Brexit And The Status Quo Ex-Ante
Where we are At the end of August Britain’s Labour Party formally announced its policy towards future relations with the European Union. The policy document
How Bad Will Brexit Really Be For The UK?
The great majority of the economic forecasts have concluded that Brexit will damage the UK economy. In the case of ‘no deal’ between the UK
Who Wants to Deregulate Finance?
Since a revolving door was installed at the entrance to the West Wing of the White House, it has been difficult to keep track of
The Promise Of Fiscal Money
Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale
Four Lessons For Europe From Italy’s Experience With Populism
Over the past two decades, Italy has been one of the strongest and most enduring markets for populist parties in Western Europe. While in other
To Build Europe We Need Citizen Lobbyists
While public sentiment about the European project has rebounded, Europeans remain largely dissatisfied with whether their voices and concerns count in Brussels. Despite recurrent calls
Strong Euro Is Here To Stay
The euro rally on FX markets really begins to look interesting now: 1.2 on the Dollar, a level never experienced since January 2015, just before
Activation Into In-Work Poverty?
A job is the best way out of poverty. This is a widely held belief among European policy-makers. Therefore, labour market reforms in European countries
Is It Time To Take Away The Carbon Punch Bowl?
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank
Brexit Follies
The British public is coming to realise as the Brexit negotiations unfold that the entire referendum campaign was misleading. It was a deliberate attempt by
The Rise Of Right-Wing Authoritarianism In The Era Of Global Shift
It would be a serious error to interpret the authoritarian drive in Turkey through a cultural/civilizational lens: it is not an extreme move by a
2008: The Year East-West Wage Convergence Came To A Standstill
The crisis has put an end to wage convergence of the poorer Central and Eastern European new EU member states (EU-11, being: Czechia, Estonia, Hungary,
The Euro Area’s Future: Rigorous Reforms – And More Solidarity
Right at its 60th anniversary, the European Project is facing real challenges. The most obvious, perhaps, is the decision of the British people to leave
The New Socialism Of Fools
According to mainstream economic theory, globalization tends to “lift all boats,” and has little effect on the broad distribution of incomes. But “globalization” is not
The Future Of Work And The Social Welfare State’s Survival
Europe, like the United States, has seen dramatic changes in how people work. Compared to 15 years ago, many more people have part-time, temp or mini-jobs,
Why Do Cities Become Unaffordable?
Inequality is usually measured by comparing incomes across households within a country. But there is also a different kind of inequality: in the affordability of
Macron And The EU Financial Transaction Tax
What do I care about my chitchat of yesterday? The famous statement of German Chancellor Konrad Adenauer could well have been repeated by French President