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Central bank communication on fiscal policy

Allard, J.,  Catenaro, M.,  Vidal, J.-P.,  Wolswijk, G., (2013), “Central bank communication on fiscal policy”, European Journal of Political Economy, Volume 30, pp. 1–14. The issue of central bank communication on fiscal policy has so far received very little attention in the literature. This article aims to shed light on the determinants of central bank communication on fiscal policy by analysing the intensity of central banks’ fiscal communication for five …Read More

The Shadow Economy

Schneider, Fr., Williams, C., (2013), “The Shadow Economy”,  The Institute of Economic Affairs. To some people, the shadow economy is a great example of free economic activity at work. It is entirely unregulated except by the participants themselves; no tax is paid on shadow economic activity; and it may be possible to pursue activities in the shadow economy which are prohibited by law unjustly. Indeed, the smugglers of Sussex are …Read More

Whose economic reform?

Pisani-Ferry, J., (2013), “Whose economic reform?”, www.project-syndicate.org, 30  July. Together with fiscal consolidation, structural reform is the new European mantra. International organizations and European Union bodies regard such reform as a prerequisite of economic recovery, growth, and alleviation of the unemployment plague.

Unity in diversity: Protecting the common market with divergent macroprudential policies

Houben,  A., Kakes, J., (2013), “Unity in diversity: Protecting the common market with divergent macroprudential policies”, www.voxeu.org , 30 July. Financial cycles have increasingly diverged across members of the Eurozone. National macroprudential tools are thus key to managing financial imbalances and protecting Europe’s economic integration. This column discusses research suggesting that reasonable macroprudential policies by the GIIPS countries in the euro’s first decade would have helped avoid much pain in …Read More

Combining the Entry of Young People in the Labour Market with the Retention of Older Workers

IZA, (2013), “Combining the Entry of Young People in the Labour Market with the Retention of Older Workers”, IZA Report, N. 53. This study provides an overview of the employment situation of young and old workers in the EU Member States, setting out the most recent developments during the crisis and dealing with policies implemented to promote the employment of both groups. The evidence collected shows that there is no …Read More

Fertility Reactions to the “Great Recession” in Europe: Recent Evidence from Order-Specific Data

Goldstein, J., Kreyenfeld, M., Jasilioniene, A., Karaman Örsal, D. (2013), “Fertility Reactions to the “Great Recession” in Europe: Recent Evidence from Order-Specific Data”, Demographic Research¸Vol. 29, Art. 4, pp 85-104. This paper provides recent cross-national evidence of the impact of the great recession on fertility in Europe in the context of the recent decade. Using data from the Human Fertility Database (HFD), from Eurostat, and from the OECD database, we …Read More

European business cycle indicators

European Commission, (2013), “European business cycle indicators”, 2nd Quarter 2013. Apart from useful tools for the assessment of the overall economic picture, the EU-wide harmonised survey programme for the business sector also provides more granular information about the factors underlying managers’ assessment of the business situation. Questions on ‘factors limiting production’ allow to investigate the sources of potential limitations to business activity, e.g. whether they are rooted in the demand …Read More

Eurostat: European social statistics

Eurostat, (2013), “European social statistics”, 2013 edition. The pocketbook European social statistics, intended for both generalists and specialists, provides a comparative overview of the social statistics available in 27 Member States and the Candidate Countries of the European Union, as well as in the EFTA states. Different areas of the social field are described here by a selection of indicators which are presented in tables and graphs and accompanied by …Read More

Youth Unemployment in Europe: What to do about it?

Eichhorst, W., Hinte, H., Rinne, U., (2013), “Youth Unemployment in Europe: What to do about it?”, IZA Policy Paper, N., 65. Youth unemployment has become a severe economic and societal problem in many European countries. This paper gives an overview of the current situation and assesses different policy options. It emphasizes the role of stronger intra- EU mobility of young workers, policies to make vocational training systems more effective and …Read More

Standard Eurobarometer, N. 79

European Commission, (2013), “Standard Eurobarometer”, N. 79, Spring 2013. This report presents the first results of the Standard Eurobarometer 79 survey, which was carried out between 10 and 26 May 2013 in 34 countries or territories1: the 27 European Union Member States, the six candidate countries (Croatia, the Former Yugoslav Republic of Macedonia, Turkey, Iceland, Montenegro and Serbia), and the Turkish Cypriot Community in the part of the country that …Read More