Anniversary Conference of Intereconomics/Wirtschaftsdienst
New Growth for Europe
Berlin · 10 October 2016 · 09:30 am - 08:00 pm
The joint Intereconomics/Wirtschaftsdienst anniversary conference will seek to identify new sources for economic growth in Europe. What investments can be made now to foster future growth? What is the appropriate role for the state? Have the measures taken to combat the economic crisis opened new opportunities for European growth, or will they merely lead to further stagnation? How can Europe best exploit its economic potential? Join us as Tito Boeri, Karl Whelan, Daniel Gros, Clemens Fuest, László Andor, Erik Berglöf and many other prominent European economists discuss these important issues.
Details and registration
Annual Intereconomics/CEPS conference
Inefficient Inequality: The Economic Costs of Gender Inequality in Europe
Conference Program (PDF)
Brussels · 3 November 2016 · 09:00 am - 04:00 pm
Much attention in research is given to the existence and measurement of gender inequality, but relatively little attention is given to the costs that result from the presence of inequality. At this conference researchers, policy-makers, and business representatives will discuss the costs and inefficiencies that result from gender inequality. What are potential solutions? Which policies? At what level?
Join us and put your view forward.
Studies and conclusions will then be published in a coming issue of Intereconomics.
Details and Registration
Figure of the Month
The Ageing of the OECD
This figure from Tim Vlandas's article “The Political Effect of Ageing on Inflation” shows the rising share of the elderly in the populations of OECD countries, and provides a springboard for his fascinating thesis on how this affects monetary policy.
Click on the figure for additional information.
Letter from America
The US Presidential Candidates and the Economy
While it is sometimes difficult to remember that policy is actually relevant in the current US presidential campaign, whoever wins the vote in November will grab the reigns of the world's biggest economy for the next four years. Leonard Burman attempts to make some sense of what a Donald Trump or Hillary Clinton presidency would look like from an economic policy point of view.
The Political Effects of Ageing on Inflation
The trade-off between inflation and unemployment has long been a feature of macroeconomic dialogue. Most political economy accounts emphasise the role of ideas and institutions in determining a country's inflation rates, noting in particular that countries with independent central banks achieve lower inflation. Tim Vlandas argues that this conventional wisdom downplays the importance of interests, ignoring the significant influence that a growing electoral group – the elderly – has on inflation.
The Post-Brexit European Union
The European project has never suffered a setback like the UK’s decision to Brexit, and questions over the very future of the project must be asked in the wake of this reality in which one of the EU’s major powers has decided to opt out. While it is too soon to expect detailed studies on the full consequences of Brexit, the situation can be analysed using the data we already have: the economic and legal framework that exists between the UK and the EU. Through this lens, we can look at the possible future relationship between the two actors and perhaps better understand how they grew apart. This Forum examines Brexit from a variety of angles, ranging from London’s status as the financial centre of Europe to intra-EU migration to the very future of the European project.
Quote of the Month
What Future for the EU After Brexit?
“It is not clear, for example, whether the UK will be able to maintain free movement of services with the EU, as this freedom is intimately linked to the free movement of people. However, that is a problem for the Brits, should they choose to embrace full sovereignty.”
from Paul De Grauwe's "What Future for the EU After Brexit?"
What Future for the EU After Brexit?
While much attention has been given to the fate of Britain in the wake of Brexit, the future of the EU is more important than the decision of one country to leave. The EU faces a number of problems, and Paul De Grauwe writes that its actions in the forthcoming Brexit negotiations hold the key to the EU's future strength as a political actor. While it is tempting to allow the UK concessions on migration in order to keep this major economy within the Single Market, it is more important to hold true to the EU’s core freedoms of movement of goods, services and people.
The Impact of the Financial Crisis on the Real Economy
The cost of the financial crisis to the real economy has so far remained underexamined, probably because of the difficulty in making such an assessment. The crisis was precipitated by an unsustainable bubble that artificially inflated economic figures, so what should be used as a benchmark for measuring the effects of the crisis on the real economy? How reliable are current estimates of the output gap? Could overestimating this indicator lead to underestimating the current risk of inflation?