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Action Policy Digest February 2020

Autore :

Data: 10-02-2020

Tipo: Other

Tematica: Action Institute

 

Organized as a monthly newsletter, it presents an overview of the current international policy debate. You find below a selection of the best ideas from the most influential think tanks, structured in four areas: (i) Finance, (ii) Innovation and Development, (iii) European Affairs and (iv) Social Policy.

 

FINANCE

 Stress tests can limit international spillovers of accomodative monetary policy. This column shows that United States banks contributed to the transmission of US monetary policy and that regulation and supervision attenuated it.

 Do AI markets create competition policy concerns?. Artificial Intelligence markets are young, and their structure is yet to crystallise. Is European competition law ready for what happens next?

logo yaleIncorporating macroprudential financial regulation into monetary policy. This paper proposes two insights into financial regulation and monetary policy. The first enhances the understanding of the relationship between them, building on the automobile metaphor that describes monetary policy, while the second insight is that both excess leverage and fundamental mispricing of asset values are necessary to produce a crisis.

INNOVATION AND DEVELOPMENT

 AI and the productivity paradox. In this blog post, the author reviews the main explanations for the productivity paradox and briefly discusses relevant policy options in order to increase the contribution of Artificial Intelligence on productivity.
 Artificial intelligence and cybersecurity. The Centre for European Policy Studies (CEPS) launched a Task Force on Artificial Intelligence (AI) and Cybersecurity in September 2019. The goal of this Task Force is to bring attention to the market, technical, ethical and governance challenges posed by the intersection of AI and cybersecurity, focusing both on AI for cybersecurity but also cybersecurity for AI.

 Placing a visible hand on the digital revolution. As we enter the third decade of the digital century, the author argues that for too long, digital entrepreneurs have written the rules for the digital economy that all the rest of us have to live by.

EUROPEAN AFFAIRS

 European capital markets union, by rule and by choice. While the Euro is now a leading global currency and the European Central Bank has become a comprehensive banking supervisor, Europe’s markets have been treading water.
  Unconventional monetary policy and inflation expectations in the Euro Area. This paper examines the effects of the European Central Bank’s Unconventional Monetary Policy on inflation expectations in the Euro Area as they play a key role in achieving the inflation target of below, but close to 2%.

Canada launches C$50M fund for R&D collaboration with EU. Ottawa announces the first tranche of a special fund to involve Canadian researchers in the European Union’s Horizon programme, as part of a broader campaign to boost international Research and Development.

SOCIAL POLICY

 The share of women in top incomes. While the rising income share of top earners has received enormous attention in recent years, the share of women at the top has not been examined as closely.

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]