Economic Performance Index: An industry-centric measurement approach
Mike Orszag, Urvi Shriram, Dennis J Snower. Economic performance is increasingly defined by the idiosyncratic characteristics of companies operating across national borders, making anachronistic the treatment of the country as the basic unit of economic analysis when measuring performance. This column presents a new way of measuring economic performance and describes the Economic Performance Index […]
Implementation of the Macroeconomic Adjustment Programmes in the Euro Area: State-of-Play
Daniel Gros, Cinzia Alcidi, Ansgar Belke, Leonor Coutinho & Alessandro Giovannini. Two of the four macroeconomic adjustment programmes – in Portugal and Ireland – can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold […]
Economic theories that influenced the judges of Karlsruhe
De Grauwe, Paul. The German constitutional court declared the OMT program to against EU law. This column argues that the economic logic used by the German judges was flawed – based on economic theories that have been rejected empirically. Πηγή: Voxeu πλήρες κείμενο