The Myth Of Secular Stagnation
In the aftermath of the 2008 financial crisis, some economists argued that the United States, and perhaps the global economy, was suffering from “secular stagnation,”
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Stiglitz Advocates A Dual Currency System In Italy But Why Not For The Whole Eurozone?
Joseph Stiglitz, the Nobel Prize winner for economics, has recently written an article titled “Can the euro be saved?”. He wrote: The euro may be
How To Avoid A Trade War
Defying common sense as well as business and financial elites, US President Donald Trump seems to relish the prospect of a trade war. On July
The New EU Budget Under The Constraints Of Brexit And The Debt Brake
The UK’s exit from the EU means a contributions gap of an estimated €10-14 billion per year, around 7 percent of the EU Budget. Thereby,
Are Money Matters Moral Matters? A Plea For ‘Yes’
Money matters. Money in national budget allocations determines who gets health care, who gets educated, who gets unemployment cover, which industries and companies are favored,
Trade Performance In EU Internal Market In Euro Era
European integration began as a political project to institutionalize peace and cooperation, with the Coal and Steel Community the initial step. In the late 1980s
Mega-Regional Trade Agreements: What Agenda For Social Democracy?
Social democracy has been – traditionally – in favour of internationalization. In overcoming nationalism, that internationalism symbolized both the openness of social democracy to people
Apple, Ireland And The New Green Jersey Tax Avoidance Technique
After the European Commission’s state aid ruling on Ireland, both Apple and the Irish government assured us that Apple has paid tax at Ireland’s statutory
The Case For A Proper Macroeconomic Stabilisation Function For The EU
In the midst of continuing heavy discussions on future reforms of the European Monetary Union, the European Commission presented in May its long-awaited proposal for
OECD Meets Piketty: An Alternative Economic Narrative
Today’s profits are not tomorrow’s investments A picture can say more than a thousand words. This is certainly true for the set of graphs (see
Mission Thinking: A Problem-Solving Approach To Fuel Innovation-Led Growth
The world is afflicted by problems that people experience in their daily lives: clean air in congested cities, a healthy and independent life in old
The Populists’ Euro
The majority of Italians want two things: new political leadership and the euro. The question is whether they can have both. The point about new
How Democratic Is The Euro?
When Italy’s president recently vetoed the appointment of the Euroskeptic Paolo Savona as finance minister in the government proposed by the Five Star Movement-League party
Marx From Industrial To Present-Day Capitalism
The present debate about Karl Marx oscillates between historicising him as a figure of the distant past and applying his insights for a critical view
Europe’s Curse Of Wealth
I have already written before (in a tweet) that no one who travels through Western Europe, especially in Summer, can fail to be impressed by
A Globalisation For People, Not Business
Economists were certain that free trade would be a major source of general welfare enhancement. Resistance against it has been widely seen as irrationality driven