have massively damaged the confidence of citizens in European and national institutions. Failing to solve problems such as high unemployment or a lack of social infrastructure is a very expensive option, associated with massive costs for individuals and society. …Read More

Innovation, income inequality, and social mobility

Aghion, Philippe, Akcigit, Ufuk, Bergeaud, Antonin, Blundell, Richard, Hemous, David, (2015), “Innovation, income inequality, and social mobility”, Voxeu, 28 July In recent decades, there has been an accelerated increase in top income inequality, particularly in developed countries. This column argues that innovation partly accounts for the surge in top income inequality and fosters social mobility. In particular, the positive effect of innovation on social mobility is due to new innovators. Relevant Posts Dabla-Norris, Era, Kochhar, Kalpana, Suphaphiphat, Nujin, Ricka, Frantisek, Tsounta, Evridiki, (2015),“Causes and Consequences of Income Inequality …Read More

The elusive quest for labour market reforms

Boeri, Tito, Jimeno, Juan Francisco, (2015), “The elusive quest for labour market reforms”, Voxeu, 27 July tructural reforms of labour markets are almost universally advocated by international institutions. They are included as key conditions for delivering financial assistance under formal rescue programmes, and the nth Greek agenda of reforms is no exception in this respect. They are also strongly recommended to countries under the supervision of the EU macroeconomic imbalance procedure; a commitment …Read More

EU crises and integrational panic: the role of the media

Cross, Mai’ai K. Davis, Ma, Xinru, (2015), “EU crises and integrational panic: the role of the media”, Journal of European and Public Policy, Volume 22, Issue 8, pages 1053-1070, 26 January 2015. Even a casual look at the history of the European Union (EU) since its inception in 1957 shows that at numerous junctures through its development the EU (or European Economic Community/European Community [EEC/EC] in its previous incarnations) has …Read More