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  • On the Design of Empirical Stock-Flow-Consistent ModelsLevy Economic Institute
    January 16, 2019

    While the literature on theoretical macroeconomic models adopting the stock-flow-consistent (SFC) approach is flourishing, few contributions cover the methodology for building a SFC empirical model for a whole country. Most contributions simply try to feed national accounting data into a theoretical.....

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  • Macroeconomic Policy Effectiveness and Inequality: Efficacy of Gender Budgeting in Asia PacificLevy Economic Institute
    January 17, 2019

    Gender budgeting is a fiscal approach that seeks to use a country's national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While the literature has explored the connection between reducing gender inequality and achieving growth and equitable devel.....

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  • The Belt and Road turns fiveBruegel - Publications
    January 10, 2019

    Five years after its launch, Michael Baltensperger and Uri Dadush reflect on China’s Belt and Road Initiative. The plan to revive ancient trade routes has the potential to enhance development prospects across the world and in China, but that potential might not be realised because the BRI’s obje.....

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  • The Belt and Road turns fiveBruegel - Publications
    January 10, 2019

    Five years after its launch, Michael Baltensperger and Uri Dadush reflect on China’s Belt and Road Initiative. The plan to revive ancient trade routes has the potential to enhance development prospects across the world and in China, but that potential might not be realised because the BRI’s obje.....

    Read more →
  • The implications of no-deal Brexit: is the EU prepared?Bruegel - Publications
    January 14, 2019

    Hearing on Brexit in the EU Committee of Bundestag on 14 January 2019, exploring the possible consequences of a no-deal Brexit for the EU and assessing preparations on the EU side......

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  • The implications of no-deal Brexit: is the European Union prepared?Bruegel - Publications
    January 14, 2019

    The author, based on a note written for the Bundestag EU Committee, is exploring the possible consequences of a no-deal Brexit for the EU, assessing preparations on the EU side and providing guidance on the optimal strategy for the EU, depending on the choices made by the United Kingdom......

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  • EU28 current account surplus €38.7 bnEuroStat - Statistics Release
    January 14, 2019

    The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €38.7 billion (1.0% of GDP) in the third quarter of 2018, down from a surplus of €59.9 billion (1.5% of GDP) in the second quarter of 2018 and from a surplus of €60.4 billion (1.6% of GDP) in the thir.....

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  • Industrial production down by 1.7% in euro areaEuroStat - Statistics Release
    January 14, 2019

    In November 2018 compared with October 2018, seasonally adjusted industrial production fell by 1.7% in the euro area (EA19) and by 1.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October 2018, industrial production increased by 0.1% in both th.....

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  • Euro area international trade in goods surplus €19.0 bnEuroStat - Statistics Release
    January 15, 2019

    The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2018 was €203.0 billion, an increase of 1.9% compared with November 2017 (€199.2 bn). Imports from the rest of the world stood at €184.0 bn, a rise of 4.7% compared with November 2017 (€175.7 bn)......

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  • On the Design of Empirical Stock-Flow-Consistent ModelsLevy Economic Institute
    January 16, 2019

    While the literature on theoretical macroeconomic models adopting the stock-flow-consistent (SFC) approach is flourishing, few contributions cover the methodology for building a SFC empirical model for a whole country. Most contributions simply try to feed national accounting data into a theoretical.....

    Read more →
  • Macroeconomic Policy Effectiveness and Inequality: Efficacy of Gender Budgeting in Asia PacificLevy Economic Institute
    January 17, 2019

    Gender budgeting is a fiscal approach that seeks to use a country's national and/or local budget(s) to reduce inequality and promote economic growth and equitable development. While the literature has explored the connection between reducing gender inequality and achieving growth and equitable devel.....

    Read more →
  • Fifty shades of yellowBruegel - Blogs
    January 10, 2019

    Who are the Yellow Vests? What are the true roots of their uprising? And what do they want? Six weeks after they started rocking French politics and a month after violence erupted on the Champs Élysées, these questions are still hotly debated in France......

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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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