Gerba, Eddie, Macchiarelli, Corrado, (2016), “Policy options and risks of an extension of the ECB’s quantitative easing programme: An analysis”, European Parliament, February During the press conference on 3 December 2015, president Mario Draghi reiterated the readiness of the ECB to adopt additional measures in order to maintain an appropriate degree of monetary accommodation. Different options are available, including the increase in the amount of monthly purchases of assets, currently set at 60 …Read More
Completing Europe’s economic and monetary union
Dabrowski, Marek, (2016), “Completing Europe’s economic and monetary union“, Bruegel Publications, 10 March This note has been written in response to the UK House of Lords European Union Committee’s Call for Evidence on ‘Completing Europe’s Economic and Monetary Union’. The opinions presented here represent solely the view of their author and not necessarily the institutions, which he is affiliated with. Thus, these opinions can be attributed publicly to the author only. Taking …Read More
Library » EU » Economy » Policy Papers
Market power Europe: exploring a dynamic conceptual framework
Damro, Chad, (2015), “Market power Europe: exploring a dynamic conceptual framework”, Journal of European Public Policy, Issue 9, Volume 22, 3 June The conceptualization of the European Union (EU) as market power Europe reflects an understanding that the EU most consequentially affects the international system by externalizing its internal market-related policies and regulatory measures. While considerable evidence exists to support such an exercise of power, further elaboration of the conceptualization reveals a number of …Read More
Library » EU » Economy » Scientific Articles
Economic Survey of Greece 2016
OECD, (2016), ” Economic Survey of Greece 2016“, OECD, 10 March The Economic Survey of Greece says poverty has risen since the crisis to reach one third of the population. Tackling poverty and inequality must be urgent policy priorities, it adds. The survey sees the recovery strengthening in 2017 as ongoing reforms and external demand benefit investment and jobs. It stresses that successful negotiations to address public debt sustainability are …Read More
How low-cost labour market information benefits job seekers
Belot, Michèle, Kircher, Philipp, Muller, Paul, (2016), “How low-cost labour market information benefits job seeker”, Voxeu, 10 March. Not much is known about the value of simply advising job seekers on what types of jobs to search for. This column investigates whether the search behaviour and job prospects of the unemployed are affected by providing low-cost personalised labour market information on potential alternative occupations. The results of a randomised trial …Read More
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The impact of bank capital on economic activity – Evidence from a Mixed-Cross-Section GVAR model
Gross, Marco, Kok, Christoffer, Zochowski, Dawid, (2016), “The impact of bank capital on economic activity – Evidence from a Mixed-Cross-Section GVAR model”, ECB Working Paper Series, No 1888, 8 March. We develop a Mixed-Cross-Section Global Vector Autoregressive (MCS-GVAR) model for the 28 EU economies and a sample of individual banking groups to study the propagation of bank capital shocks to the economy. We conduct various simulations with the model to assess how capital ratio …Read More
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As The Euro Time Bomb Ticks Away The ECB Turns Desperate
Bibow, Jörg, (2016), “As The Euro Time Bomb Ticks Away The ECB Turns Desperate”, Social Europe, 9 March. These are not happy times for Europe. Ukraine, Russia, and rising anti-democratic influences in Hungary and Poland represent latent threats at the European Union’s eastern front. The prospect of Brexit is a more acute one at its western front. After letting loose manifold conflicting forces that continue shaping internal politics in many EU countries …Read More
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Reality Check for the Global Economy
Acalin, Julien, Blanchard, Olivier, et al., (2016), “Reality Check for the Global Economy”, PIIE Briefing 16-3, March. After five years of disappointing recovery throughout the major economies, almost everyone is ready to believe the worst. The widespread large declines in global asset prices indicate a significant divergence between what financial markets fear and what most mainstream macroeconomic forecasts are showing for the world economy. Having some clarity to distinguish between the more solid underlying economic …Read More
The influence of the economic approaches to regulation on banking regulations: a short history of banking regulations
Harnay, Sophie, Scialom, Laurence, (2016), “The influence of the economic approaches to regulation on banking regulations: a short history of banking regulations”, Cambridge Journal of Economics, 2 March This article highlights the theoretical foundations of the regulations at work in the banking sector and examines their responsibility in the onset of the 2007–2008 financial crisis. Drawing a parallel between the main changes in banking regulations since the 1960s and the evolutions in the economic …Read More
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Measuring ageing and the need for longer working lives in the EU
Barslund, Mikkel, Von Werder, Marten, (2016), “Measuring ageing and the need for longer working lives in the EU”, CEPS, 24 February This study considers different ways of measuring the ageing of societies and their implications for public policy. The first part characterises the ongoing ageing of the population in the EU28 by relating it to past and future longer-term demographic trends for broad groups of countries. It goes beyond traditional …Read More
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