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Employment and wage insurance within firms: Worldwide evidence

Ellul, Andrew, Pagano, Marco, Schivardi, Fabiano, (2016), ” Employment and wage insurance within firms: Worldwide evidence “, Voxeu, 17 June Most countries feature some form of government-provided unemployment insurance, but there is an alternative provider of insurance for employees – the firm they work for. This column asks whether the provision of implicit insurance by family firms in particular to employees is a substitute for the provision of explicit insurance by governments. Family …Read More

What those calling for Brexit could learn from the Greek bailout referendum

Featherstone, Kevin, (2016), “What those calling for Brexit could learn from the Greek bailout referendum”, LSE Europpblog, 6 June In the summer of 2015, Greece held a referendum on a proposed bailout deal, with the electorate decisively rejecting the proposal. Kevin Featherstone writes that much like the upcoming referendum on the UK’s membership of the EU, the referendum in Greece was accompanied by the rise of populist campaigning in which emotional appeals …Read More

Can only Eurosceptics oppose austerity? How divisions over integration have replaced the left/right divide in the European Parliament

Van der Veer, Harmen, Otjes, Simon, (2016), “Can only Eurosceptics oppose austerity? How divisions over integration have replaced the left/right divide in the European Parliament”,  LSE blogs/Europpblog, 12 April How do economic platforms interact with support for European integration?Harmen van der Veer and Simon Otjes write that the dynamics within the European Parliament have undergone a shift since the beginning of the Eurozone crisis. Whereas in previous periods the key divide in the …Read More

The EU, a Fair-Weather Ship Between Scylla and Charybdis

Hänska, Max, (2016), “The EU, a Fair-Weather Ship Between Scylla and Charybdis”, LSE blogs/EuroCrisis, 5 April The EU faces debilitation by multiple crises: economic malaise and high unemployment, an influx of refugee and mounting security concerns. They all lay bare that resilience was not build into the EU’s architecture, it lacks the institutional capacities to respond to external shocks. Either its members create the capacities needed to respond resolutely to such shocks, …Read More

Inequality: The Structural Aspects

Milanovic, Branko, (2016), “Inequality: The Structural Aspects”, Social Europe Journal, 17  February Despite the unprecedented attention that income and wealth inequality has received in this year’s presidential campaign in the United States and in several recent elections in Europe, one cannot but have the impression that, for many centrist politicians, inequality is just a passing fad. Relevant Posts F. Campos, Nauro, B Nugent, Jeffrey, (2016), “Labour market reforms, growth and inequality: Evidence from …Read More

How the Euro Crisis was successfully resolved

Eichengreen, Barry, Wyplosz, Charles, (2016), “How the Euro Crisis was successfully resolved”, Voxeu, 12 February When the newly elected Greek government of George Papandreou revealed that its predecessor had doctored the books, financial markets reacted violently. This column discusses the steps implemented by policymakers following this episode, which were essential in resolving the Crisis. What is remarkable, in hindsight, is the combination of pragmatism and reasoning based on sound economic principles displayed by …Read More

What’s Holding Back the World Economy?

Stiglitz, Joseph, Rashid, Hamid, (2016), “What’s Holding Back the World Economy?”, Project Syndicate, 8 February Seven years after the global financial crisis erupted in 2008, the world economy continued to stumble in 2015. According to the United Nations’ report World Economic Situation and Prospects 2016, the average growth rate in developed economies has declined by more than 54% since the crisis. An estimated 44 million people are unemployed in developed …Read More

How to resolve a systemic sovereign debt crisis

Sandri, Damiano, (2016), “How to resolve a systemic sovereign debt crisis”, Voxeu, 17 February How should the international community deal with the solvency crisis of a systemic country? This column argues that the presence of spillovers calls for reducing bail-ins, while requiring somewhat greater fiscal adjustment by the crisis country. To avoid excessive fiscal consolidation, the international community should also provide highly systemic countries with official transfers. To contain moral …Read More

EU-UK deal must preserve social rights

Prouza, Tomas, (2016), “EU-UK deal must preserve social rights”, EU Observer, 10 February Given the major, interlinked challenges the European Union is facing, such as the migration and eurozone crises, the UK’s proposals for EU reform might seem less significant than they are. But if we don’t find a solution, the consequences of Brexit might negatively influence the future direction of European integration. Now is time to be decisive and take …Read More

How The Eurozone Can Be Reformed

Wren Lewis, Simon, (2016), “How The Eurozone Can Be Reformed”, Social Europe Journal, 15 February The 50th anniversary issue of Intereconomics is out, and I have a contribution which summarises how I think the Eurozone could succeed without deeply problematic attempts at fiscal and political union. I look at three areas where change is required, and then rerun history to show how the Eurozone crisis could have been transformed into no more …Read More