The US Jobs Report, And Why The Recovery Has Stalled


We are in the most anemic recovery in modern history, yet our political leaders in Washington aren’t doing squat about it. In fact, apart from the Fed – which continues to hold interest rates down in the quixotic hope that banks will begin lending again to average people – the government is heading in exactly […]

Grand Mal Economics

Brad DeLong

Across the North Atlantic region, central bankers and governments seem, for the most part, helpless in restoring full employment to their economies. Europe has slipped back into recession without ever really recovering from the financial/sovereign-debt crisis that began in 2008. The United States’ economy is currently growing at 1.5% per year (about a full percentage […]

Why David Cameron is wrong on Europe

ed miliband

Tomorrow’s speech by David Cameron will define him as a weak Prime Minister, being driven by his party, not by the national economic interest. In October 2011, he opposed committing to an in/out referendum because of the uncertainty it would create for the country. The only thing that has changed since then is he has […]

European Labour Markets: Six Key Lessons From The Commission Report

Jonathan POrtes

I haven’t always been complimentary about the European Commission – either its economic analysis or its policy advice.  So it’s nice to be able to be wholeheartedly positive about the excellent report “Employment and Social Developments in Europe 2012” (brought to my attention by this article by Ambrose Evans-Pritchard in the Telegraph, also excellent) produced by the Commission’s Directorate-General for […]

Europe is not working!

David Lizoain

Yesterday, Joseph Stiglitz spoke at a conference in Barcelona. He noted that the euro zone is designed in such a way that when young people from Greece, Ireland, etc. emigrate, they are no longer liable for the debts accumulated by previous generations. This emigration shrinks the tax base and makes it harder to service public […]

A Modern Approach for Fair, Inclusive, Pro-active Labour Market Policies – Lessons learned from the Austrian Experience

Throughout the course of history, there were several so call labour market models in western societies: the United States, Sweden, Denmark, the Netherlands, and more recently Germany and, maybe, Austria. In terms of a well functioning labour market, most of them were successful for a certain period in history but failed in others. Look at […]

A Labour Market Perspective of the Austerity versus Growth Debate

Marco Giuli

The French electoral campaign has been widely read across Europe as a fight between the candidate of austerity and the candidate of growth, as much as these interpretational categories have been used to describe the frictions between Hollande and Merkel, exacerbated during the latest European Council summit. But this debate is misplaced, gives rise to […]

Revitalising European Industry


Europe is debilitated with the effects of two years of desperate crisis management. The prescribed treatment resembles the old practice of bloodletting on ailing patients. Growing debts are paid with more loans, and new loans are made dependent on increasingly severe austerity measures. The results are a greater risk of recession, higher interest rates on […]