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Economics

The End of ECB’s Quantitative Easing - what next?.jpg

The End of ECB’s Quantitative Easing – what next?

By Alberto Botta / 11 January, 2019

Since 2015, the macroeconomy of the eurozone has been influenced by the implementation of Quantitative Easing by the European Central Bank. In December 2018, the ECB’s QE is coming to an end, but concerns remain about eurozone recovery from the crisis and the increasing divergence among eurozone countries. Who is...

Germany and the euro – what’s next?

By Gustav Horn / 12 February, 2018

At first glance, the German economy appears to be in excellent condition. But a second look reveals hairline cracks in the economic structure, the economic and political consequences of which are as yet hard to predict. This is apparent not least from the emergence of nationalist-populist political ideas whose economic...

Cross-business and intra-business wage inequality in Europe.jpg

Cross-business and intra-business wage inequality in Europe

By Claire Courteille-Mulder / 10 November, 2017

Since the 2008 crisis, wage growth around the world has largely been driven by growth in emerging countries. This has slowed recently, but has accelerated once more in developed countries. The International Labor Organisation’s World Report on Wages 2016/2017 confirms this.   A globalised economy requires a coordinated approach to...

Europe needs a coordinated mix of fiscal and wage policies.jpg

Europe needs a coordinated mix of fiscal and wage policies

By Ozlem Onaran / 10 November, 2017

Austerity policies coupled with rising inequality in Europe have resulted in a long period of economic stagnation. To end the vicious circle of chronically low demand, a slowdown in investment and productivity and economic, social and political instability we need coordinated action to develop sound fiscal and wage policies in...

The EU: A ‘holding environment’ for social investment reform?

By Anton Hemerijck / 8 November, 2017

For national politicians wishing to break away from the failed ‘e-client market hypothesis’, investment in social policy positively re-legitimises the role of the state in the (mixed) economy, drives up standards in family policy, education, and employment services and embeds all of this in a policy agenda of inclusive growth....

How the financial industry mobilised against the European Financial Transaction Tax

By Lisa Kastner / 22 May, 2017

Despite broad post-crisis support in Europe for a financial transaction tax, the financial industry successfully lobbied to water down proposals and delay its implementation. 2017 should be the year when the much-delayed and watered down European Financial Transaction Tax (FTT) is finally implemented – but this is looking increasingly unlikely....

Higher growth, equity and solidarity to relaunch the European project

By Paolo Guerrieri / 5 April, 2017

This text is based on thoughts presented by Paolo Guerrieri at the FEPS conference “Looking for a different Europe. Reflections and perspectives” on 21st March 2017    Growth, equity and solidarity should be the three pillars on which to build the future of the European union. Over many past decades, the...

Progressive policies for EU growth and equity

By Stephany Griffith-Jones / 27 March, 2017

This text is based on thoughts presented by Stephany Griffith-Jones at the FEPS conference “Looking for a different Europe. Reflections and perspectives” on 21st March 2017  An important, though not the only, cause for the rise of extreme right-wing parties is very weak recovery from the Eurozone debt crisis; recent evolution...

From crisis to cohesion, restoring growth in Southern Europe

By Michael Dauderstädt / 22 March, 2017

Weak growth in the euro area has been primarily caused by the crisis in Southern Europe, where, since 2009, gross domestic product (GDP) has fallen in Greece, Spain and Portugal and grown only minimally in Italy. New growth and cohesion require different national strategies and European policies and institutions. Contrary...

Inequality, wealth, and capital

By Joseph Stiglitz / 30 January, 2014

Inequality has become one of the major debating points among economists—not a surprise given the large increase in inequality over the past 35 years. What are the reasons that the rich are getting richer and what impact does this have on the rest of society? What can we do about...