Action Policy Digest – March 2018

Autore : Action Institute

Data: 12-03-2018

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.
“At current rates of progress it may take another 217 years to close the economic gender gap globally”
This is the harsh warning coming from the World Economic Forum “Global Gender Gap Report 2017”. In this edition, that falls in the week of the International Women’s Day, the Action Policy Digest will include Gender Policy Special Edition that will cover the gender gap issue that affects women from all backgrounds, at all ages and levels of education!

The goal of this coverage is not only to stress the shameless 68% in the gender economic gap but also to address all the different areas in which there is a gender gap from education to health access from empowerment to economic participation.


“Closing the Gender Gap” (WORLD ECONOMIC FORUM). The Closing the Gender Gap Project aims to create global and national collaboration platforms to address current gender gaps and reshape gender parity for the future.

“A few good (wo)men – on the representation of women in economics” (BRUEGEL).Last week, the American Economics Association Annual Meetings held a session on Gender Issues in Economics. In this blogs review the authors revise the recent contributions on female representation and perception in economics.

“Charts of the week: Advancing women and girls in science” (BROOKINGS). Though more women are pursuing careers in science, technology, engineering, and mathematics (STEM), it is clear that gender gaps in these fields—and harmful biases– persist today.

“Gender Inequality and Integration of Non-EU Migrants in the EU” (CEPS). In this Policy Insights study, the authors argue that there is a particularly strong case for labour market integration measures specifically geared towards female migrants.


“The exchange rate and inflation in the euro-area: words following facts” (BRUEGEL). The reduced references in the speeches of the President and Vice-president of the ECB to exchange rate changes in assessing inflation developments correspond to a decreased pass-through from the exchange rate to inflation.

“Over-the-counter interest rate derivatives: The clock is ticking for the UK and the EU” (CEPS). Over-the-counter (OTC) derivatives markets, in particular interest rate derivatives (IRD), have grown significantly in recent decades and now constitute a systemically important component of financial services activity.

“The feasibility of sovereign bond-backed securities for the euro area” (VOX). The euro area’s macro-financial framework is incomplete and fragile. This column highlights how a market for sovereign bond-backed securities could help to enhance financial stability by providing automatic stabilisation.


“The Internet and Jobs: Opportunities and ambiguous trends” (CEPS). The empirical literature on the impact of the internet on jobs indicates that the internet has indeed created many new jobs, but that a large number of jobs may also have been destroyed or downgraded in the process, at least in the short run.

“Fintech and Banks” (VOX). Financial technology companies have spurred innovation in financial services while fostering competition amongst incumbent players. This column argues that although incumbents face rising competitive pressure, they are unlikely to be fully replaced by FinTechs in many of their key functions.


“The EU’s Seven-Year Budget Itch” (BRUEGEL). On February 23, EU members began negotiations on the bloc’s multiannual financial framework for 2021-2027. But, with all countries focusing on net balances will the composition of spending bear any relation to the EU’s stated priorities?

“Increasingly fit again: The euro area economy is shedding the crisis legacies” (VOX). The outlook for the euro area economy depends to a large extent on whether the impact of the crisis will turn out to be permanent or transitory. This column attempts to chart out the path ahead, starting from what different narratives of the ‘atypical recovery’.

“Towards Variable Union in Europe’s Capital Markets” (CEPS). Capital markets are best suited to finance real assets in the economy. With respect to the potential of distributed ledger technology, it is essential to establish a critical mass of market players and interoperability with the existing infrastructures.


“Average income per capita, health outcomes, and the allocation of development assistance for health” (VOX).Large multilateral organisations like WHO and the UN rely heavily on average income data in determining eligibility for, and the allocation of, development assistance for health.

“Beyond border control, migrant integration policies must be revived” (BRUEGEL). Border control and burden-sharing of refugees is just one aspect of immigration policies. Greater financial inclusion and the tailoring of regulations to refugees’ specific needs would benefit not only the refugees themselves, but also native citizens.


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

Herbert Hoover […]


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

World Health Organization […]


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 […]