This report outlines the outcomes of the 7-8 November 2013 conference in Modena. The event was the second in a series of events aimed at sharing different ideas and perspectives on a key policy issue – what can stimulate sustained growth in economies that cannot simply add more capital or import technologies developed abroad?
This eBook is the first of a series entitled Vox As It Happened, created to record the
progress of thought as key economic events unfolded. It collects some of the best Vox
columns on financial and banking regulation, covering a wide range of topics from the
fundamentals of regulation to bank capital and the broader concerns of potential policy
The €-coin indicator gained for the third straight month in February, rising from 0.16 to 0.23.
The rise was due in part to the moderate expansion of economic activity registered in the fourth quarter of last year and in part to a broad-based improvement in household and business confidence.
Two projects led by CEPR researchers were successful in obtaining grants from the Fondation this year. The successful projects are ‘Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades’, led by CEPR Research Fellow Miguel Ferreira and Manuel Adelino, and ‘Central Bank Communication and Inflation Expectations’, led by CEPR Research Affiliate Michael McMahon.
Youth unemployment has been Europe’s most sensationalised symptom of the Global Recession. It has left the economy with no place for the restless young. But the problem is endemic in Europe – it goes back much further than 2008. Policymakers have prescribed many solutions, none of which has made systemic corrections, not least because of the heterogeneity of the characteristics and policy choices of European economies.
This eBook reviews the policy lessons from recent experiences with the aim of (i) improving the transition from school to work; (ii) fostering the creation of more jobs for young people; and (iii) increasing the wellbeing of youths overall. To do so, it focuses on specific country experiences, ranging from those that have been successful in respect to the above aims to others that have performed much worse. The eBook also looks at the prospects for the recently proposed Youth Guarantee as a new ‘Marshall Plan’ from the European Commission regarding a global solution to youth joblessness.
CEPR, together with Assonime, have set up a new network and started a major research programme aimed at identifying the causes of the investment dearth in Europe. The research involves a broad ranging examination of the financing of the European corporate sector and seeks to distinguish between supply-side and demand-side factors and between cyclical and structural determinants.
Edited by Andrew E. Clark and Claudia Senik, the book compiles contributions by the some of the best-known researchers in happiness economics and development economics, including Richard Easterlin, who gave his name to the 'Easterlin paradox' that GDP growth does not improve happiness over the long run.