Development Co‑operation Report 2016: The Sustainable Development Goals as Business Opportunities

26 July, 2016

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OECD, (2016), “Development Co-operation Report 2016: The Sustainable Development Goals as Business Opportunities”, OECD Publishing, Paris, 18 July The face of development has changed, with diverse stakeholders involved – and implicated – in what are more and more seen as global and interlinked concerns. At the same time, there is an urgent need to mobilise unprecedented resources to achieve the ambitious Sustainable Development Goals (SDGs). The private sector can be …Read More

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EU experimentalist governance in times of crisis

26 July, 2016

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Zeitlin, Jonathan, (2016), “EU experimentalist governance in times of crisis”, West European Politics, Volume 39, Issue 5, 9 June This paper analyses the evolution of EU governance since the financial and eurozone crisis from an experimentalist perspective. It argues that EU governance in many key policy domains continues to take the form of an experimentalist decision–making architecture, based on a recursive process of framework goal–setting and revision through comparative review of implementation experience …Read More

Library » EU » Politics » Scientific Articles

Optimal Adjustment Paths in a Monetary Union

26 July, 2016

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Belke, Ansgar, Gros, Daniel, (2016), “Optimal Adjustment Paths in a Monetary Union”, CEPS Working Document No. 424, July Adjustment to an external imbalance is more difficult within a monetary union if wages are sticky. Periods of high unemployment are usually necessary to achieve the required real depreciation (internal devaluation). Gradual adjustment is usually recommended to distribute the output and employment cost over time. This paper takes into account that gradual adjustment also …Read More

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The re-pricing of sovereign risks following the Global Financial Crisis

26 July, 2016

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Malliaropulos, Dimitris, Migiakis, Petros M., (2016), “The re-pricing of sovereign risks following the Global Financial Crisis”, Bank of Greece, July How strong has been the effect of the Global Financial Crisis (GFC) on systemic risk in sovereign bond markets? Was the increase in credit spreads relative to triple-A benchmarks which followed the GFC the result of higher sovereign credit risk or the result of a re-pricing that reflected changes in broader …Read More

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The EU’s problem-solving capacity and legitimacy in a crisis context: a virtuous or vicious circle?

25 July, 2016

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Falkner, Gerda, (2016), “The EU’s problem-solving capacity and legitimacy in a crisis context: a virtuous or vicious circle?”, West European Politics, Volume 39, Issue 5, 16 June This article focuses on which mechanisms enabled the eurozone to escape from gridlock. At present, the EU is in a state of profound and multiple crises. Nonetheless, it managed to bring about a medium-term stabilisation of its banking system and economic governance, and a systemic implosion …Read More

Library » EU » Economy » Scientific Articles

Consumption Inequality

25 July, 2016

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Attanasio, Orazio P., Pistaferri, Luigi, (2016), “Consumption Inequality”, Journal of Economic Perspectives, Volume 30, Number 2, Spring 2016 In this essay, we discuss the importance of consumption inequality in the debate concerning the measurement of disparities in economic well-being. We summarize the advantages and disadvantages of using consumption as opposed to income for measuring trends in economic well-being. We critically evaluate the available evidence on these trends, and in particular discuss how …Read More

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Europe’s union in crisis: tested and contested

25 July, 2016

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Laffan, Brigid, (2016), “Europe’s union in crisis: tested and contested”, West European Politics, Volume 39, Issue 5, 20 June This special issue explores how Europe’s Union is tested though crises but also faces explicit contestation in troubled times. Crises are ‘open moments’ that impact on rulers and ruled, testing existing paradigms, policies, politics, institutional roles and rules. The papers in this special issue test the resilience of the Union in crisis conditions, the …Read More

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Sovereign Debt Restructuring and Growth

25 July, 2016

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Forni, Lorenzo, Palomba, Geremia, Pereira, Joana, Richmond, Christine J., (2016), “Sovereign Debt Restructuring and Growth”, IMF Publications, Working Paper No. 16/147, 22 July This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so bad) debt restructurings for growth. While growth generally declines in the aftermath of a sovereign debt restructuring, agreements that …Read More

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Sovereign Risk and Deposit Dynamics : Evidence from Europe

25 July, 2016

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Grigorian, David A., Manole, Vlad, (2016), “Sovereign Risk and Deposit Dynamics : Evidence from Europe”, IMF Publications, Working Paper No. 16/145, 22 July The unprecedented expansion of sovereign balance sheets since the global financial crisis has given a new meaning to the term sovereign risk. Developments in Europe since early 2010 presented new challenges for the functioning of private banks in an environment of heightened sovereign risk. This paper uses an …Read More

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Back in work, still out of pocket: Labour market recovery since the Great Recession

25 July, 2016

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Scarpetta, Stefano, Keese, Mark, Swaim, Paul, (2016), “Back in work, still out of pocket: Labour market recovery since the Great Recession”, Voxeu, 25 July The labour market recovery in OECD countries has been steady but slow since the Great Recession. More worrying is the fate of wage growth over the same period. This column assesses the implications of stagnation in the labour market for growth, wages, and inequality. It finds that …Read More

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