Suchergebnisse

by Salvatore FP Barillà This article is based on research presented at the UACES Graduate Forum Research Conference 2021 (17-18 June, online)   In the context of trade policy, economic capacity and market size are often considered central analytical factors. It is assumed that the larger the market size of a state, the more likely it will […]
The post The study of ideas in EU-China disputes in the WTO appeared first on Crossroads Europe.

On 9 September 2021, seven European citizens who marched in solidarity with migrants across the Franco-Italian Alpine border were acquitted of facilitating irregular migration. The decision is a victory for activists in France, reaffirming their right to act in solidarity with migrants based on the constitutional principle of fraternity. The trial took place on 27 […]
The post French appeals court decision is a victory for solidarity with Migrants appeared first on Crossroads Europe.

This article is based on research presented at the UACES Graduate Forum Research Conference 2021 (17-18 June, online)   Cybersecurity has become the backbone of a global digital society, a key element for a variety of issues ranging from national security, data protection, the trustworthiness of AI and 5G technologies, digital sovereignty, to, last but not least, […]
The post The new EU Cybersecurity Strategy 2020: was COVID-19 a key factor? appeared first on Crossroads Europe.

by Taro Nishikawa This article is based on research presented at the UACES Graduate Forum Research Conference 2021 (17-18 June, online)   After the European Community (EC) launched the Common Commercial Policy (CCP) in 1970, the question of who influences EC/EU positions in international trade negotiations became an important scholarly research topic. On the one hand, greater control […]
The post Vertical Interplay between the European Commission and Member States in EU Trade Policy appeared first on Crossroads Europe.

This article is based on research presented at the UACES Graduate Forum Research Conference 2021 (17-18 June, online)   Writing a blog post about November 14th 2012 may seem like a delayed reaction after almost 9 years, but this day was central in my choice of a theme for a doctoral dissertation. This is why I am […]
The post November 14th 2012: "European Day of Action and Solidarity" or "Day of Rage"? appeared first on Crossroads Europe.

by Magdalena König This article is based on research presented at the UACES Graduate Forum Research Conference 2021 (17-18 June, online)   Counter-terrorism policy has never been such a prominent policy area in EU enlargement as it currently is. In recent years, the EU has put security policy, and in particular counter-terrorism policy, high on the agenda […]
The post Regional cooperation, externalization, and prevention: trends and practices of EU counter-terrorism in EU enlargement appeared first on Crossroads Europe.

After several systemic crises in a decade, emergency politics has taken hold in Europe. In the wake of the 2008 financial crisis and later the Covid-19 pandemic, governments have responded with exceptional measures. Along the way, they have accumulated extraordinary powers. We might be tempted to think that this form of politics is the natural […]
The post In Europe, emergency politics has become unexceptional appeared first on Post-Crisis Democracy in Europe.

For a while now many European governments have resorted to austerity measures to deal with the recession and financial crises affecting them. This may have either been by choice, or pressured from the outside.

However, as has been warned countless times, excessive austerity rarely works. Furthermore, focusing on debts and deficits appears to miss the point that the economic problems were caused by a collapse in markets and banking sector in particular, resulting in less revenues for governments; not necessarily an excessive overspend by governments.

Some of the policies being forced through even when evidence appears to show they do not work lead many to think that austerity and structural adjustment policies are being ideologically pushed for — just as they were on most of the developing countries for almost 2 decades with devastating results.

Indeed, in the US, investigations have found billionaires pouring hundreds of millions of dollars on campaigns to fix the debt making it appear as a grassroots movement. Fixing the debt of course happens to leave the elite less affected, so it works to their advantage to push for something like that.

Without more focus on appropriate economic growth, there is a real risk in going backwards, and even undermining democracy.

The global financial crisis page on this web site has been updated with new sections and videos on this issue.

Read full article: Global Financial Crisis

There's been much talk about the Phillips curve lately, especially in the wake of Jay Powell's recent testimony before Congress. Many people are proclaiming the death of the Phillips curve. I think that many people making these proclamations are probably wrong--or, more likely--they are correct, but for the wrong reasons.

What exactly is being proclaimed dead here? Are people referring to the absence of any statistical correlation between inflation and unemployment? Or are they referring to the theory that the unemployment rate (beyond some "natural" rate) causes inflation? These are two conceptually different notions of the Phillips curve. The fact that the Phillips curve is "flat" does not in itself negate the Phillips curve theory of inflation. This is because monetary policy and other factors (like expected inflation) could shift the position of the curve over time.

My own preferred theory of inflation does not rely on the unemployment rate per se. I think that the long-run inflation rate is determined by monetary and fiscal policy and that fluctuations in "aggregate demand" can generate countercyclical movements in inflation and unemployment (or procyclical movements in inflation and employment in a "full-employment" economy). But this is not a post on the theory of inflation. It's just about the statistical properties of the Phillips curve in the European Monetary Union. (In my previous post I talked about the Phillips curve in the United States, see here.)

Restricting attention to the EMU is of some interest here because individual member countries do not have direct control over monetary policy (although some countries may have greater influence than others). If (say) the Austrian economy goes into recession, it's not like the ECB will cut its policy rate just for the sake of Austria. So, to the extent that unemployment rates across EMU members states are not perfectly correlated, one might be in a better position to identify a conventional Phillips curve relationship. Below, I report the Phillips curve for all 19 member states and for the EMU as a whole. In this data, the negative relationship seems apparent in all but a few cases. I'll leave it up to the reader to draw his or her own conclusions.

PS. Antoine Levy points me to his paper showing an even stronger relationship at the regional level; see here: http://economics.mit.edu/files/16976

[…] LSE BREXIT – Published on August 29, 2019 […]

Seeking work and shelter in another EU country proves more difficult today than at the end of the last century. Despite existing EU legislation, national administrations seem reluctant to facilitate the residence of certain European citizens. Julien Bois calls for the European Commission to again clarify citizens' free-movement rights, taking into account societal and judicial […]
The post Strangers at the gates: denying residence rights in Europe in the 21st century appeared first on Post-Crisis Democracy in Europe.

Greenhouse gas monitoring – and increasingly climate policy monitoring, meaning the continuous tracking of policies with indicators – has existed since the early 1990s – and is thus a long-standing practice. For a long time, most people thought it to be a very technical exercise of low politics, but our new work demonstrates that this […]
The post Guiding Europe Towards Faster and Deeper Decarbonisation: An Enhanced Role for Policy Monitoring? appeared first on Environmental Europe?.

When talking about Yemen, one of the most common phrases amongst analysts is that "it's complicated." True, to a very large extent. Tribal politics, new movements being infiltrated by old power political structures and when looking at the political actors involved, it becomes less clear how the conflict falls under the 'Sunni-Shia' divide that seems […]
The post Why a military defeat of the Houthis is not enough for Yemen or Europe appeared first on Europe on the Strand .

The UK has a crucial role to play in the debate over how the EU should be reformed. This session engages in a conversation as to why and how.

[…] Hix from LSE continued: "Without the UK at the table in Brussels, the EU might change in a direction that […]