External Publication
This report reviews the key theoretical foundations underlying the benefits and risks of net capital flows, in particular large, persistent inflows or outflows, and the significance of gross flows and their composition.
Blog Post
The IMF recognizes that given the bleak outlook for the euro area real economy, if the ECB continues with its relatively hawkish monetary policy approach it will take 5 years for inflation to converge to just 1.5%.
Blog Post
High-level policymakers and student groups from numerous universities around the world are pushing for a economic curriculum reform to bring the so called “dismal science” closer to the real world and introduce pluralism into its educational system.
External Publication
This study provides to the Committee for Employment and Social Affairs of the European Parliament with an analysis of the speed and composition of fiscal consolidation strategies. It describes major social developments in Europe, with a focus on poverty, and considers and interprets the links between fiscal consolidation measures and social developments.
Blog Post
We show how the euro area (EA) is lagging behind its two major advanced economy counterparts in a few key macroeconomic variables.
Blog Post
At present there is calm after the storm; despite having less stringent restrictive measures than almost a year ago, the banking system remains stable. Though dealing with mounting non-performing loans remains the biggest financial challenge.
Blog Post
It is still too early to conclude that the Cyprus programme will be successful, particularly in terms of enabling the country to regain market access in a timely manner for a clean exit. But it can be said that so far so good: the programme is broadly on track with respect to conditionality compliance and the macroeconomic outcomes have been better than expected.
External Publication
This study was presented to the ECON committee of the European Parliament.It provides a systematic evaluation of financial assistance for Greece, Ireland, Portugal and Cyprus. All four programmes, and in particular the Greek one, are very large financially compared to previous international programmes.
Blog Post
The data protection of EU citizens has been in focus ever since the surge in espionage scandals that began with the leaks from Edward Snowden. But besides having plenty of coverage from the political and legal standpoint, not so much attention has been given to the economic perspective surrounding this matter.
Blog Post
There is almost no doubt that the ECB will need to loosen up its monetary stance a bit more, the question is when to do so?
Blog Post
Besides the fact that anyone with some common sense would probably agree that excessive regulation hampers business and can be a drag on growth, the reactions toward the UK's Business Taskforce report, 'Cut EU red tape', have been mixed.
Blog Post
We have updated the monthly database up to July 2013, which is downloadable form the website of the working paper.