maandag 12 juli 2010
The Feckless Fed
Ben Bernanke knows the dangers of deflation. So why isn’t the Fed using its tools to head it off? Read Krugman's column in the NYTimes here.
vrijdag 9 juli 2010
Europe's future: Can anything perk up Europe?
"Europe seems a diminished force in the world. In Asia and America it has become fashionable to look upon these failings with disdain. Europe’s time is past, it is said. Its ageing, inward-looking citizens no longer have the resolve to overcome adversity. And yet an ailing Europe benefits nobody."
Yes: the European Union will thrive if its leaders seize the moment in the same way they did 20 years ago. Read the complete article in The Economist here.
Are stimulus skeptics logically incoherent?
Read Greg Mankiw's objection on Krugman's proposition for U.S. government to borrow some of the cash corporations aren’t spending here.
Grote schuldeisers van banken moeten risico lopen
Drie tips voor het overheidsbudget
Lees het volledige opiniestuk van Wim Moesen (KULeuven) in De Standaard hier.
donderdag 8 juli 2010
EU launches public debate on the future of pensions
The European Commission has on July 7, 2010 launched a Europe-wide public debate on how to ensure adequate, sustainable and safe pensions and how the EU can best support the national efforts. Read the press release and the green paper here.
woensdag 7 juli 2010
Merkel's Government Agrees to Mini-Health Care Reform
Facing a projected shortfall of 11 billion euros for Germany's health care system in 2011, Chancellor Angela Merkel's government agreed on Tuesday to increase contributions. But the plan is a far cry from radical reform, leading to calls for the country's health minister to resign. Read the complete article in Der Spiegel International here.
In a World of Throwaways, Making a Dent in Medical Waste
Read the complete article in the NYTimes here.
Alleen een loonstop kan de Belgische concurrentiepositie redden
Een loonstop is de enige echte mogelijkheid om de Belgische loonkostenhandicap weg te werken. De laatste nieuwsbrief van het Planbureau laat er weinig twijfel over bestaan: de voorbije vijftien jaar is de Belgische loonkostenhandicap opgelopen tot 3,94 procent.
Lees het volledige opiniestuk in Trends hier.
Lees het volledige opiniestuk in Trends hier.
Bank stress testing : “Wasserdruck !!”
One of the scarce hilarious moments in the motion picture “Das Boot” concerns the “usual” exercise of emergency diving after an enemy alert. When the U-boot goes beneath 250 m, the infrastructure crumbles and shakes with bolts flying around. The chief engineer smiles to the propaganda representative aboard – having cold sweat and laughing green – merely saying “Wasserdruck”, winking an eye to those familiar with the exercise. Todays’ exercise on European banks and stress testing shows some similarities with the above scene : it involves shaky fundamentals and could possibly involve misleading propaganda. Read the complete post on the Econoshock blog here.
dinsdag 6 juli 2010
Le Cercle des économistes prône un grand emprunt européen
Lisez l'article complet dans Le Monde ici.
A Little Economic Realism
Proponents of a second stimulus need to beware of reckless new debt, but we must also guard against severe austerity. Read David Brooks' column in the NYTimes here.
maandag 5 juli 2010
Studiecommissie voor de vergrijzing: jaarlijks verslag 2010
Lees één van de belangrijkste overheidsrapporten van het jaar hier.
Leaving Germany for Turkey
High-quality immigrants are leaving
Déficit : “une dépense publique raisonnable, des impôts pour la financer”
Lisez la très intéressante analyse du Monde ici.
US claims of higher drug costs under fire
Claims by the US drugs industry that the US disproportionately funds research and development of new drugs by paying higher prices than Europe for its medicines have been undermined by a new study to be published soon. Panos Kanavos and Sotiri Vandoros at the London School of Economics argue in their report that a rigorous like-for-like comparison shows that transatlantic differences in patented medicine prices are modest and declining over time. Read the complete article in the Financial Times here.
A New Problem for Insurance Markets
The Feasibility to Regionalise Corporate Income Taxation
Read Professor Haelterman's Vives (KULeuven) discussion paper here.
donderdag 1 juli 2010
Geen stoffige academici
Smit ging in haar eigen doctoraatsthesis op zoek naar de zin van doctoreren voor de bedrijfswereld. Samen met haar promotor Rossette S'Jegers onderzocht ze welke meerwaarde doctoren bieden voor bedrijven uit de kenniseconomie en in hoeverre het HR-management die meerwaarde ook juist inschat. Lees de Standaardanalyse hier.
woensdag 30 juni 2010
Apartheid in ons schoolsysteem is niet de oplossing
Socioloog Jaap Dronkers stelde vast dat een grote etnische diversiteit in de klas het niveau naar beneden haalt, zo meldde De Standaard dit weekend. Zijn oplossing: segregatie. Stop scholieren allemaal in mono-etnische scholen. In zulke scholen kunnen leerlingen, ongestoord door het anders-zijn van medescholieren, zich concentreren op de leerstof en halen ze bijgevolg betere resultaten. Dat is een zeer gevaarlijk discours, zeggen Gunilla de Graef van het CIMIC en Koen Stuyck van StampMedia. Segregatie is volgens hen een non-oplossing in een wereld waar verschil geen mogelijkheid, maar een feit is. Lees het volledige stuk op Apache hier.
A special report on debt: Repent at leisure
Borrowing has been the answer to all economic troubles in the past 25 years. Now debt itself has become the problem, says Philip Coggan. Read the complete article in the Economist here.
The yuan and global imbalances: The long march
China’s slightly freer currency would be all the more welcome if it spurred moves to boost consumptio.
Read the complete article in The Economist here.Avoiding the Austerity Trap
Deficit reduction is an unhealthy obsession. Read Thomas Ffrank's column in the WSJ here.
Why Obamanomics Has Failed
Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. Read the complete opinion article in the WSJ here.
The Third Depression
"The hard-liners often invoke the troubles facing Greece and other nations around the edges of Europe to justify their actions. And it’s true that bond investors have turned on governments with intractable deficits. But there is no evidence that short-run fiscal austerity in the face of a depressed economy reassures investors. On the contrary: Greece has agreed to harsh austerity, only to find its risk spreads growing ever wider; Ireland has imposed savage cuts in public spending, only to be treated by the markets as a worse risk than Spain, which has been far more reluctant to take the hard-liners’ medicine." Read Krugman's column in the NYTimes here.
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