The New York Times - metered paywall - 25 Jul 2018
Continental Europe is one of the very few places in the rich world where workers are finally getting a bigger piece of the economic pie. In a world of discontent, this is important news, but nobody quite understands the reason why real wages are increasing. This article presents some possible explanations at a time when the relationship between growth, wages and inflation has become much harder to understand (reads in 5-6 min).
Published in Weekly selection 28 July 2018
VoXeu - 21 Apr 2018
This is an important article for those interested in the future of Europe and the Eurozone. We don’t concur with the conclusions put forward by the author of “Euro Tragedy: A Drama in Nine Act”. He is, however, being heard by an increasing number of policy-makers and analysts. Mody essentially argues that the political divide in Europe may now be hard to heal without a major shift in focus back to national priorities (reads in 6-7 min).
Published in Weekly selection 21 April 2018
Foreign Policy - metered paywall - 27 Feb 2018
On the eve of the Italian parliamentary elections, it is worth reading this deeply (overly?) pessimistic article. The Italian economist claims that Italians are rearranging the deck chairs as their country irrevocably sinks. He attributes his country’s travails to 4 things: (1) lack of productivity growth, (2) a very negative demographic outlook, (3) oppressive levels of public debt, and (4) a sense of lost sovereignty that fuels nationalism and populism. Today, Italy is the Eurozone’s weakest link (reads in 7-9 min).
Published in Weekly selection 2 March 2018