Blog

Save our Steel! Save our Jobs?

| 13 November 2015
Trade, Blog | Tags: Anti-Dumping, China, EU, Steel, Tariffs
EU member States have recently intensified their calls upon the European Commission to deploy trade defence measures to stem the rising tide of cheap imports of steel from China. It is contended that the slowdown of the Chinese domestic economy has prompted steel manufacturers to ... continue reading

Looking for a Way out the Subsidies Labyrinth in Argentina

| 16 October 2015
Fiscal, Monetary, Blog | Tags: Energy, Inflation, Subsidies
In the midst of a heated electoral campaign, subsidies are at the centre of the political debate in Argentina. Shock or gradual approaches to reform those transfers have emerged as the buzzwords of the moment as the presidential race heats up. ... continue reading

Tax Expenditures and Sustainability

| 8 October 2015
Fiscal, Blog | Tags: Renewables, Tax Expenditures
What do 1.8 billion Euro given to Italian farmers, 69.7 billion US$ provided to US homeowners, and 75 billion A$ allocated to support the retirement income system in Australia have in common? They are channeled through tax expenditures. ... continue reading

Low Interest Rates: An Opportunity for Renewables

| 8 July 2015
Monetary, Blog | Tags: Energy, Interest Rates
Putting the economy on an environmentally sustainable path requires a serious shift into green technologies. Such a shift includes substantial investments in technologies that are based on renewable energy to produce electricity – referred to hereinafter as “green energy technologies”. Interest rates directly and significantly ... continue reading

Where Will All The Jobs Come From?

| 24 April 2015
Trade, Blog | Tags: Employment, Global Value Chains, Services Trade
In the last couple of years, a spate of magazines, articles and think-pieces have predicted a new age of automation (and robots) – one that means an increasingly stark picture for labour worldwide (see the BBC and The Economist). Even Barack Obama has been seen ... continue reading

Central Banks, Financial Stability and Inequality

| 9 March 2015
Monetary, Blog | Tags: Central Banks, Financial Stability, Inequality
When you ask a central banker what her job is, she will most probably answer: “keeping inflation under control!” Indeed, securing price stability constitutes the current raison d’être of most, if not all, central banks around the world. In parallel to this objective, however, many ... continue reading

Should the ECB Helicopter Adjust Its Dropping Zone?

| 4 February 2015
Monetary, Blog | Tags: Inequality, QE
“Let us suppose that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky…” This pleasant image conveyed by Milton Friedman’s famous metaphor is taken to new heights by Mario Draghi, who promised to inject €60 billion ... continue reading

Inside CETA: Unpacking the EU-Canada free trade deal

| 12 December 2014
Trade, Blog | Tags: Employment, Environment, ISDS, Subsidies
How are sustainable development objectives treated in the latest major preferential trade agreements?  In late September, the European Union and Canada released the long-awaited text of a bilateral free trade pact, five years after launching talks, and almost one year on from announcing they had ... continue reading

Monetary Policy and Inequality – What Do Central Bankers Say?

| 24 November 2014
Monetary, Blog | Tags: Central Banks, Inequality
“Benign neglect” perhaps most aptly characterizes the attitude that central bankers have traditionally displayed toward the topic of economic inequality. Indeed, monetary policy and inequality have long been regarded as having nothing more in common than just the fact that they both coexist. In the ... continue reading

At Whose Service? Jobs and Services Trade in Developing Countries

| 17 November 2014
Trade, Blog | Tags: Development, Employment, Poverty, Services Trade, WTO
Services-led Employment Growth? Creating jobs to match their ever increasing, relatively young labor forces is probably the biggest challenge that developing countries are facing in the medium term. Reducing unemployment is perhaps the most effective tool to achieve a wide range of development goals, such ... continue reading