The coming revolt against austerity
Long Title: The coming revolt against austerity Teaser: Mindless austerity is losing policy credibility in some Eurozone nations. This column suggests governments shouldn’t mix long-term growth and...
View ArticleThe European debate on bank capital is not just about Europe
Long Title: The European debate on bank capital is not just about Europe Teaser: Europe’s finance ministers are currently deciding on the legislation intended to implement the Basel III international...
View ArticleThe EU’s implementation of Basel III: A deeply flawed compromise
Long Title: The EU’s implementation of Basel III: A deeply flawed compromise Teaser: Europe’s banks are in bad shape. Slowing growth and rising capital adequacy ratios would stretch any bank. Doubts...
View ArticleEurope’s pre-Eurozone debt crisis: Faroe Islands in the 1990s
Long Title: The first sovereign debt crisis in the EU Teaser: The current EZ crisis is not Europe’s first sovereign-debt crisis. This column shows parallels can be drawn from an all-but-forgotten...
View ArticleThe doomsday cycle turns: Who’s next?
Long Title: The doomsday cycle turns: Who’s next? Teaser: Industrialised countries today face serious risks – for their financial sectors, for their public finances, and for their growth prospects....
View ArticleFrom the internal market to a banking union: A proposal by the German Council...
Long Title: From the internal market to a banking union: A proposal by the German Council of Economic Experts Teaser: The sovereign debt crisis has revealed severe flaws in the EU internal market....
View ArticleEurozone in recession since 3rd quarter 2011
Teaser: Philippe Weil, newly appointed Chair of CEPR’s Euro Area Business Cycle Dating Committee, talks to Viv Davies about the Committee’s recent announcement of a peak in economic activity in the...
View ArticlePanic-driven austerity in the Eurozone and its implications
Long Title: Panic-driven austerity in the Eurozone and its implications Teaser: Eurozone policy seems driven by market sentiment. This column argues that fear and panic led to excessive, and possibly...
View ArticleEZ banking union with a sovereign virus
Long Title: EZ banking union with a sovereign virus Teaser: The doom-loop between banks and the national governments played a dominant role in the Eurozone crisis for Ireland and Cyprus. A Eurozone...
View ArticlePutting the ‘system’ in the international monetary system
Long Title: Putting the ‘system’ in the international monetary system Teaser: The Eurozone has been going through an existential crisis since 2010. The column discusses research that draws an analogy...
View ArticleThe impact of sovereign-debt exposure on bank lending: Evidence from the...
Long Title: The impact of sovereign-debt exposure on bank lending: Evidence from the European debt crisis Teaser: The European sovereign-debt crisis has raised many questions regarding the link...
View ArticleCurrency wars and the euro
Long Title: Currency wars and the euro Teaser: Having promised to do ‘whatever it takes’ to ensure the survival of the euro, the ECB now faces the problem of record high unemployment combined with a...
View ArticleDebt crises forewarned: Stochastics matter
Long Title: An early-warning indicator for debt sustainability Teaser: The sustainability of government debt cannot be determined with certainty. This column presents an early warning indicator to...
View ArticleThe euro and price convergence
Long Title: The euro and price convergence: You wanted it … you got it! Teaser: During the recent turmoil in the Eurozone, little attention has been paid to one of the euro’s founding objectives –...
View ArticleLabour mobility in Europe and the US
Long Title: Moving closer? Changing patterns of labour mobility in Europe and the US Teaser: Labour mobility is one of the keys to a successful currency union – be it within or across nations. This...
View ArticleThe Eurozone: If only it were the 1930s
Long Title: The Eurozone: If only it were the 1930s Teaser: This column argues that the legacy of public debt resulting from the crisis in the Eurozone is a serious threat. Both the size of the...
View ArticleAn economic theory model for amending the Treaty of Lisbon
Long Title: Joint liability in international lending: A proposal for amending the Treaty of Lisbon Teaser: The Eurozone crisis exposed weaknesses in the Eurozone’s design. This column – by Nobelist...
View ArticleThe ghost of Deauville
Long Title: The ghost of Deauville Teaser: On 19 October 2010, Angela Merkel and Nicolas Sarkozy agreed that in future, sovereign bailouts from the European Stability Mechanism would require that...
View ArticleA consistent trinity for the Eurozone
Long Title: A consistent trinity for the Eurozone Teaser: Though in the past two years substantial progress has been made in completing the structure of Europe’s Economic and Monetary Union, not all...
View ArticleWhy fiscal sustainability matters
Long Title: Why fiscal sustainability matters Teaser: Fiscal sustainability has become a hot topic as a result of the European sovereign debt crisis, but it matters in normal times, too. This column...
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