Does population ageing reduce productivity growth?
Gonzalez-Eiras, Martin & Niepelt, Dirk. Should developed countries raise their retirement ages to combat the economic effects of their ageing populations? This column presents a model suggesting that, viewed in isolation, putting off retirement will actually reduce growth. It is only when viewed along with other policies that the benefits for growth arise. The prospect of “greying” […]
Managing Sovereign Debt and Debt Markets through a Crisis – Practical Insights and Policy Lessons
Vinals, Jose. The crisis highlighted the importance of debt management in containing debt-related risks and the associated impact on debt markets. The impact of the crisis on debt levels, and the consequent implications for fiscal consolidation, has been the subject of much discussion and analysis. However, there has been relatively less focus on the issue […]
It isn’t just the euro. Europe’s democracy itself is at stake
Sen, Amartya. Europe has led the world in the practice of democracy. It is therefore worrying that the dangers to democratic governance today, coming through the back door of financial priority, are not receiving the attention they should. There are profound issues to be faced about how Europe’s democratic governance could be undermined by the […]