Gergo Motyovszki, author at Social Europe

About Gergo Motyovszki

Gergő Motyovszki is a PhD candidate in economics at the European University Institute in Florence. His research is about how household heterogeneity affects monetary and fiscal policies in open economies and currency unions.

The right macroeconomic policies for a Europe saving too much

by Gergo Motyovszki on 2nd January 2020

German hawks are not just wrong about monetary and fiscal policies and risk-sharing in an ailing European economy—their demands are inconsistent.

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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Social policy in the European Union 1999-2019: the long and winding road

This volume is the 20th anniversary edition of Social policy in the EU: state of play. It looks back at the main developments in EU social policymaking over the past two decades. Key questions addressed include:

* What was the place of the social dimension during the financial and economic crisis?

* Who has driven, and who has braked, EU social policymaking?

* Which instruments does the EU have at its disposal for ‘market correcting’ policies?

* What are the next steps in the further implementation of the EU’s social dimension, especially in the context of the European Pillar of Social Rights?

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What makes capital cities the best places to live?

Eurofound’s new analysis of the latest European Quality of Life Survey (EQLS) compares quality of life and well-being, quality of society, and quality of public services in Europe’s capitals and major cities with respective national averages. The study not only gives an indication of what perceptions of quality of life is like for the 48 million people that live in capital cities in the EU, but also other major European cities such as Istanbul and Belgrade.

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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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The right macroeconomic policies for a Europe saving too much

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