Found 24 article(s) for author 'EU'

Europe in ‘more trouble’ than the U.S. 10 years after great recession

Europe in ‘more trouble’ than the U.S. 10 years after great recession. Andrei Shleifer, December 4, 2018, Video, “There are signs of fragility in the economy, but Harvard Professor Andrei Shleifer the U.S. is better off today than it was in 2008. He spoke with Yahoo Finance’s Alexis Christoforous about his new book, ‘A Crisis of Beliefs: Investor Psychology and Financial Fragility’Link

 

 

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Famed Harvard economist warns of Brexit spillover from clash

Famed Harvard economist warns of Brexit spillover from clash. Martin Feldstein, November 15, 2018, Video, “The resignations of some members of British Prime Minister Theresa May’s government Opens a New Window. and calls Thursday for a no-confidence vote over a proposed Brexit deal hammered the British pound and European stock markets.Link

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UK Competitiveness after Brexit

UK Competitiveness after Brexit. Christian Ketels, Michael Porter, 2018, Paper, “On June 23rd, 2016 52% of UK voters opted to put their country on the path to leave the European Union by March 29, 2019. This result was a surprise to many, and went against the advice of the vast majority of economic experts and business leaders. Two years later, and after a remarkable period in UK politics, key questions about the future relationship between the UK and the EU remain unresolved. Various models have been proposed; the latest one by Prime Minister May triggered the resignation of a number of key ministers. All of them struggle to deal with a fundamental tension: how to square barrier-free trade between the UK and the EU, especially across the border between Ireland and Northern Ireland, with both full policy sovereignty for the UK and adherence to the ‘four freedoms’ at the heart of the EUs Single Market. A ‘no deal’ Brexit by default remains an option, despite the costs to UK businesses and the wider UK economy.Link

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Understanding Brexit: Cultural Resentment versus Economic Grievances

Understanding Brexit: Cultural Resentment versus Economic Grievances. Pippa Norris, 2018, Paper, “This study considers the evidence for ‘demand-side’ theories seeking to explain the outcome of the Brexit referendum and subsequent divisions in UK politics. Economic theories suggest that the Leave decision was driven mainly by the ‘left-behinds’ in jobs or wages, such as those living in struggling communities in the North of England, the Midlands, and Wales. By contrast cultural accounts emphasize political attitudes and values, including long-term British suspicion about the European Union project, public disgust with the political class at Westminster, anxiety about the effects of the refugee crisis and migration from other EU countries, and opposition to the government’s austerity cuts. These theories can also be regarded as complimentary rather than rivals, for example if economic deprivation catalyzed resentment about immigrants and the rejection of open borders.Link

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How Democratic Is the Euro?

How Democratic Is the Euro? Dani Rodrik, June 11, 2018, Opinion, “If the European Union is to remain viable and democratic at the same time, policymakers will have to pay closer attention to the demanding requirements of delegating decisions to unelected bodies. They should promote such a delegation of sovereignty only when it truly enhances the long-term performance of their democracies.Link

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Italy’s Long, Hot Summer

Italy’s Long, Hot Summer. Carmen Reinhart, May 31, 2018, Opinion, “Severe political uncertainty, chronic slow growth, and a sovereign-debt level currently hovering around 160% of GDP already is enough for Italy to trigger a debt crisis. And there is no plausible resolution that would not generate additional risks and complications.Link

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Monetary-Policy Normalization in Europe in 2018

Monetary-Policy Normalization in Europe in 2018. Carmen Reinhart, December 22, 2017, Opinion, “As the European Central Bank pursues monetary-policy normalization in 2018, it should proceed with caution. It will need to balance mounting pressure from Germany for faster normalization with a realistic assessment of the durability and breadth of the unfolding recovery.Link

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Does Europe Really Need Fiscal and Political Union?

Does Europe Really Need Fiscal and Political Union? Dani Rodrik, December 11, 2017, Opinion, “There is a growing sense in Europe, among conservatives and progressives alike, that fiscal and eventual political union is necessary to maintain the euro without damaging economic performance or democratic values. But there is also an alternative, much less ambitious view, according to which only banking union is needed.Link

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Europe’s Economic Dilemma

Europe’s Economic Dilemma. Martin Feldstein, October 30, 2017, Opinion, “The European Central Bank deserves credit for the economic improvements that have occurred in the past few years. But the ECB’s policies also mean that the eurozone has no ammunition left to fight the next recession, because interest rates cannot be reduced further and fiscal policy remains in the hands of national governments.” Link

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