Labour versus leisure preferences and employment in Europe

19 October, 2015

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Moriconi, Simone, Peri, Giovanni, (2015), “Labour versus leisure preferences and employment in Europe”, Voxeu, 19 October Unemployment rates vary widely across EU countries. While national institutions and policies explain much of the variation, cultural values, attitudes, and beliefs may also play a role. This column uses survey data from 26 EU countries to investigate the existence of culturally transmitted preferences for work. Country-specific preferences for work are found to have a positive …Read More

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The End of German Hegemony

16 October, 2015

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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

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Reviving The EU Social Dimension: A Political Choice

16 October, 2015

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Schellinger, Alexander, (2015), “Reviving The EU Social Dimension: A Political Choice”, Social Europe Journal , 15 October The social dimension of the EU is on the verge of becoming insignificant. At practically all levels there has been a systematic weakening of Social Europe: aims, programmes and instruments have been reduced in the areas of employment policy, labour law and labour relations. The Community is rolling back previous achievements. Workers and trade unions …Read More

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Euro Deflation And How To Interpret It

16 October, 2015

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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

15 October, 2015

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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

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The Crisis Europe Needs

15 October, 2015

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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

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Labour Mobility and Labour Market Adjustment in the EU

15 October, 2015

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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

15 October, 2015

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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

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Macro diversification through trade

14 October, 2015

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Caselli, Francesco, Koren, Miklós, Lisicky, Milan, Tenreyro, Silvana, (2015), “Macro diversification through trade”, Voxeu, 14 October A widely held view in academic and policy circles is that openness to international trade and specialisation leads to higher GDP volatility. This column argues that openness to international trade can also lower a country’s GDP volatility by allowing it to diversify its sources of demand and supply, and hence reduce its exposure to …Read More

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Beyond Mainstream Explanations of the Financial Crisis

14 October, 2015

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Hossein-zadeh, Ismael, (2014), “Beyond Mainstream Explanations of the Financial Crisis”, International Political Economy Series, Routledge publications, 15 April The study argues that while the prevailing views of deregulation and financialization as instrumental culprits in the explosion and implosion of the financial bubble are not false, they fail to point out that financialization is essentially an indication of an advanced stage of capitalist development. These standard explanations tend to ignore the …Read More

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