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.

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% […]

The Positive Economic Impact Of Germany's Statutory Minimum Wage

With the empirical analyses of the macroeconomic effects of the introduction of the statutory minimum wage in Germany, the IMK tries to determine the short-term and expected medium- to long-term growth, price and employment effects with the help of a macro-econometric model. As a result, economic growth tended to be stimulated by the introduction of the minimum wage. This was mainly due to the higher wages of the minimum wage beneficiaries and a spillover effect on adjoining wage groups. In particular, this benefited people whose low savings rate led to a particularly strong increase in real private consumption. The price increases triggered were negligible on a macroeconomic scale.

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Sustainable Equality Report. Well-being for everyone in a sustainable Europe

Our societies are in the midst of political, economic, social and ecological crises, which permanently feed into each other, and already undermine democracy. Progressive politics with a common and strong vision are crucially needed. Ahead of the next European elections, the Sustainable Equality Report championed by the S&D Group through its Progressive Society initiative addresses this need, resulting in more than 100 concrete policy proposals by thirty policy-makers and renowned experts.

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Energy scenario: Employment implications of the Paris Climate Agreement

This new report shows that the successful transition towards a low-carbon economy, as defined by the Paris Climate Agreement, is projected to result in a 1.1% growth in GDP and a 0.5% growth in employment, in the EU between now and 2030. This is compared to a ‘business as usual’ baseline forecast. Globally, China is also projected to benefit from a low-carbon transition, but the United States would experience a 3.4% drop in GDP, and a 1.6% decline in employment.

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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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Work in the platform economy

This paper presents a case study of the food delivery platform, Deliveroo, in Belgium in 2016-2018. The case offers insights on the nature of platform work, the workers who perform it, the preferences of workers, the strategy of the platforms, and the role of local regulations. Interestingly, Deliveroo in Belgium employed workers through an intermediary, SMart, and we also observed the termination of their co-operation in the period under analysis. Using administrative data provided by SMart and a survey of workers, we analyse patterns of work and also focus on pay.

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About Francesc Raventós

Is The Monetary System Facing The Risk Of Recession?

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