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A New Economic Paradigm

06.06.2018

The May/June issue of Intereconomics is dedicated to the search for a new economic paradigm following the failures of the old model. In a special extended Forum, leading economists explore new approaches to topics including financial markets, inequality, fiscal policy, global trade and environmental regulation. Elsewhere in the journal, articles assess the ECB’s monetary policy from multiple perspectives, and the impact of low interest rates on investment behaviour is analysed. The authors of this issue’s Letter from America advocate a federal job guarantee to eliminate unemployment in the US.

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Solving the European Productivity Puzzle

05.04.2018

The March/April issue of Intereconomics covers a wide range of topics that vary from the future of global trade to the concept of a circular economy. In this issue’s Forum, our authors analyse the causes of the pronounced slowdown in productivity growth in Europe since the Great Recession and suggest instruments for reviving European productivity growth. Elsewhere, our Editorial looks at the challenge presented by the US to the global trading system, and our Letter from America addresses the lingering pay gap between men and women in the US.

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Nudging in Public Policy: Application, Opportunities and Challenges

31.01.2018

The January/February issue of Intereconomics features a Forum on the impact of behavioural economics on public policy. Inspired by Richard Thaler’s Nobel prize last autumn, the Forum examines the policy opportunities presented by nudging and similar behavioural methods, as well as the challenges and potential downsides. One highlight is an article by Cass Sunstein, Thaler’s frequent co-author, and Lucia Reisch, who look into people’s acceptance of government nudges – do they resent being manipulated? Or do they find nudges more acceptable than outright bans and policy prescriptions? This issue’s Editorial, by Pierre Moscovici, and Letter from America, by Barry Eichengreen, both look at renewed EU optimism and assess whether it is warranted. Finally, the issue also features interesting articles on helicopter money, the winners of trade wars, the sustainability of eurozone debt and European fiscal coordination.

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Regulating the Platform Economy: How to Protect Workers While Promoting Innovation

05.12.2017

The November/December issue of Intereconomics is filled with papers on timely topics, highlighted by a Forum examining the impact of Uber, Airbnb and the platform economy as a whole. Will the rise of these platforms lead to a digitally assisted consumer paradise, or is a workers' dystopia the more likely consequence? Can regulation be crafted that will reap the potential benefits without harming workers? This issue also features articles that explore whether Germany's Hartz IV reforms are a model that can be used to reduce unemployment throughout Europe, whether Bitcoin and other cryptocurrencies represent the future, whether Trump's provocations on trade represent actual US policy and finally whether the EU-Japan trade agreement can be a model for future agreements. Our Editorial offers a big-picture look at the independence movement in Catalonia, and the Letter from America discusses municipal corporate incentives in light of Amazon's search for a second headquarters.

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Integration of Immigrants in European Labour Markets

06.10.2017

The September/October Intereconomics issue features a special Forum of papers on the integration of migrants into European labour markets. Research on this topic has grown over decades of migration waves, and our authors use this history to inform their studies on the current state of affairs. Our Editorial discusses the chill that Brexit has cast on the freedom of movement throughout the European Union, perhaps the key issue that led to the UK's vote to leave. Elsewhere, this issue's diverse articles cover the possibility of euro area sovereign-backed securities, a theoretical discussion on the political limits of economic integration and the explanations for why the adjustment programmes failed to truly help Greece out of the crisis. Finally, this issue's Letter from America looks at the economic crisis of the beleaguered island of Puerto Rico.

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The European Digital Single Market

09.08.2017

In the July/August issue of Intereconomics, ten economists debate the achievements and shortcomings of the Digital Single Market strategy in our Forum. This issue's Letter from America looks at the battle over health care in the US, while the Editorial assesses the prospect that Macron's electoral victory will lead to a renewal of European momentum. Elsewhere, this issue's diverse range of articles cover national money creation in EMU countries, growth forecasts for China, European subsidiarity and a new perspective on business cycle synchronisation in the eurozone.

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A Fiscal Stabilisation Function for the Eurozone

02.06.2017

The May/June Intereconomics issue features a Forum based on presentations at our recent conference, 'A Fiscal Stabilisation Function for the Eurozone'. While debate over such a function has ebbed and flowed for decades, our authors roundly agree that the time has come for it to become a reality in some form. Our Editorial analyses recent statements from the European Commission that seem to legitimise the idea of a multispeed Europe, where subgroups of member states are allowed to further integrate without the consent of the entire EU. Elsewhere, this issue's diverse range of articles cover gender inequality, autonomous driving and even the effect of macroeconomic performance on happiness. Finally, our Letter from America looks at the rights of the American worker in the age of Trump.

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Universal Basic Income: The Promise vs the Practicalities

31.03.2017

The March/April Intereconomics issue explores the controversial concept of a universal basic income (UBI). While some economists claim it is the only viable path forward for modern states, others assert that the UBI path only leads to state bankruptcy and strong work disincentives. Our Editorial sees glimmers of hope for Greece if the IMF and eurozone creditors can conclude the second review of the economic adjustment programme. Taking a look at such matters from the other side, an IMF researcher describes recent shifts in the Fund’s economic philosophy. Additional articles cover Brexit and trade, systemically important financial institutions, and income inequality. This issue's Letter from America examines the conflicting signals sent by the Trump administration regarding the strength of the US dollar.

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