Saturday, September 20, 2014
  1. Europe’s Bargain

    Michael Spence

    Europe’s Bargain

    11

     calls for eurozone members to cut public-sector liabilities while hiking public-sector investment.

    EU Parliament Strasbourg EU Parliament/Flickr

    Eurozone member countries should implement fiscal and structural reforms in exchange for short-run relaxation of fiscal constraints – not to increase liabilities, but to focus on growth-oriented investments to jump-start sustained recovery. If they do, private investors would take note, accelerating the recovery process. READ MORE

  2. Piketty’s Missing Rentiers

    Jeffrey Frankel

    Piketty’s Missing Rentiers

    8

     says that inequality is rising, but not for the reason Thomas Piketty has given.

    Rich and poor on street Ice Man/Flickr

    Thomas Piketty predicts that interest rates will rise substantially above the growth rate, capital will accumulate, and the rich will get richer through inheritance and capital income, rather than through outlandish salaries and stock options. But unearned income is not what is driving the current rise in inequality. READ MORE

  3. The Economics of Violence

    Bjørn Lomborg
  4. Revamping Europe’s Tattered Social Contract

    Kemal Derviş

    Revamping Europe’s Tattered Social Contract

    0

     explains why structural reforms cannot ignore the social, historical, and political context.

    Man on bench europe Paolo Margari/Flickr

    Europe's economy needs deep supply-side reforms, so that fiscal stimulus translates into sustainable long-term growth, not just temporary spurts and further increases in countries’ debt ratios. But too many call for structural reforms without specifying their content or considering the social, historical, and political context. READ MORE

  5. The G-20 to the Rescue?

    Wayne Swan

    The G-20 to the Rescue?

    2

     calls for the upcoming Brisbane summit to abandon business as usual.

    G20 meeting Australia G20 Australia 2014/Flickr

    The G-20’s upcoming meeting in Brisbane, Australia, comes at a time when a precarious global economy requires big decisions to be made. But it is far from clear who will provide the decisive voice needed to set a bold agenda – and then shepherd its implementation. READ MORE

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