
Germany’s Debt Brake Is Not A Model For Europe
My IMK colleagues Christoph Paetz, Katja Rietzler and Achim Truger have just issued an important analysis of experience with the German Schuldenbremse (debt brake) since 2011. If you read
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My IMK colleagues Christoph Paetz, Katja Rietzler and Achim Truger have just issued an important analysis of experience with the German Schuldenbremse (debt brake) since 2011. If you read
Joseph Stiglitz, American economist and winner of the Nobel Prize in Economics, has come out with a new book, The Euro: How a Common Currency Threatens
Joe Stiglitz, thank you very much for joining us today. Let’s dive in right at the deep end. People might be forgiven for not following
It is widely agreed that globalisation has brought immense benefits. But it is also recognised that these benefits are not equally distributed. Last week’s Apple
The UK (and maybe the world) faces severe and worsening economic conditions due to Brexit. Many commentators do not seem to understand that there are
International conflicts are inevitable when governments challenge the excesses of multinational corporations. Emotions are running high after the EU commission ordered the Irish government to claw
Economic globalisation has accelerated enormously. With the advances in information technology and international trade policies, it now permeates almost every sector of the economy as
The Ventotene summit among Prime Minister Renzi, Chancellor Merkel and President Hollande took place recently. Crucial issues were on the agenda: the geo-political conflicts at
Most people are more worried by government debt than about taxation. “But it’s trillions” a friend of mine recently expostulated about the United Kingdom’s national debt. He
The process of globalization is in retreat. The latest victim of the global economic slowdown is international trade: after tumultuous growth in the last 26
The Berkeley economist Barry Eichengreen recently gave a talk in Lisbon about inequality that demonstrated one of the virtues of being a scholar of economic history. Eichengreen, like me,
As the world reels from the Brexit shock, it is dawning on economists and policymakers that they severely underestimated the political fragility of the current
It is clear after the Brexit vote and Donald Trump’s victory in the Republican presidential primaries that voters are revolting against the relatively open economic policies that
In economic policy, timing isn’t everything, it’s the only thing. The euro zone crisis has been evolving for over seven years, making it difficult to
Britain isn’t the only country holding a referendum this month. On June 5, Swiss voters overwhelmingly rejected, by 77% to 23%, the proposition that every