Can government deficits be financed directly by central banks, as modern monetary theory suggests? The question should not be if but how much.
Social Europe Blogs
This category brings together Social Europe blog posts. Our blog posts consist of shorter commentaries or analytical articles that often include charts and other visual elements and therefore structured differently compared to text-based comment and analysis pieces.
Europe can remain a manufacturing hub if it ensures early adoption of game-changing technologies, engages with global supply chains and manages the green transition.
When it comes to responsibility for global greenhouse-gas emissions, some are more equal than others.
Flatlining wages, denial of workplace voice and precarity are undermining trust in Europe—and assisting the siren calls of the populists.
The wage share has been falling across the world as inequality has increased in recent decades. A co-ordinated rise is needed, starting in Europe, to reverse that.
The European Parliament election campaign is entering full swing—a detailed analysis of the platforms of the main European party groups and what the political consequences might be for the EU over the next five years. In his speech at the December congress of the Party of European Socialists, Frans Timmermans, the current lead candidate for the […]
The new US congresswoman Alexandria Ocasio-Cortez has kickstarted a debate on taxation. Arguments for high income tax rates are not punitive—but they are political as well as pecuniary.
Superstar firms are emerging in winner-takes-all markets, facilitated by digitalisation—and the loser is the labour share.
In a recent LSE blog, (reproduced here), Donato Di Carlo presents empirical evidence for what he considers a ‘quiet rebalancing’ of the German economy. Using 2010 as a reference point, he bases his argument on a comparison of the growth of real unit labour costs, real expenditures, and import-export relations of Germany vis-à-vis other European […]
Growing inequality between eurozone members is one of the least welcome legacies of the euro- and sovereign debt crisis. The idea that the less well-off member states would catch up with the better-off in terms of GDP per capita was one of the great promises of the Maastricht Treaty, although very little emphasis is given […]
The main feature of the successive economic adjustment programs implemented in Greece in the period 2010-2018 concerning industrial relations was a radical decentralization of the collective bargaining system and the government setting (more explicitly: the reduction) of national minimum wages. Today, despite the almost complete decentralization of that system, the performance of domestic labour markets […]
Everybody at the European level agrees that we need more quality jobs to build momentum for recovery and climb out of the years of crisis. But what does this actually mean? And what realistic plans are in place to achieve growth that is ‘rich in quality jobs’? Late last year, the European Trade Union Confederation […]