Immigration is a highly contentious topic in modern societies, with almost all of the different regimes across the OECD showing failures on some measure. As populist responses increase to rising levels of immigration, a policy solution must exist that assuages the concerns of those who have (...)
The Chancellor of the Exchequer, Phillip Hammond, presented his Autumn Budget to Parliament on 22 November 2017. Compared to what happened in Spring 2017, this time the Chancellor described a rather uncontroversial nor surprising set of measures. What has instead inspired a national debate is (...)
The European Commission has made a commitment to evidence-based policy making when designing regulations to improve Europe’s environmental conditions. The stated objective is that “Commission initiatives and proposals for EU legislation are prepared on the basis of transparent, comprehensive and (...)
The ECB has lost confidence in bank industry efforts to reform or replace Euribor; but finding a replacement, and designing transitional arrangements will not be a straightforward task. It also risks highlighting the uncomfortable truth that the volume of unsecured interbank lending is (...)
The size of the digital economy The digital economy represents a relevant quota of global wealth. According to Accenture, it counted for 22.5% of worldwide GDP in 2015, with a forecast of 25% by 2020. Facebook totals 2 billion users, while WhatsApp and YouTube more than 1 billion. Similarly, (...)
Of all the economic implications the European Union has on the world market, few policies have been debated and criticised more than the EU’s Common Agricultural Policy (CAP). Through this policy, farmers within the EU receive €45 billion in subsidies each year, with the intention of keeping (...)
WP 2017-05. Executive summary.
Discussions on the optimal level of government intervention in the economy have become very intense in recent years, especially following the 2008 financial and economic crisis. The hardships produced by this temporal economic downturn have led to some very (...)
The two major Parties in UK have recently concluded their annual conferences.
After the positive performance in the last election, the Labour Party appears to have found internal cohesion and a credible leader in Jeremy Corbin. In line with their manifesto, the conference offered a clear, and (...)
Although there never seemed much doubt that Mrs. Merkel would be elected for a fourth term as Chancellor of Germany on September 23rd, it is not clear whether she will be strong enough to help the EU authorities push through banking union before any pro-nationalist political parties gain real (...)
WP 2017-04. Executive summary.
In many countries around the world, lottery services are provided by government-owned firms that are equipped with (regional) monopoly privileges. The official argument for lottery monopolies by state-owned firms as, for instance, in Germany regularly point to (...)