De Grauwe, P. & Ji, Y. (2014) “Disappearing government bond spreads in the eurozone – Back to normal?“, Economic Policy, CEPS Working Documents, 14 May. Since the announcement of the Outright Monetary Transactions (OMT) programme by Mario Draghi, President of the ECB, in 2012, the government bond spreads began a strong decline. This paper finds that most of this decline is due to the positive market sentiments that the …Read More
Jacobs, E. (2014) “Twelve Ways to Fix the Youth Unemployment Crisis“, Governance Studies at Brookings, May. INTRODUCTION Young Americans are enduring staggeringly high rates of joblessness. The official unemployment rate for 16 to 24 year olds is 14.5 percent, and has been in the double-digits for seven straight years. Over three million young people are unemployed, and many more have dropped out of the labor market entirely. While the …Read More
Booth, S. (2014) “The European Parliament is a failed experiment in pan-European democracy – national parliaments are the key to solving the democratic deficit“, LSE EUROPP, 21 May. Strengthening the European Parliament has often been viewed as the best method of addressing the EU’s alleged ‘democratic deficit’. Stephen Booth writes that while this perspective has led to the Parliament’s powers being increased successively over recent decades, the effect of …Read More
Ozlem Onaran, Ο. & Stockhammer, Ε. (2014) “Why The Recovery Needs Wage Growth“, Social Europe Journal, 21 May. Five years after the beginning of the recession real wages in Britain are still well below their pre-crisis level. As of March 2014 real weekly earnings (deflated by the RPI) are at the level of November 2000; that is a staggering 12% below their peak in February 2008. Is that a …Read More
Ladi, S. & Tsarouhas, D. (2014) “The Politics of Austerity and Public Policy Reform in the EU, Political Studies Review, 12: 171–180. The European Union (EU) is at a critical juncture that will either trigger further integration or reinforce a mode of intergovernmental cooperation. The spread of market pressure to a growing number of states demonstrates that the crisis needs to be dealt with at the European and not just …Read More
OECD (2014) “National Accounts at a Glance 2014“, Organization for Economic Cooperation and Development, 29 Απριλίου. This publication presents information using an “indicator” approach, focusing on cross-country comparisons; the aim being to make the accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented. The range of indicators is set …Read More
European Banking Authority (EBA) 2013 Annual Report, 21 May 2014. This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks’ balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a truly uniform set of …Read More
Manski, C. F. (2014) “Facing up to uncertainty in official economic statistics“, VoxEU Organisation, 21 May. Many economic statistics move markets when first released, and move them again when they are revised. This column suggests ways of measuring the transitory statistical uncertainty in estimates of official statistics based on incomplete data and the permanent statistical uncertainty stemming from survey non-response. Government agencies would be doing the public and policymakers …Read More
Ignatowski, M. & Korte, J. (2014) “Resolution threats and bank discipline“, VoxEU Organisation, 20 May. Can a tightening in the bank resolution regime introduce more prudent bank behaviour? This column reviews some arguments for why this could be the case. It presents evidence linking changes in bank resolution regimes with bank behaviour. Tightening of US bank resolution significantly decreased the overall risk-taking of the most affected banks. This effect, …Read More
Saurugger, S. (2014) “Europeanisation in Times of Crisis“, Political Studies Review, 12: 181–192. The aim of this article is to analyse the strengths and weaknesses of Europeanisation studies when used to study periods of crisis. The conceptual consensus surrounding the definition of ‘Europeanisation’, understood as the impact of European integration at the domestic level (the so-called ‘top-down approach’), is put under pressure in a crisis situation, where the salience of …Read More
