Huttl, Pia, Leandro, Alvaro, (2015), “How will refugees affect European economies?”, Bruegel publications, 19 October What’s at stake: The continuing wave of refugees arriving at the borders of the European Union has sparked discussions all around Europe on how to deal with it, and what the impact will be on the European economies. We review the blog discussions on the economic impact of the refugees, and the challenges that they …Read More
Quarterly Report on the Euro Area (QREA)
European Commission, (2015), “Quarterly Report on the Euro Area (QREA)”, Vol. 14, No. 3, Instituional Paper 010, October Seven years since the beginning of the global financial crisis, the euro area’s recovery remains subdued and fragile. This is despite improved framework conditions for growth since 2014, notably in terms of fiscal and monetary policy stances. To better understand the key features of the current recovery, this chapter presents a comparison of recent economic developments in the euro …Read More
Clueless in Europe
Mody, Ashoka, (2015), “Clueless in Europe”, Bloomberg View, 19 October Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more to support euro-area growth only “if necessary.” He should stop listening to Europe’s scolds and do the right thing. Relevant Posts Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 October Weeks, John, (2015). “Euro Deflation …Read More
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European Business Cycle Indicators-3rd Quarter 2015
European Commission, (2015), “European Business Cycle Indicators – 3rd Quarter 2015”, Technical Paper 003, October After the broadly flat development over the second quarter of 2015, the EU and the euroarea Economic Sentiment Indicators (ESI) embarked on an upward trend in the third quarter of 2015, thanks mostly to increases in July and September. At the end of the third quarter of 2015, the ESI scored rathercomfortably above the long-term average of 100 in both the EU …Read More
The End of German Hegemony
Gros, Daniel, (2015), “The End of German Hegemony”, Project Syndicate, 15 October Without anyone quite noticing, Europe’s internal balance of power has been shifting. Germany’s dominant position, which has seemed absolute since the 2008 financial crisis, is gradually weakening – with far-reaching implications for the European Union. Of course, from a soft-power perspective, the mere fact that people believe Germany is strong bolsters the country’s status and strategic position. But it …Read More
Library » EU » Economy » Politics » Opinion Articles
Euro Deflation And How To Interpret It
Weeks, John, (2015). “Euro Deflation And How To Interpret It”, Social Europe Journal, 12 October If you read Larry Summers in the Financial Times, you know that recent data confirm falling prices in the euro zone. Summers argues that the deflation indicates global stagnation, though we find disagreement on the appropriate interpretation. For some it is no more than the transitory effect of falling petroleum prices. Relevant Posts Muellbauer, J. …Read More
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Towards a sustainable European economy
Daryoush, Toutia, Hedberg, Annika, Pardo, Romain, (2015), “Towards a sustainable European economy”, European Policy Center publications, 13 October As outlined in the European Environment Agency’s report on “The European Environment – State and Outlook 2015” (SOER 2015), global trends such as world population growth, growing demand for resources, climate change and environmental pollution, increasing pressures on ecosystems, urbanisation and technological advancements are affecting also Europe. Annika Hedberg (Senior Policy Analyst), Romain Pardo (Policy Analyst) …Read More
Library » EU » Economy » Politics » Policy Papers
The Crisis Europe Needs
Eichengreen, Barry, (2015), “The Crisis Europe Needs”, Social Europe Journal, 15 October It’s hard to be optimistic about Europe. Last summer, a political cage match between Germany and Greece threatened to tear the European Union apart. In country after country, extremist political parties are gaining ground. And Russian President Vladimir Putin’s incursion into Ukraine, in the EU’s backyard, has turned the common European foreign and security policy into a punch …Read More
Labour Mobility and Labour Market Adjustment in the EU
Arpaia, Alfonso, Kiss, Aron, Palvolgyi, Balazs,Turrini, Alessandro, (2015), “Labour Mobility and Labour Market Adjustment in the EU”, Institute for Study of Labour (IZA), Αugust This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration flows. Econometric evidence …Read More
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Global Wealth Databook 2015
Credit Suisse, (2015), “Global Wealth Databook 2015”, Research Institute, October An analysis of the global pattern of wealth holdings by individuals requires information on the distribution of wealth within countries. Direct observations on wealth distribution across households or individuals are available for 31 countries. One set of figures was selected for each of these nations, with a preference for the most recent year, and for the most reliable source of information. Summary details are …Read More