Making Progress In Economic And Monetary Union

9 October, 2015

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Carlo Padoan, Pier, (2015), “Making Progress In Economic And Monetary Union”, Social Europe Journal, 9 October The recovery that has been developing over the past several quarters in Europe is encouraging but modest. To obtain stronger and more sustained growth and job creation, decisive policy action is needed beyond the current policy mix and the positive contribution by the ECB policy stance. Action must be accelerated on several fronts: structural …Read More

Library » EU » Economy » Politics » Policy Papers

No coordination without representation

9 October, 2015

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Terzi, Alessio, (2015), “No coordination without representation”, Bruegel publications. 8 October Further democratic legitimacy is a pre-requisite to economic union. This article explores how economic policies in the euro area should be coordinated, but this cannot be done in a mechanical rules-based manner. Arguing the contrary suggests a cavalier understanding of the complexity of economic policymaking. Relevant Posts Maçães, Bruno, (2015), «The missing piece in the EMU puzzle: Economic policy coordination», …Read More

Library » EU » Economy » Politics » Policy Papers

Market Expansion and Social Dumping in Europe

8 October, 2015

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Bernaciak, Magdalena, (2015), “Market Expansion and Social Dumping in Europe”, European Union Series, Routledge publications, 9 June This book systematically examines social dumping in the context of the European integration process. It defines social dumping as the practice, undertaken by self-interested market participants, of undermining or evading existing social regulations with the aim of gaining a competitive advantage. It also shows how the two major EU integration projects ? the creation …Read More

Library » EU » Economy » Society » Books

Light and shadows in Europe’s new Action Plan for Capital Markets Union

8 October, 2015

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Valiante, Diego, (2015), “Light and shadows in Europe’s new Action Plan for Capital Markets Union”, ECMI Commentary, No. 4o, Ceps, 6 October The European Commission’s new Action Plan for Capital Markets Union, unveiled on September 30th, consists in a nutshell of a short list of technical proposals and a longer one of (rather general) potential actions. Overall, the plan indeed proposes to achieve some short-term objectives, such as a reduction of …Read More

Library » EU » Economy » Policy Papers

Europe’s capital markets union and the new single market challenge

8 October, 2015

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Véron, Nicolas, (2015), “Europe’s capital markets union and the new single market challenge”, Voxeu, 8 October The EU has started conversations on a capital markets union, raising questions about integration of services such as finance. This column argues that regulated services are especially important for the European economy. Europeans will eventually be faced with a choice between maintaining sovereignty and building a single market. Whereas the ‘old’ single market in goods and …Read More

Library » EU » Economy » Opinion Articles

To bail out or not to bail out? Crisis politics, credibility, and default risk in the Eurozone

7 October, 2015

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Bølstad, Jørgen, Elhardt, Christoph, (2015), “To bail out or not to bail out? Crisis politics, credibility, and default risk in the Eurozone”, European Union Politics, Issue 16, Volume 3, September We examine the impact of signals regarding the Eurozone’s bail-out commitment on government bond spreads in the Eurozone’s periphery, analysing the effect of positive, negative and mixed statements and decisions by the EU, the ECB and Germany. We construct a dataset of relevant …Read More

Library » EU » Economy » Scientific Articles

World Economic Outlook

7 October, 2015

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IMF, (2015), ” World Economic Outlook”, IMF Research, 6 October Six years after the world economy emerged from its broadest and deepest postwar recession, the holy grail of robust and synchronized global expansion remains elusive. Despite considerable differences in country-specific outlooks, the new forecasts mark down expected near-term growth marginally but nearly across the board. Moreover, downside risks to the world economy appear more pronounced than they did just a few …Read More

Library » EU » Economy » Reports

Why We Need More Radical Policies To Kickstart Global Growth

7 October, 2015

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Turner, Adair, (2015), “Why We Need More Radical Policies To Kickstart Global Growth”, Social Europe Journal, 7 October For two years, financial markets have repeated the same error – predicting that US interest rates will rise within about six months, only to see the horizon recede. This serial misjudgment is the result not of unforeseeable events, but of a failure to grasp the strength and global nature of the deflationary forces …Read More

Library » EU » Economy » Opinion Articles

Europe’s Robin Hood Tax Is a Risky Proposal

5 October, 2015

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Bloomberg View, (2015), “Europe’s Robin Hood Tax Is a Risky Proposal”, 5 October It has been called a Robin Hood tax (a term favored by acolytes of British Labour leader Jeremy Corbyn) and a Tobin Tax, after the Yale economist James Tobin who popularized it. Whatever the name, a tax on financial transactions first proposed in 1936 by John Maynard Keynes may soon become a reality in 11 European countries. Relevant …Read More

Library » EU » Economy » Opinion Articles

European Business

5 October, 2015

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Johnson, Debra, Turner, Colin, (2015), “European Business”, European Union Series, Routledge publications, 3rd edition, 23 September The third edition of European Business is published at a time of turbulence in Europe. This uncertainty puts Europe’s unique business environment at risk.The book retains popular pedagogical features to help students make sense of a confusing and complex environment. Relevant Posts European Commission, (2013), “European business cycle indicators”, 2nd Quarter 2013.. Aiyar, Shekhar, Barkbu, …Read More

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