Pelkmans, Jacques, (2016), “What strategy for a genuine single market?”, CEPS,  Special Report No. 126, 13 January. This strategy paper focuses on making the most of the EU single market. The EU should pursue a genuine single market, and treat it as a common asset of all its citizens, economic operators and member states. The economic case to be made on behalf of the genuine single market is powerful, even more so due …Read More

Svirydzenka, Katsiaryna, (2016), “Introducing a New Broad-based Index of Financial Development”, IMF Working Paper No. 16/5, 12 January. There isa vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one of two measures of financial depth – the ratio of private credit to GDP or stock market capitalization to GDP. However, these indicators do not …Read More

Kuvshinov, Dmitry, Müller, Gernot, Wolf, Martin, (2015), “Deleveraging, deflation and depreciation in the euro area”, Centre for Economic Policy Research, December. During the post-crisis period, economic performance has been highly heterogenous across the euro area. While some economies rebounded quickly after the 2009 output collapse, others are undergoing a protracted further decline as part of an extensive deleveraging process. At the same time, inflation has been subdued throughout the whole of the euro area and intra-euro-area …Read More

European Commission, (2015), “Report on Public Finances in EMU 2015”, Institutional Paper 14, December The European Commission’s annual Report on Public Finances in the EMU provides an overview of key policy developments and analytical findings  in this area. The report describes recent development with deficits and debt, underlining  the need to achieve a balance between short-term stability  and long-term sustainability of public finances. The focus  this year  is the challenge …Read More