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Newsletter – Volume 51,
March/April 2016

The March/April 2016 issue of Intereconomics delves deep into the big current debates in European economic policy, both broad and narrow. Our editorial puts a narrow focus on the economic ramifications should the UK choose to opt out of the European Union in its forthcoming referendum, while our Forum brings together a diverse range of opinion and analysis on the more abstract, yet still timely, concepts of wealth and income inequality. As well as these two topics, the current issue also includes new research on the Italian labour market, European energy policy, foreign direct investment in Central & Eastern Europe, as well as a structural critique of the EU Budget. Our Letter From America attempts to discover what policy recommendations can be dreamt up should both the right and left sides of the U.S. political spectrum work together to tackle big issues.

We invite you to visit the special Intereconomics anniversary website, where you can see how the journal has evolved over the years and the people that have made the journal what it is today.

Please follow us on Twitter at @intereconomics_ for updates, events and interesting economic findings.


Featured Topic

Wealth and Income Inequality in Europe

While it has long been apparent that global levels of wealth and income inequality have been steadily increasing since the 1970s, the issue received scant attention in Europe until the recent financial crisis and the resulting Great Recession illuminated for the general public just how great the chasm between the very rich and everybody else had grown. This realisation was coupled with an increased focus on inequality among economists and other academics, leading to a fresh drive for policy ideas to remedy the alarming trend. This Forum comprises a diverse range of viewpoints on the recent history and dynamics of inequality within Europe, each striving to define the root causes in the various countries being examined.

50th Anniversary Website

Explore Our Archives

To commemorate the journal’s 50th anniversary, Intereconomics has opened its archives and created a new website that looks back on the major economic topics covered in its pages over the last half century. We invite you to peruse a selection of notable articles – on topics ranging from the collapse of Bretton Woods to the debate over whether the European Economic Community should adopt a common currency, and from the end of communism to the post-crisis turn to austerity policies. These articles shine a light on the prevailing economic thought as major events unfolded.

Additional Highlights from the Current Issue

The Economics of a Brexit

Michael Emerson (Centre for European Policy Studies) argues that it is time to clarify the consequences of the UK’s seemingly simple choice: in or out. In case of a vote for secession, the EU could be expected to play a tough game in negotiations and would be in no hurry to end the uncertainty. EU member states would be tempted by the opportunity to gain advantages in commercial competition over the UK’s current economic strengths. Furthermore, the UK would face years of strategic uncertainty as the negotiations dragged on.

The Engines of Inequality

In Europe and in the United States, one of the legacies of the economic and financial crisis will no doubt be a high and particularly worrying level of economic inequality. In this Forum article, Maurizio Franzini (Sapienza University of Rome) and Mario Pianta (Università di Urbino) argue that while inequality has roots that go well beyond the 2008 collapse, the stagnation that has followed it has made disparities in income and wealth more serious and more difficult to eradicate. The challenge now is to turn the injustice of current inequality into a theme of public mobilisation and political action.

A Bipartisan Plan to Reduce Poverty in the U.S.

Judging by what we see of U.S. politics from Europe, it would appear that the country is largely polarised between left and right, and that bipartisan compromise is a distant dream. However, outside of election campaigns and fiery rhetoric, there does seem to be room for compromise on solutions to key issues. Robert Doar (American Enterprise Institue) presents here an interesting result of a bipartisan think tank collaboration tasked with finding common ground for policy solutions to tackle one of the country’s biggest problems: poverty. It is argued that reducing the number of single parent families could increase the educational, behavioural and employment-related outcomes of the next generation of Americans.


Quote of the Month

Secessionists tend to argue that since the EU has a trade surplus with the UK, it would be keen to conclude a friendly free-trade deal. This is an illusion that fails to understand the likely EU response.

from Michael Emerson's Editorial The Economics of a Brexit


About Intereconomics – Review of European Economic Policy

Intereconomics is jointly produced by ZBW – Leibniz Information Centre for Economics and the Centre for European Policy Studies (CEPS). The journal appears bimonthly and features papers by economists that deal with economic and social policy issues and trends in Europe or affecting Europe. To submit a paper for publication, please visit the Submissions section of our website for relevant information.

Intereconomics is published by Springer-Verlag Berlin Heidelberg.

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Editorial Office

ZBW – Leibniz Information Centre for Economics
Neuer Jungfernstieg 21
20354 Hamburg, Germany

Phone: +49 (0)40 42834-306/307
Fax: +49 (0)40 42834-262


Centre for European Policy Studies (CEPS)
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Phone: +32 (0)2 229 39 11
Fax: +32 (0)2 219 41 51