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  • Preparing for uncertaintyBruegel - Publications
    July 3, 2019

    Memo to the president of the European Central Bank. Grégory Claeys, Maria Demertzis and Francesco Papadia present the challenges that the next ECB president will face during the upcoming mandate, reinventing monetary policy in a system riddled with uncertainties......

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  • The threats to the European Union’s economic sovereigntyBruegel - Publications
    July 4, 2019

    Memo to the High Representative of the Union for Foreign Affairs and Security Policy. The authors describe the current context and the increasing interlinkages between economics and power politics and the role to play in reinforcing and defending Europe’s economic sovereignty......

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  • Director’s Cut: Priorities for the new ECB presidentBruegel - Publications
    July 4, 2019

    In this Director's Cut of 'The Sound of Economics', Guntram Wolff talks to two of the authors of Bruegel's memo to the new ECB president, Maria Demertzis and Grégory Claeys, to specify the most important issues at the beginning of this eight-year cycle and to clarify the parameters within which the.....

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  • Industrial producer prices down by 0.6% in both euro area and EU28EuroStat - Statistics Release
    August 2, 2019

    In June 2019, compared with May 2019, industrial producer prices fell by 0.6% in both the euro area (EA19) and EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2019, prices decreased by 0.1% in the euro area and remained unchanged in the EU28......

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  • Volume of retail trade up by 1.1% in euro areaEuroStat - Statistics Release
    August 2, 2019

    In June 2019 compared with May 2019, the seasonally adjusted volume of retail trade increased by 1.1% in the euro area (EA19) and by 1.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2019, the retail trade volume decreased by 0.6% in the eur.....

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  • GDP and employment both up by 0.2% in the euro areaEuroStat - Statistics Release
    August 14, 2019

    Seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and in the EU28 during the second quarter of 2019, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2019, GDP had grown by 0.....

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  • Techies, trade, and skill-biased productivityVoxEU - Vox Talks
    January 23, 2019

    Economists have studied the nexus between labour demand, globalisation, and technology adoption for decades, but quantifying the relative importance of these factors is challenging. Using firm-level data from France, this column proposes a new measure of productivity based on the number of workers .....

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  • The impact of regularising migrant workersVoxEU - Vox Talks
    January 24, 2019

    Legalisation of immigrant workers is a simple policy to implement and can be very effective in reducing undeclared labour, yet economists know relatively little about how host economies are affected. This column analyses Italy's largest ever legalisation to examine how the policy affects firms’ .....

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  • Negative interest rate policy and the bank lending channelVoxEU - Vox Talks
    January 24, 2019

    Several central banks implemented negative policy rates in response to the financial crisis, but there is little consensus on the overall effect of this policy. This column examines the transmission of policy rates to bank lending rates, focusing on the case of Sweden. While the first two cuts in ne.....

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