Found 27 article(s) for author 'EU'

Christine Lagarde enters the European Central Bank at a perilous moment

Christine Lagarde enters the European Central Bank at a perilous moment. Lawrence Summers, July 9, 2019, Opinion, “The announcement last week that Christine Lagarde would be leaving her post as managing director of the International Monetary Fund to become president of the European Central Bank marks what may be the most important change in the leadership of the international financial system in decades. At a time when the United States is abdicating its systemic responsibilities and focusing only on narrow commercial interests, the role Lagarde is leaving and the one she is entering are of preeminent importance.Link

 

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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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Global and Regional Productivity and Economic Growth: The Fifth World KLEMS Conference

Global and Regional Productivity and Economic Growth: The Fifth World KLEMS Conference. Dale Jorgenson, June 2018, Paper, “This issue of the International Productivity Monitor includes a selection of papers presented at the Fifth World KLEMS Conference, held at the Kennedy School of Government, Harvard University, on June 4-5, 2018.2 The World KLEMS Initiative was established at Harvard at the First World KLEMS Conference, held at the Kennedy School of Government in 2010.3 Five World KLEMS Conferences have discussed data on capital (K) and labour (L) services, as well as inputs and outputs of energy (E), materials (M), and services (S) for more than forty countries. These have been grouped into three major regions— EU (European Union) KLEMS, LA (Latin America) KLEMS, and Asia KLEMS.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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