Tag Archives: Voxeu

Is the Federal Reserve Breeding the Next Financial Crisis?

by Ambrogio Cesa-Bianchi and Alessandro Rebucci This article was originally published in Voxeu.org Many economists think that the US Federal Reserve’s loose monetary stance in the 2000′s fueled the US housing bubble. Is the Fed thus responsible for the Global … Continue reading

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European Banking Union Proposal

The sovereign debt crisis has revealed severe flaws in the EU internal market. Common monetary policy has not been accompanied by the transfer of authority to supervise banks and risks of banks and states have become dangerously intertwined. This column summarises the proposal of the German Council of Economic Experts for a full banking union which aim at correcting these deficits. Continue reading

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Jobless Recoveries and the Disappearance of Routine Occupations

The US economy is recovering. But what explains the stubborn malaise in its labour market? This column argues that future recovery from recession will likely be jobless because technological advances and mechanisation now enable troubled firms to shed middle-income jobs in favour of machines and automation. If these jobs are not recouped during subsequent economic recovery, future recoveries may well remain jobless. Continue reading

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Germany: Follow China

by Kamil Yilmaz, Voxeu Germany’s fiscal response to the crisis was timid compared with those of China and the US. This column uses business-cycle connectedness indices to show that Germany should follow in the footsteps of China and increase its … Continue reading

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Bankruptcy Costs Affect America’s Debt Crisis

by Guest Author Jialan Wang, Voxeu In 2005, the US Bankruptcy Abuse Prevention and Consumer Protection Act raised the costs to households of filing for bankruptcy by 60%. While the law was designed to prevent abuse by wealthy debtors, this … Continue reading

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Austerity: How is as Important as How Much

by Alberto Alesina and Francesco Giavazzi, Voxeu Europe’s embrace of austerity has sparked a debate among economists. This column argues that the debate has gone astray. Until the critical principle – ‘how’ is as important as ‘how much’ – is … Continue reading

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The Big Question: Has Austerity Gone Too Far?

by Giancarlo Corsetti, Voxeu Is austerity self-defeating? Is it keeping Europeans underemployed for years and destroying the very growth needed to pay off the debt? Or is it steering nations clear of Greek-like tragedies? So starts a new debate on … Continue reading

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