Latest posts
Is the OECD’s promise of better times ahead a credible one?
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Authors: Carlos De Sousa, Ashoka ModyThis week the OECD released its latest biannual Economic Outlook. The world GDP growth forecast for 2013 has been revised down from 3.4 percent in June 2012 to 3.1 percent. The group of 34 OECD countries is also e...
Blogs review: The economics of a regime shift
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Authors: Jérémie Cohen-SettonWhat’s at stake: For several years already (see our previous reviews on price level and nominal GDP targeting), monetary economists and historians have called for a regime change in monetary policy tha...
Germany must lead by example on fixing its banks
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Authors: Ashoka ModyCharles Kindleberger, the pre-eminent historian of financial crises, described a hegemon as a country willing to accept short-term costs for the sake of promoting international financial stability. The hegemon’s ability to a...
Europe’s Troika should grow up
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Authors: Jean Pisani-FerryIn early 2010, a group of men (and a few women) in dark suits landed in Athens. They belonged to a global institution, the International Monetary Fund, and to a pair of regional ones, the European Commission and the European...
Waging war on cartels
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Authors: Mario MarinielloOn May 14, European Commission officials seeking proof of oil price fixing raided three major oil groups. Just a few weeks before, surprise inspections were carried out at the premises of major European sugar producers. And a...
Misreading the Global Economy
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Authors: Ashoka ModyIn April 2010, the International Monetary Fund’s World Economic Outlook offered an optimistic assessment of the global economy, describing a multi-speed recovery strong enough to support roughly 4.5% annual GDP gro...
Wetten Sie nicht gegen das ETS
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Authors: Georg ZachmannFragen und Antworten von Bruegel-Forscher Georg Zachmann zur Krise des Europäischen Emissionshandelssystems Das 2005 eingeführte Europäische Emissionshandelssystem ETS ist die tragende Säule der europä...
Europa droht eine verlorene Dekade
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Authors: Zsolt DarvasBruegel-Forscher Zsolt Darvas über die schädlichen Folgen aktueller Konjunkturprobleme für das langfristige Wachstum Die Statistikbehörde Eurostat hat Mitte Mai eine vorläufige Schätzung für da...
„Es geht um das Wohl der Konsumenten“
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Authors: Mario MarinielloInterview mit Bruegel-Forscher Mario Mariniello über die EU-Wettbewerbspolitik Sie sind neu bei Bruegel - könnten Sie sich kurz vorstellen? Gern. Ich komme aus Italien und habe am European University Institute of...
Der erste große Wechsel
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Authors: Jean-Claude TrichetSehr geehrte Leserinnen und Leser, nie war die Aufgabe von Bruegel klarer und seine Stimme lauter als im vergangenen Jahr. In den zehn Jahren, die seit der Gründungserklärung von Präsident Chirac und Kanzle...
Blogs review: Dealing with an impaired monetary transmission mechanism
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Authors: Jérémie Cohen-SettonWhat’s at stake: Dealing with the fragmentation of capital markets along national borders and the resulting lack of funding for SMEs in the countries of the periphery has been a central issue for the E...
The harmful impact of short-term troubles on long-term growth
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Authors: Zsolt DarvasEurostat published yesterday the flash GDP growth estimates for the first quarter of 2013: euro-area GDP is down by 0.2% compared with the previous quarter and 1% down compared with the same quarter of last year. Even German GDP...
German wages grow faster than euro area average – Spring 2013 Review
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Authors: Hannah LichtenbergIn December 2012 we published a blog post reporting that German wage growth rates (year-over-year comparison) for 2012 had been higher than the Eurozone average, with at that time, 2.5 percent versus 1.7 percent. In the mea...
New EC spring forecasts: high uncertainty dominates outlook for Cyprus
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Authors: Adrian BosshardLast Friday the European Commission released the spring update on their economic forecasts for European Union member states and some other advanced economies (see the report here and the database here). Negative growth forecas...
The new competition rules for technology transfer agreements
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Authors: Mario Mariniello, Marco AntonielliThe European Commission has started a public discussion on the new competition rules for technology transfer agreements, ie contracts in which a licensor permits a licensee to exploit its patents, know-how o...
Has the U.S. outperformed the euro area due to inflation since 2007?
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Authors: Adrian BosshardThe nominal GDP growth differential between the U.S. and the euro area is striking: taking the latest forecasts of the European Commission into account, the U.S. outpaced the euro area by 9 percentage points in 2008-2013. Fi...
A black market in Cyprus? Lessons from Venezuela
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Authors: Carlos De SousaWherever the government builds fences the market will place stairs to climb them. On March 28th, the Cypriot government imposed capital controls as a measure to avoid bank runs and financial instability in the small euro zone...
Which way for the ECB?
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Authors: Guntram B. WolffAhead of the ECB meeting, the debate on the right course for euro area macroeconomic policies has re-emerged. An interesting new feature of the debate is about differentiating monetary policy to better cater for different con...
Who got their money out of Cyprus?
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Authors: Erkki VihriäläThe Central Bank of Cyprus released data today on the amount of deposits in Cypriot banks at the end of March. The original rescue plan, involving haircuts to uninsured deposits, was announced on the 16th of March and...
Blogs review: Bold ideas for the eurozone from economic history
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Authors: Jérémie Cohen-SettonWhat’s at stake: In this review, I present an eclectic set of proposals and analyses that have been put forward by economic historians to reform the functioning the eurozone in a big way. The first cat...
