SINGLE-PUBBLICAZIONE

Action Policy Digest November 2019

Autore :

Data: 10-11-2019

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

Liquidity linkages in European sovereign bond markets can amplify fundamental economic shocks“. Stable sovereign bond markets are crucial to a well-functioning economy and financial system. But despite the importance of amplifications of sovereign bond market tensions related to flights-to-safety and sudden liquidity contractions, there is little direct empirical evidence of the transmission channels through which such catalysts for amplification operate.

 “Long term real interest rates fell below zero in all euro area countries“. The 10-year real government bond yield has fallen below zero in Italy and Greece, boosted by increased market confidence for their new governments. Negative real interest rates vastly help fiscal sustainability and provide a great opportunity to invest in much needed infrastructure and the transition to a carbon-neutral economy.

 “How do you solve a problem like Fannie and Freddie? Not by creating more of them“. September 6, 2008 arguably marked the beginning of the acute phase of the 2008 financial crisis. On that date, the U.S. government announced that housing giants Fannie Mae and Freddie Mac would be taken over by the government and, in the process, receive significant public support.

INNOVATION AND DEVELOPMENT

 “Machines and workers: How different technologies affect different workers“. The column investigates which technologies have had the largest effect, and on which types of worker. It finds that robots and software raised the demand for high-skill workers, older workers, and men, especially in service industries.

EUROPEAN AFFAIRS

 “No-deal Brexit would force UK to create ‘a bigger rival’ to European Research Council“. Author of government report on Brexit contingency planning for science says UK will need new research funding body, an immigration policy overhaul and money for a wide ‘talent hunt’ if country crashes out of EU.

 “The Single Market remains the decisive power of the EU“. The EU’s single market should not just be one among several priorities for the new Commission and Parliament. The single market was and is the core business of the EU. Much of what goes on or is proposed under elaborate titles is actually part and parcel of the single market.

 “Why structural balances should be scrapped from EU fiscal rules“. A prominent team from DG ECFIN of the European Commission challenged some of the criticisms of the EU’s methodology for estimating potential output and output gaps, as well as their role in the EU fiscal framework.

SOCIAL POLICY

 “The link between declining middle-wage jobs, rising wage inequality, and worker welfare“. Over the last five decades, middle-wage jobs diminished in the US as wage inequality increased. This column investigates the relationship between these two phenomena, and finds no evidence that either computerisation or automation (often cited as a source of both trends) produced employment polarisation or increased wage inequality.

 “Tackling toxic masculinity in technology workplaces“. Toxic masculinity and everyday sexism create a hostile environment for women in technology workplaces and in online spaces. In an increasingly digital world the male-domination of technology design, software production, and digital content is a serious problem that demands urgent remedy.

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 […]