AND IT IS OUT!
We have had enough reports saying Europe is stagnating. Change is not possible if we do not change the way the EU works. With Bengt Holmstrom and @competitionprof , I argue the EU should focus on prosperity and stop regulating everything.
https://t.co/iZnCssIiP7
Lo que le ha sucedido a España desde 2000 es una tragedia. De ser ejemplo de democracia europea - con poderes independientes y controles anticorrupción efectivos - a un deterioro institucional único en Europa- como muestran los datos del WGI/WB.
At the height of the financial crisis Greece, Ireland, Portugal and Cyprus needed help. The international assistance came under the condition of economic adjustment. #TheECBBlog looks at how the four countries recovered since.
New Working Paper by L. Emter, R. Setzer, N. Zorell & A. S. Moura: "Monetary policy and growth-at-risk: the role of institutional quality" https://t.co/GZZlVWwy6O 1/5
📢Call for papers: Submit your work for the new Surveillance Webinar Series 2023/2024 which offers an opportunity to discuss topical themes and policy-relevant questions relating to the surveillance of euro area countries. Deadline, 30 October: https://t.co/YkvmU05FcD
The euro area has recently shown it can withstand energy price shocks, but structural weaknesses still hamper growth. Enhanced structural policies and a stronger institutional framework can help increase growth potential and overall resilience. #TheECBblog https://t.co/JRdBZJVTry
High energy prices and supply bottlenecks have led to strong inflation differentials between euro area countries. The #EconomicBulletin analyses how this has affected price competitiveness and external imbalances in the euro area https://t.co/OqLdZfVDRQ
Hit by multiple shocks, the corporate sector has increased its debt over recent years. #TheECBblog looks at how firms’ strained balance sheets could lead to lower investment in the coming years, harming innovation and growth.
Check out the latest post https://t.co/5tC8DEydg5
🧵New Working Paper: What are the effects of corporate indebtedness on investment after large economic shocks? R. Barrela, P. Lopez-Garcia and @RalphSetzer find that high debt could delay the recovery of firms’ investment in the coming years https://t.co/KYGkyuUyEE 1/4
🧵Levels of corporate debt rose during the pandemic, but effective policy responses mitigated the negative impact on euro area firms. Insolvencies have declined over the past two years as a result https://t.co/jECt5wG6Rx #EconomicBulletin
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I had the honor to co-chair the @ecb strategy review workstream on Climate Change and Monetary Policy along with @isabelsabine, Cornelia Holthausen, Francesco Drudi, and Pierre-Francois Weber. This occasional paper https://t.co/rkPvajTzZD summarizes the workstream's efforts. 1/4
This is the COOLEST. A Google Earth-type representation of the planet. Every green dot is a radio station. Click any dot to listen in. It’s like cultural teleportation. You could spend hours with this thing… https://t.co/rdEHUUfgvk