Francesc Raventós, author at Social Europe

About Francesc Raventós

Francesc Raventós is an economist, former dean of the Official Economist Association of Spain in Madrid, deputy mayor of Barcelona and co-author of Economic and Social Strategic Plan for the future of Barcelona.

Could the dollar be in default?

by Francesc Raventós on 7th March 2019

The US has been able to run growing budget deficits by issuing more dollars as the reserve currency. If a polycentric world ends its indulgence, the shock to America could be great. In 1944, at the end of World War II, a new international monetary system was agreed. This system pegged currencies to the price […]

Is The Monetary System Facing The Risk Of Recession?

by Francesc Raventós on 11th October 2018

The International Monetary Fund, other economic institutions, politicians, experts, and a good number of indicators predict a new economic downturn. The causes will be diverse but the significant one is that debt worldwide has grown at an exaggerated rate. According to the report of the International Finance Institute, IIF, global debt is $247-plus trillion, 318% […]

For a Sound Fiscal Policy

The public sector in Germany has massively neglected its investments in the past two decades. The result is a public capital stock that does not meet the requirements of a modern economy and is inadequate to meet the challenges posed by the imminent demographic change and the international commitments for decarbonisation. If the requirements in the areas of education, transport, communication networks and decarbonisation are added together, the additional public investment or public investment promotion required over the next 10 years is around €450 billion, i.e. around €45 billion per year. From a macroeconomic perspective, this amount can be shouldered well, but it is unrealistic to finance these investments solely by redeploying funds in existing budgets. For this reason, the debt rules in the Germen constitution should be extended to include a golden rule allowing borrowing to the extent of net investment. Until such a rule is implemented, room for manoeuvre should be used, for example through extra-budgetary entities. It is also important to provide sustainable debt relief for municipalities, which play a central role in public investment, especially in transport infrastructure.

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Ensuring fair Short-Time Work: a European overview

Torsten Müller and Thorsten Schulten

At the end of April 2020, in the EU27 there were more than 42 million applications for support for workers on short-time work or similar schemes, which corresponds to about one quarter of the overall EU workforce. With its proposed SURE programme to provide financial support to national short-time work and similar systems, the European Commission has recognized the importance of short-time work for avoiding unemployment and supporting employees’ wages while at the same time allowing companies to adapt working hours to the drop in demand. Based on a comparison of the different short-time work schemes in Europe, this policy brief identifies some criteria for fair short-time work which enables workers not only to retain their job, but also to live a decent life.

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Living, working and COVID-19: First findings—April 2020

In the space of just a few weeks, the COVID-19 pandemic caused by the novel coronavirus has radically transformed the lives of people around the globe. Apart from the devastating health consequences on people directly affected by the virus, the COVID-19 pandemic has had major implications for the way people live and work, affecting their physical and mental well-being in a profound way. To capture the immediate economic and social effects of this crisis, Eurofound launched a large-scale online survey across the European Union and beyond on 9 April. Entitled Living, working and COVID-19, the aim of the survey is to investigate the impact on well-being, work and telework and on the financial situation of people living in Europe.

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Social Europe Volume Two

This book brings to you some of the best contributions published on Social Europe over the second half of 2019 in easily accessible ebook and paperback formats. The collection is newly edited with a thematic focus on the rise of populism and also includes in text-form previously unpublished material from Social Europe Podcast. This second volume brings together contributions by Cas Mudde, Dani Rodrik, Peter Verovsek, Branko Milanovic, Sheri Berman, Paul Mason, Bela Galgoczi, Mariana Mazzucato and Ngaire Woods.

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Zygmunt Bauman was a towering intellectual who saw and analysed – right up to his death in early 2017 – the great socio-political changes, often convulsive, in modern western society long before his peers. Here we highlight his prescient insights into what he dubbed ‘liquid modernity’ with 24 chapters on topics ranging from online loneliness via precarity/poverty/inequality to migration, fear of the ‘Other’ and the decline of the nation state. Chronicle of Crisis, 2011-16, written by one of the great chroniclers of our times, will be read and re-read for decades and more to come.

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Could the dollar be in default?

Is The Monetary System Facing The Risk Of Recession?

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