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Economy

Budging beyond Brexit

By Roger Liddle / 12 January, 2021

For half a century I have campaigned for a united Europe with Britain playing a full role. The Trade and Cooperation Agreement (TCA) that was approved by the British Parliament on 30 December heralded, for me, a very bad and very very painful day. The TCA finalises Britain’s divorce from...

What digital future for what Social Democracy?

By Evgeny Morozov / 4 September, 2020

Nothing reveals the existential crisis of the Social Democratic model quite like its inability to get a grip on today’s digital society. To reinvigorate itself and society, Social Democracy must embrace a new ambitious project that would not only reveal the true costs and vulnerabilities of neoliberal empowerment (where global...

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It’s time for a European market for values!

By Marco Senatore / 24 January, 2019

A European Market for Values may be a viable option to connect individuals, firms and local communities in Europe. It would make it possible to share best practices and, more in general, choose and foster moral, organisational and cultural values.   In the current juncture, the European project can only...

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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...

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Normalisation of the ECB’s monetary policy is timely

By Peter Bofinger / 11 January, 2019

The European Central Bank (ECB) is due to end its Quantitative Easing (QE) programme at the end of the year. The step has been announced for a long time; it should not lead to instability. If major problems emerge, however, the ECB could follow the Bank of Japan’s yield curve...

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Belts, roads and regions: mapping imaginations

By C. Cindy Fan / 18 June, 2018

Spatial representations such as maps are instrumental to understanding and interpreting China’s policies. Official maps are available for some policies, while researchers and observers have also created their own spatial representations of policies. Either way, spatial visualisations help to translate policies into potential impacts on people and places and to...

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

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

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....

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