Macroeconomics & the euro
Eurozone recovery: The world is not enough
04 October 2013
The eurozone is too big to rely on exports for economic growth. It needs policies suited to a large continental economy, not ones perfected by Germany.
Banking union – or Potemkin village?
27 September 2013
Since mid-2012, the eurozone crisis has been in remission. The period of relative calm which has prevailed since then has not been the product of an upturn in economic fortunes: until the recent summer uptick, the eurozone had suffered six consecutive quarters of declining activity and rising unemployment (a result in part of synchronised fiscal austerity across the region as a whole).
Issue 92 - 2013
27 September 2013
- Banking union – or Potemkin village?, Philip Whyte
- Europe cannot make up its mind about the US pivot, Rem Korteweg
- Whatever happened to the Schengen crisis?, Hugo Brady
The future of Europe's economy: Disaster or deliverance?
18 September 2013
Four leading economists give widely divergent diagnoses of the eurozone's problems and very different policy prescriptions. The EU's future could depend upon which is right.
Continuity and change in Germany's EU policy
06 September 2013
Germany's EU policy is shifting. It will seek a 'grand bargain' with France but be tougher on the Commission. Treaty change is moving off the agenda.
Issue 91 - 2013
24 July 2013
- The spectre of default stalks the eurozone, Simon Tilford
- Edward Snowden's '1984', Ian Bond
- Will the Dutch help Cameron to reform the EU?, Rem Korteweg
The spectre of default stalks the eurozone
24 July 2013
A popular narrative has taken hold across much of the eurozone. The economic situation, so the story goes, is improving, or at least bottoming out, and the necessary institutional reforms are being put in place.
Don't let England's poujadists kill London's golden goose
08 July 2013
London keeps Britain afloat. But the city's wealth is dependent on its openness to immigrants, which is threatened by the country's increasingly hysterical immigration debate.
Can national parliaments make the EU more legitimate?
10 June 2013
The euro crisis has hit the EU's legitimacy. Part of the answer is to give national parliamentarians a bigger role in the EU.
The CER commission on the UK and the single market
07 June 2013
The CER's commission was launched this week. Policy experts, economists and business people will examine the economic case for and against EU membership.
Why has the eurozone's recovery been weaker than the US's?
24 May 2013
The eurozone has experienced a much weaker economic recovery than the US since 2009. The reason is that it has made more glaring policy mistakes.
Issue 90 - 2013
24 May 2013
A dose of inflation would help the eurozone medicine go down
16 May 2013
Eurozone policy-makers are complacent about the risks of low inflation. If the euro is to survive, inflation will need to rise significantly, especially in Germany.
European austerity: Turn or TINA?
25 April 2013
Despite the overwhelming weight of evidence, both empirical and theoretical, many policy-makers will continue to trot out Margaret Thatcher's favourite line: there is no alternative.
It's the politics, stupid!
25 March 2013
Many economists have been accused of being too gloomy about the euro because they underestimate the degree of political commitment that eurozone countries have made to the euro.
Do Britain's European ties damage its prosperity?
22 March 2013
Leaving the EU would not resolve Britain's economic difficulties, which are mostly home-grown. However, it could turn Britain into a more closed economy.
Freeing the transatlantic economy – prospects, benefits and pitfalls
20 February 2013
The EU and the US would benefit from freeing up transatlantic commerce. To succeed, they must agree some rules of engagement and stick to them.
Why British prosperity is hobbled by a rigged land market
13 February 2013
The British have the least living space, highest office rents and most congested infrastructure in the EU-15. A rigged market for land is to blame.
Eurozone slump derails Britain's economic strategy
28 January 2013
The British government's drive to rebalance the UK economy has foundered on falling exports to the EU; UK exports to the rest of the world are booming.
Has the ECB done enough to save the euro?
25 January 2013
The ECB may have done enough to stop euro break-up for now, but markets are likely to test its willingness to buy government debt.