Within the last couple of years, OECD has made several papers about low growth in productivity and rising inequality, respectively. However, in newly published OECD rapports , the focus lies on the connection between growth in productivity and inequality.
Poverty has risen in Europe in the wake of the financial crisis, but the European countries have been affected differently and within countries different groups of people have been affected differently.
Once the new Spanish government is formed, it will be confronted by enormous challenges. An immediate issue will be the budget deficit, which is expected to be around 5.2 per cent in 2015 and 3.6 per cent in 2016.
As populations age, the ratio of old people to the young rises, putting pressure on health services and pensions. In many countries, the size of the working population has passed its peak. In others, declines in the working-age population are prevented only by the arrival of younger immigrants.
This Policy Viewpoint projects the economic impact over the next five years of the United Kingdom’s recent vote for Brexit. It is not based, however, on any agreement during this period between the EU and the UK on the latter’s terms of exit.
Europe needs a fundamental rethinking of its economic policy. The crisis in Europe has laid bare the fundament flaws of the European economic policy regime based on the Maastricht Treaty and the Stability and Growth Pact.
Many critics of active labor market policies in Denmark argue that the educational programs within active labour market policies (ALMP) do not work. Study results, however, show that if educational programs aim towards specific job types, they have a positive effect on employment.
Active labor market policies (ALMP) do not only play an important role in getting unemployed quickly back into work. High spending on active labor market policies and low inequality also go hand in hand.
This policy brief measures the decreases of the Europeans' living standards an indicator of poverty. Instead of looking at income, the severe material deprivation rate shows how individuals experience inadequate access to basic amenities.
The eurozone is once more on the brink of deflation. As of September, the official estimate of annual price inflation was -0.1 per cent. Inflation has declined steadily from a peak of around three per cent in late 2011.
By the end of September 2015, the European Commission launched its Action Plan for a European Capital Markets Union (CMU). By European standards, this ‘most significant EU proposal for the last 10 years’ has proceeded at rapid pace under the leadership of the British Commissioner Lord Hill.
Germany was for a lot of years considered the sick man of Europe with chronic low growth, high unemployment, a substantial public deficit and rising debt. But the German economy has taking a turn for the better the last decade.
By the end of July, the European Commission proposed to present its roadmap on the initiative replacing the Maternity Leave Directive proposal. This roadmap is supposed to set out ideas towards a broader initiative. But will this go beyond the mere exchange and promotion of best practices?
It is often assumed that comprehensive international cooperation is essential to tackling climate change. But the greatest barriers to avoiding dangerous climate change can be found at home, within individual countries. International cooperation needs to adapt to this reality.
Ozlem Onaran, Professor of Workforce and Economic Development Policy, University of Greenwich (UK) and Thomas Obst, PhD Candidate, University of Greenwich (UK) analyse the role of wage moderation policies promoved by Europe 2020.
Andrew Campbell, Professor from University of Leeds, and Paula Moffat, Principal Lecturer from Nottingham Law School analyse the ring-fencing of certain bank activities to protect consumers by reducing the level of risk.
Exclusive focus of the Juncker’s Plan on physical infrastructure spending and investment in male-dominated industries will further undermine progress towards gender equality, in terms of pay and conditions as well as employment opportunities for women.
Policy Viewpoint n4 2015
Stephanny Griffith-Jones and Inge Kaul highlight in this Policy Viewpoint the urgent need to reach a solution of the Greek debt problem that is effective and beneficial for Greece, its Eurozone creditors, as well as for the whole European and global economy.
The potential for a SYRIZA-led government has led many commentators to argue that this will mean a turn in Greek politics resulting to the transformation of Greece into communism. Various things may happen but any essential transformation is out of the question. Policy Viewpoint n.2 - 2015
In the short electoral period SYRIZA (acronym for the Coalition of the Radical Left) is steadily leading the opinion polls by a comfortable margin of 4%. This has caused a great deal of concern to the European leaders, as well as to the financial markets. Policy Viewpoint n.1-2015
This EPV highlights two promising paths to use limited public resources to finance the 300 billion investment plan proposed by Juncker. Further, this brief argues that when the investment plan is accompanied by a more expansionary fiscal stance it could generate up to 5 million jobs across Europe
Giovanni Cozzi calls into question the old rhetoric that free trade is a win-win proposition regarding the TTIP. He claims negotiations focused on public interest and the protection of fundamental rights instead of putting the interests of corporations first.
In this economic Policy Viewpoint Erik Bjørsted, Chief Economist at AE-ECLM, focuses on the 5 million of EU citizens that, according to Eurostat in 2013, did not search actively for a job maily because they thought that not job was available.
Jo Michell explains in Economic Policy Viewpoint n.5 (July 2014) the real impact of the crisis on youth unemployment by figures and remarks that austerity policies have left a legacy of unemployment, job insecurity and fear.
This Economic Policy Viewpoint, by Giovanni Cozzi and Stephany Griffith-Jones, focus on the authors' specific proposal for how an additional expansion of EIB capital and lending, accompanied by new instruments, can lead to a major boost in investment in the EU.
This Economic Policy viewpoint by Erik BJ Orsted focus on the dramatic increase of Youth Unemployment caused by the economic crisis and proposes some iniciatives to tackle this phenomenon at national and European level.
This Economic Policy Viewpoint by Dr. Jo Michell (Lecturer in Economics, University of the West of England) examines the sources of demand underlying the economic recovery in the UK. It shows that the upturn in GDP is the result of a resurgence in the expansion of credit to households.