Lalioti, Varvara, (2016), “The curious case of the guaranteed minimum income (GMI): Highlighting Greek ‘exceptionalism’ in a Southern European context”, Journal of European Social Policy, 3 February In Greece, after many years of failure to establish a national-level guaranteed minimum income (GMI) in line with European Union (EU) recommendations, the government recently decided to try a pilot scheme. Explanations are proposed for the long-standing policy inertia and the recent change. …Read More

Damro, Chad, (2015), “Market power Europe: exploring a dynamic conceptual framework”, Journal of European Public Policy, Issue 9, Volume 22, 3 June The conceptualization of the European Union (EU) as market power Europe reflects an understanding that the EU most consequentially affects the international system by externalizing its internal market-related policies and regulatory measures. While considerable evidence exists to support such an exercise of power, further elaboration of the conceptualization reveals a number of …Read More

Gross, Marco, Kok, Christoffer, Zochowski, Dawid, (2016), “The impact of bank capital on economic activity – Evidence from a Mixed-Cross-Section GVAR model”, ECB Working Paper Series, No 1888, 8 March. We develop a Mixed-Cross-Section Global Vector Autoregressive (MCS-GVAR) model for the 28 EU economies and a sample of individual banking groups to study the propagation of bank capital shocks to the economy. We conduct various simulations with the model to assess how capital ratio …Read More

Harnay, Sophie, Scialom, Laurence, (2016), “The influence of the economic approaches to regulation on banking regulations: a short history of banking regulations”, Cambridge Journal of Economics, 2 March This article highlights the theoretical foundations of the regulations at work in the banking sector and examines their responsibility in the onset of the 2007–2008 financial crisis. Drawing a parallel between the main changes in banking regulations since the 1960s and the evolutions in the economic …Read More

Barslund, Mikkel, Von Werder, Marten, (2016), “Measuring ageing and the need for longer working lives in the EU”, CEPS, 24 February This study considers different ways of measuring the ageing of societies and their implications for public policy. The first part characterises the ongoing ageing of the population in the EU28 by relating it to past and future longer-term demographic trends for broad groups of countries. It goes beyond traditional …Read More

Cuadrado-Roura, Juan R., Martin, Ron, Rodrígez-Pose, Andrés, (2016), “The economic crisis in Europe: urban and regional consequences”, Oxford Journals, March Beginning in 2007–2008, the European economy experienced the worst economic crisis since the 1930s. The proximate cause was the financial and banking crisis that originated in the overleveraged banks and mortgage institutions in the United States, and which quickly spread through the global financial system to infect much of Europe. This …Read More

Fric, Karel, (2016), “Statutory minimum wages in the EU 2016”, Eurofound, 29 January In 22 out of 28 EU Member States, there is a generally applicable statutory minimum wage and the level of this minimum wage varies greatly from one country to another. This article provides information on statutory minimum wage levels and how this is determined across the EU in January 2016. Relevant Posts Stirati, Antonella, (2016), “Real wages in the business …Read More

Hallwirth, Volker, (2015), “Monitoring competitiveness in the European Economic and Monetary Union”, IMK Studies, Nr. 44, December. The aim of the European Union’s Macroeconomic Imbalance Procedure (MIP) is to prevent and correct macroeconomic imbalances before they get out of hand. The President’s of the EU and Euro area institutions recommend in their report on “Completing Europe’s Economic and Monetary Union” to strengthen this procedure. A euro area system of Competitiveness Authorities is …Read More