Richard Barwell, A Eurozone Without Greece – It’s time to think more seriously about this possibility, Wall Street Journal, 01 April 2015. The 24-hour news cycle is causing a cacophony of speculation about Greece leaving the euro, the so-called Grexit. Amid all the arguments about whether Greece will or should exit, there has been a lot less thought given to what would happen if Greece does return to the …Read More
Fernández, Α., Klein, W. M., Rebucci, A., Schindler, M. & Uribe, M. (2015) “Capital control measures: A new dataset“, VoxEU Organisation, 02 April. A renewed interest in capital controls following the Great Recession requires a serious empirical reconsideration of their effectiveness as policy instruments. This column introduces a new dataset that features unprecedented levels of disaggregation between asset categories, and distinguishes transactions between residents and non-residents. The ensuing debate …Read More
Abbassi, P., Bräuning, F., Fecht, F. & Peydró, J. S. (2015) “Eurozone interbank lending market during the Global and EZ crises“, VoxEU Organisation, 02 April. The Global Crisis and subsequent sovereign debt crisis in the Eurozone severely distressed wholesale funding markets. This column argues that in the Eurozone, interbank funding conditions tightened particularly for cross-border borrowing. Moreover, during the worst moments of the crisis, the same borrower bank could …Read More
Dr Richard M. Ebeling (2015) “A World Without The Welfare State“, The Cobden Centre – Politics, 29 March. We live in an era in which few can even conceive of a world without the welfare state. Who would care for the old? How would people provide for their medical needs? What would happen to the disadvantaged and needy that fell upon hard times? In fact, there were free market …Read More
Mitchell, B. (2015) “ECB should start funding government infrastructure and cash handouts“, Bill Mitchell Blog, 30 March. I was a signatory to a letter published in the Financial Times on Thursday (March 26, 2015) – Better ways to boost eurozone economy and employment – which called for a major fiscal stimulus from the European Central Bank (given it is the only body in the Eurozone that can introduce such …Read More
Gaspar, V. (2015) “Fiscal Policy And Structural Reform“, iMFdirect, 27 March. One of the big questions to emerge from the global financial crisis, especially in the euro area, is how to raise a country’s potential growth while restoring healthy public finances. For example, the euro area— despite some favorable news recently — faces marked-down growth prospects alongside high levels of public debt. The combination of high debt and tepid …Read More
Nikolas Papageorgiou (2015) “The unspectacular Union“, The European Magazine, 24 March. From lobbyists to toasters: Why the EU is not as evil, opaque, or important as we think. Most people who dive into understanding how things work in Brussels find out the hard way: the way things work in this town is rarely, if ever, shocking enough to be bothered with. Like most things we hear about the European …Read More
Dhingra, S., Ottaviano, G. & Sampson, T. (2015) “Should the UK stay or go? The economic consequences of Britain leaving the EU“, LSE EUROPP, 24 March. How would a British exit from the EU affect the UK’s economy? Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson outline the economic consequences of a Brexit, writing that reduced integration with EU countries is likely to cost the UK economy far more than is gained …Read More
Marty, O. (2015) “The Juncker Plan – the vehicle for revived European ambition?“, Fondation Robert Schuman – The Research and Studies Centre on Europe, European Issues – European Issue No. 347, 09 March 2015. The proposed regulation on the creation of the European Fund for Strategic Investments (EFSI) was presented by the European Commission on 13th January 2015. The trilogue is going on until the end of the Latvian …Read More
Jacques Attal (2015) “Think differently about the Right and the Left, L’ Express Blog, 09 March. While political parties, doctrines and party platforms might not want to admit it, there is a certain, albeit slow, shift in the traditional Left-Right cleavage in the practice of governments all over the world: As so often happens, practice precedes doctrine and creates it. Clearly there is still on the one hand the …Read More
