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Αυτό το «πακέτο» μπορούσαμε να το αποφύγουμε
Katherimerini, 22 Aπριλίου 2013. Με επιφύλαξη παντός δικαιώματος. Οι τέσσερις κοινές ερωτήσεις 1 Μπορούσε η Ελλάδα να έχει αποφύγει το Μνημόνιο; 2 Με ποιον διαφορετικό τρόπο θα είχαμε αντιμετωπίσει την κρίση χρέους; 3 Ποια ήταν τα βασικά λάθη στην κατασκευή της πολιτικής του Μνημονίου και τι θα μπορούσε να έχει γίνει διαφορετικά στην εκτέλεσή του; […] -
Is the Fed’s Medicine Really Poison?
Bloomberg View, April 22, 2013. All Rights Reserved. It’s not every day that a central banker admits that his medicine for curing the last crisis may be laying the groundwork for the next. But that’s exactly what Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, said last week at the annual Hyman P. […] -
Economists Slow to Detect Dodgy Data
The Age (Melbourne), April 21, 2013. All Rights Reserved. If we needed more evidence that economics is not a science, we have it now. A shock wave hit the economics world this week when two of its most famous practitioners—Kenneth Rogoff and Carmen Reinhart—were found to have produced some very dodgy data to support their […] -
There’s No Need for All This Economic Sadomasochism
The Guardian, April 21, 2013. All Rights Reserved. If Reinhart and Rogoff’s ‘error’ has discredited the prevailing policy dogma, now is the time for an alternative that works The intellectual justification for austerity lies in ruins. It turns out that Harvard economists Carmen Reinhart and Ken Rogoff, who originally framed the argument that too high […] -
Public Policy Brief No. 128
From Safety Nets to Economic Empowerment
Social protection systems comprise public policies designed to prevent or alleviate economic insecurity and poverty. Throughout the developing world, social protection strategies and the dialogue surrounding them have recently been undergoing an important evolution. In this policy brief, Senior Scholar and Director of the Gender Equality and the Economy program Rania Antonopoulos highlights the opportunities […] -
Public Policy Brief No. 128
Από τα δίχτυα ασφαλείας στην οικονομική ενδυνάμωση
Τα προγράμματα κοινωνικής προστασίας περιλαμβάνουν δημόσιες πολιτικές που είναι σχεδιασμένες για να εμποδίσουν ή να απαλείψουν την ανασφάλεια και τη φτώχεια. Σε όλο τον αναπτυσσόμενο κόσμο, οι στρατηγικές κοινωνικής προστασίας και ο διάλογος γύρω από αυτές εξελίσσονται ραγδαία. Στο παρόν κείμενο πολιτικής, η Ράνια Αντωνοπούλου, Senior Scholar και διευθύντρια του προγράμματος για την ισότητα των […] -
There Could Still Be Runs on the Money Market Funds
Forbes, April 20, 2013. All Rights Reserved. The President of the Federal Reserve Bank of Boston, Erick Rosengren, suggested this week that there could still be runs on money market mutual funds, as took place at the peak of the 2008 financial crisis, since these funds have “no capital” and invest in uninsured short term […] -
The Wealthiest 20% Own 72%; The Poorest 20% Only 3%
Forbes, April 19, 2013. All Rights Reserved. The growing disparity in wealth made the great recession worse and the recovery weaker than ever before. This nation’s wealth disparity widened more than ever before over the last five years because of the steep decline in the value of residential homes and stagnant wages for the lower […] -
Treasury’s Miller: No Banks Will Be Bailed Out
MarketWatch, April 19, 2013. All Rights Reserved. WASHINGTON (MarketWatch) – No financial institution, regardless of its size, will be bailed out by taxpayers again, Treasury Undersecretary for Domestic Finance Mary Miller said Thursday. As a result of the Dodd-Frank bank regulatory reform, "shareholders of failed companies will be wiped out; creditors will absorb losses; culpable […] -
Inflation Is Very, Very Low. Time to Worry?
CNNMoney, April 19, 2013. All Rights Reserved. Prices aren’t going up very much. Should we celebrate? Not really. Inflation that’s too low could be a bad sign for the U.S. economy, and some Federal Reserve officials are starting to get concerned. Speaking to reporters on Wednesday, St. Louis Fed President James Bullard pointed to the […] -
Fed’s Raskin: Accommodative Pol to Help Econ Cont Gain Traction
MNI | Deutsche Börse Group, April 18, 2013. All Rights Reserved. NEW YORK (MNI) – Federal Reserve Board Governor Sarah Bloom Raskin Wednesday underlined her support for ongoing aggressive push by the Fed to support economic growth, saying that it will help the recovery gain a more secure foothold, with the measures potentially becoming "increasingly […] -
Fed Policies Helping Low-Income Americans – Raskin
Reuters, April 18, 2013. All Rights Reserved. (Reuters) – Easy money policies are bringing some relief to lower-income Americans hard-hit in the recession and the easing could become increasingly potent as the housing market recovers, a top U.S. Federal Reserve official said on Thursday. In a speech on equality and the U.S. economy, Fed Governor Sarah […]