The triggers of competitiveness: The EFIGE cross-country report
Altomonte, Carlo, Aquilante, Tomasso & Ottaviano, Gianmarco. There is a pressing need for Europe to grow out of the crisis, meaning that Europe needs to become more competitive, enabling it to capture growth currently taking place mainly in emerging markets. But what are the triggers of competitiveness? The EFIGE project, led by Bruegel, takes a fresh […]
US unemployment: Neither natural nor unnatural
Calvo, Guillermo, Coricelli, Fabrizio & Ottonello, Pablo. Economic output in the US seems to have recovered since the Great Recession – but jobs have not. This ‘jobless recovery’ has led economists to argue that unemployment has reached a point where it can fall no further without further inflation. This column disagrees, suggesting the nature of the crisis […]
Club Med and the Sun Belt: Lessons from adjustment within a monetary union
Dadush, Uri, Wyne, Zaahira, Ali, Shimelse. The US and the Eurozone are slowly recovering after the bursting of their huge housing bubbles. Yet the hardest-hit states in the US have adjusted more rapidly than the most troubled European economies. This column examines differences between the US and Eurozone monetary unions that can help explain why. Πηγή: Voxeu […]