The recent paper “20 Years of the Euro: Winners and Losers” by Gasparotti & Kullas estimates that the introduction of the euro increased the pro-capita income in Germany and the…
Publications
Latest Political Developments Given the media’s focus on the March 29th Brexit date, the views of present and former EU political leaders captivated recent mainstream media. Former Italian prime minister…
It is common opinion that financial cycles generate business cycles and crises, and that central banks intervene to sterilise this causal link. But there are reasons to doubt both statements.
In January, there were two interesting speeches by senior ECB figures which provided some insight as to likely future policy. Speaking at an event in Riga to commemorate the fifth…
The collection of tariffs on imports not only involves direct costs, which is the price of the tariff itself, but also numerous indirect costs. Civil servants, as an example, employed…
Paris has decided to recall its ambassador from Rome, further deepening one of the worst crises between the two neighbouring countries in recent European history. The dramatic (some say theatrical)…
So-called “neoliberalism” is nowadays more often than ever the scapegoat of anything wrong happening in contemporary democracies: from economic crisis to increase inequality, from the rise of populism to environmental…
Over the last few months of 2018, several European Union member states intensified their opposition to a proposed Digital Services Tax (DST), also known as the “Google Tax”. Yet, these…
“This state is not for free,” said the recently-elected leader of the Christian Democratic Union, Annegret Kramp-Karrenbauer, promoting a mandatory year of service in the military or in the social…
The OECD Jobs Strategy was launched in 1994 in response to high and persistent unemployment in the member countries. Although unevenly spread across the labour force, at the time unemployment…