Marzinotto, B., (2015), “Europe’s Pointless Deficit Targets?”, Project Syndicate, 3 June. The fiscal rules of the European Union have undergone some much-needed improvements in recent years, but much more needs to be done. In addition to suffering from a lack of clarity on key issues, EU fiscal policy remains overly focused on short-term goals, reflected in its needless emphasis on nominal deficit targets within annual budget cycles. Relevant Posts: Daniele, …Read More

Fischer, Stanley, (2015), “What have we learned from the crises of the last 20 years?”, Federalreserve.gov, Speech in the International Monetary Conference in Toronto, 1 June There have been many economic and financial crises since the Mexican crisis that began in December 1994. Michel Camdessus, then Managing Director of the IMF, called the Mexican crisis “the first economic crisis of the twenty first century”–by which he meant that it was the …Read More

Wilson, K., “How to unleash the financing of high growth firms in Europe”, Bruegel, 28 May. Access to capital is critical for SMEs and start-ups. In particular, growth finance is important for young innovative firms, which are the drivers of growth and jobs in the economy. In the context of the European Commission’s efforts to reinvigorate growth in Europe, private sector investment has been high on the agenda through President …Read More