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  • Soaring house prices in major cities: how to spot and moderate themBruegel - Publications
    June 19, 2019

    This article examines whether there are regional differences in house price growth within European countries and find a stronger cyclical pattern in capital cities compared to other regions, indicating a clear rationale for regional-level tools. The authors recommend using macro-prudential measures .....

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  • Deep Focus: Making a success of EU cohesion policyBruegel - Publications
    June 20, 2019

    Bruegel senior fellow Zsolt Darvas talks to Sean Gibson in this Deep Focus podcast about how the EU can improve its cohesion policy, citing the best examples of its implementation and stressing the methodological difficulties in measuring its effectiveness......

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  • Redefining Europe’s economic sovereigntyBruegel - Publications
    June 24, 2019

    This Policy Contribution delves into the position of the EU in the current global order. China and the United States increasingly trying to gain geopolitical advantage using their economic might. The authors examine the specific problems that China and the US pose for European economic sovereignty, .....

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  • Annual growth in labour costs at 2.4% in euro areaEuroStat - Statistics Release
    June 17, 2019

    Hourly labour costs rose by 2.4% in the euro area (EA19) and by 2.6% in the EU28 in the first quarter of 2019, compared with the same quarter of the previous year. In the fourth quarter of 2018, hourly labour costs increased by 2.3% and 2.8% respectively. These figures are published by Eurostat, the.....

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  • Euro area job vacancy rate at 2.3%EuroStat - Statistics Release
    June 17, 2019

    The job vacancy rate in the euro area (EA19) was 2.3% in the first quarter of 2019, stable compared with the previous quarter and up from 2.1% in the first quarter of 2018, according to figures published by Eurostat, the statistical office of the European Union. In the EU28, the job vacancy rate was.....

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  • Annual inflation down to 1.2% in the euro areaEuroStat - Statistics Release
    June 18, 2019

    The euro area annual inflation rate was 1.2% in May 2019, down from 1.7% in April 2019. A year earlier, the rate was 2.0%. European Union annual inflation was 1.6% in May 2019, down from 1.9% in April 2019. A year earlier, the rate was 2.0%. These figures are published by Eurostat, the statistical o.....

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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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