How Political Elites Have Failed To Ensure Social Justice Across Generations
Something interesting has emerged in voting patterns on both sides of the Atlantic: Young people are voting in ways that are markedly different from their
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
Greek Pensions: Tsipras’ Last Ditch Fight Versus Troika
The Troika is in Athens and will not leave without deep cuts to pensions, even though the country is back in recession. Far from last
A State-Powered Green Revolution
Discussions about building a green future tend to focus on the need to improve the generation of energy from renewable sources. But that is just
Same ECB Medicine, Higher Dosage – Good But More Needed
The ECB has announced a further expansionary shift by beefing up a range of existing policy instruments. Barring unexpected positive shocks this will not be
As The Euro Time Bomb Ticks Away The ECB Turns Desperate
These are not happy times for Europe. Ukraine, Russia, and rising anti-democratic influences in Hungary and Poland represent latent threats at the European Union’s eastern
Why We Need To Rewrite The Maastricht Rules
The 1992 Treaty of Maastricht that lay the basis for the euro committed signing governments to several economic targets. Subsequent treaties and protocols made these
Keynes’s General Theory At 80
In 1935, John Maynard Keynes wrote to George Bernard Shaw: “I believe myself to be writing a book on economic theory which will largely revolutionize
EU Stagnation Continues: Deja Vu All Over Again
With the returning regularity of a bad habit, the Financial Times reassures us that yet again German economic growth snatches the euro zone from the
The Inequality Puzzle
Over the past decade, income inequality has come to be ranked alongside terrorism, climate change, pandemics, and economic stagnation as one of the most urgent
Here Is Why Brexiters Are Completely Wrong On Trade
The fight for the UK to remain a member of the European Union is now fully on. The country will have a momentous decision to
Europe Should Tighten Monetary Policy And Ease Fiscally
Mario Draghi and Wolfgang Schäuble are experienced people who know the euro bloc is in an impasse. The European Central Bank president and Germany’s finance
Inequality: The Structural Aspects
Despite the unprecedented attention that income and wealth inequality has received in this year’s presidential campaign in the United States and in several recent elections
The Italian Bad Bank: A Better Alternative
The severe financial crisis of recent years hit Eurozone industrial production; in a bank-centric currency area this resulted in tremendous growth of NPLs (non-performing loans),
Economics In The Age Of Abundance
Until very recently, one of the biggest challenges facing mankind was making sure there was enough to eat. From the dawn of agriculture until well
Migration’s Economic Positives And Negatives
I have always been a strong believer that geography determines one’s worldview (I think it is de Gaulle who is credited for saying that “history
How Much Debt Is Too Much?
Is there a “safe” debt/income ratio for households or debt/GDP ratio for governments? In both cases, the answer is yes. And in both cases, it