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Social Europe articles on the economy

Social Europe is an award-winning digital media publisher that publishes content examining issues in politics, economy, society and ecology. This archive brings together Social Europe articles on the economy.

prorities, Covid-19 economy

Priorities for the Covid-19 economy

by Joseph Stiglitz on 6th July 2020

The most urgent policy priorities have been obvious since the beginning, but they will require hard choices and a show of political will.

Covid 19 vaccine

No more free-lunch bailouts

by Mariana Mazzucato and Andreo Andreoni on 1st July 2020

With governments spending on a massive scale to mitigate the economic fallout from Covid-19, they should be positioning their economies for a more sustainable future.

unemployment

Emerging stronger from the crisis

by Andrew Watt on 1st July 2020

Europe needs to do more at federal level if a recovery plan is to be successful.

green industrial recovery

Let this time be different!

by Kajsa Borgnäs on 29th June 2020

Europe needs a green industrial recovery strategy to exit the pandemic.

Italian economy

Seven ‘surprising’ facts about the Italian economy

by Philipp Heimberger and Nikolaus Krowall on 25th June 2020

Why would affluent northern-European taxpayers want to pour money into an Italian economy that is a basket-case? Except it isn’t.

fiscal regimes, fiscal union

Fiscal regimes and equality among states

by Sergio Fabbrini on 17th June 2020

Amid talk of a ‘Hamiltonian moment’, the Next Generation EU recovery fund recalls a later US Treasury secretary as a fiscal union emerges.

EU fiscal framework, fiscal rules, Maastricht rules, Stability and Growth Pact

The Covid-19 crisis: inflationary or deflationary?

by Peter Bofinger on 15th June 2020

Peter Bofinger warns especially German inflation-phobes that deflation is a greater downside risk in the aftermath of the pandemic.

digital tax, tax burden

Protection against hostile takeovers: rethinking the free movement of capital

by Susanne Wixforth and John Weeks on 11th June 2020

Should free movement of capital any longer be sacrosanct when it leads to predatory takeovers and regional inequalities in a globalised economy?

ECB mandate, European Central Bank mandate

Enlarging the ECB mandate for the common good and the planet

by Benjamin Braun, Daniela Gabor and Benjamin Lemoine on 8th June 2020

It’s a fiction that monetary and fiscal policy are separate. The European Central Bank’s mandate should be enlarged to co-ordinate them in a new way.

recovery

A global economy in uncharted waters

by John Evans on 3rd June 2020

Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it.

Italian economy

Keeping the promise of eurozone convergence

by Philip Heimberger, Maximilian Krahé, Dominic Ponattu and Jens van 't Klooster on 27th May 2020

Economic theory explains why a single European currency didn’t bring geographical convergence—but only political action can realise that.

eurozone recovery, recovery package, Financial Stability Review, BEAST

Time to expose the reality of ‘debt market discipline’

by Adam Tooze on 25th May 2020

As another sovereign-debt crisis looms, Adam Tooze warns against repeating the mistake of delegating to anonymised ‘markets’ accountable political choices.

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Social Europe Publishing book

The Brexit endgame is upon us: deal or no deal, the transition period will end on January 1st. With a pandemic raging, for those countries most affected by Brexit the end of the transition could not come at a worse time. Yet, might the UK's withdrawal be a blessing in disguise? With its biggest veto player gone, might the European Pillar of Social Rights take centre stage? This book brings together leading experts in European politics and policy to examine social citizenship rights across the European continent in the wake of Brexit. Will member states see an enhanced social Europe or a race to the bottom?

'This book correctly emphasises the need to place the future of social rights in Europe front and centre in the post-Brexit debate, to move on from the economistic bias that has obscured our vision of a progressive social Europe.' Michael D Higgins, president of Ireland


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Hans Böckler Stiftung Advertisement

The macroeconomic effects of the EU recovery and resilience facility

This policy brief analyses the macroeconomic effects of the EU's Recovery and Resilience Facility (RRF). We present the basics of the RRF and then use the macroeconometric multi-country model NiGEM to analyse the facility's macroeconomic effects. The simulations show, first, that if the funds are in fact used to finance additional public investment (as intended), public capital stocks throughout the EU will increase markedly during the time of the RRF. Secondly, in some especially hard-hit southern European countries, the RRF would offset a significant share of the output lost during the pandemic. Thirdly, as gains in GDP due to the RRF will be much stronger in (poorer) southern and eastern European countries, the RRF has the potential to reduce economic divergence. Finally, and in direct consequence of the increased GDP, the RRF will lead to lower public debt ratios—between 2.0 and 4.4 percentage points below baseline for southern European countries in 2023.


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ETUI advertisement

Benchmarking Working Europe 2020

A virus is haunting Europe. This year’s 20th anniversary issue of our flagship publication Benchmarking Working Europe brings to a growing audience of trade unionists, industrial relations specialists and policy-makers a warning: besides SARS-CoV-2, ‘austerity’ is the other nefarious agent from which workers, and Europe as a whole, need to be protected in the months and years ahead. Just as the scientific community appears on the verge of producing one or more effective and affordable vaccines that could generate widespread immunity against SARS-CoV-2, however, policy-makers, at both national and European levels, are now approaching this challenging juncture in a way that departs from the austerity-driven responses deployed a decade ago, in the aftermath of the previous crisis. It is particularly apt for the 20th anniversary issue of Benchmarking, a publication that has allowed the ETUI and the ETUC to contribute to key European debates, to set out our case for a socially responsive and ecologically sustainable road out of the Covid-19 crisis.


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Eurofound advertisement

Industrial relations: developments 2015-2019

Eurofound has monitored and analysed developments in industrial relations systems at EU level and in EU member states for over 40 years. This new flagship report provides an overview of developments in industrial relations and social dialogue in the years immediately prior to the Covid-19 outbreak. Findings are placed in the context of the key developments in EU policy affecting employment, working conditions and social policy, and linked to the work done by social partners—as well as public authorities—at European and national levels.


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Foundation for European Progressive Studies Advertisement

Read FEPS Covid Response Papers

In this moment, more than ever, policy-making requires support and ideas to design further responses that can meet the scale of the problem. FEPS contributes to this reflection with policy ideas, analysis of the different proposals and open reflections with the new FEPS Covid Response Papers series and the FEPS Covid Response Webinars. The latest FEPS Covid Response Paper by the Nobel laureate Joseph Stiglitz, 'Recovering from the pandemic: an appraisal of lessons learned', provides an overview of the failures and successes in dealing with Covid-19 and its economic aftermath. Among the authors: Lodewijk Asscher, László Andor, Estrella Durá, Daniela Gabor, Amandine Crespy, Alberto Botta, Francesco Corti, and many more.


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