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iñaki caminos otermin
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WOLFGANG MUNCHAU (FT): '...The solution to the Dutch problem — and that of the UK — would be a form of associate EU membership. This would allow centralised decision-making among core members; others would regain some independence from Brussels. Associated member states would be allowed to be detached from central policy areas — the euro, the Schengen free-travel zone, possibly aspects of the single market — while remaining members of the customs union....'
It is hard to get a positive answer these days when you ask people a question about the EU, no matter what the question is. The Dutch referendum last week was about the ratification of theEU-Ukraine association agreement. The vote was 61 per cent
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MARTIN WOLF (ft): '....In designing the structure of taxes and benefits, such lifetime effects are at least as important as those at any moment. These effects include the role of the welfare state as both insurer and bank. Government plays these roles in all high-income nations, including even the US. It is a desirable one. Yet careful design is also needed. The starting point must be with greater awareness of this truth....'
How is the “welfare state” to be justified? The usual answer is that it is a way for the well-off to help the less well-off. But this is not its only role.It is also a “piggy bank”, as Nicholas Barr of the London School of Economics has argued. More
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SIMON JOHNSON: UK must stay in the EU.
- better for the growth and trade
- business friendly
- will take part in the TTIP (trade)
- Brexit would be a source of financial instability: risk premia, cost of funding, regulation,....
'....it is difficult to see how the UK’s global stature and influence would increase if it left the EU – particularly given the significant adverse impact such an outcome would have on the British economy....'
On June 23, the UK will hold a popular referendum on whether to leave the EU. Two recent reports on the likely impact of "Brexit" on the British economy leave little doubt that the UK would lose far more than it gained should voters decide to go it alone.
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El maquiavelismo de Obama (CONTHE): '...En mi opinión, Obama ha logrado conciliar bien esos dos maquiavélicos objetivos: infundir respeto y temor entre sus enemigos, e incluso sus aliados a los que reclama  colaboración; pero no ser odiado y, gracias a una diplomacia dialogante y progresista como la mostrada en Cuba o Argentina, ganarse la simpatía de muchos ciudadanos del mundo. ...'
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Europe’s Emerging Bubbles (HWS): '....Alemania, la mayor economía de Europa, ha estado experimentando un auge masivo de las propiedades desde el año 2010, que hizo que los precios promedios de las viviendas urbanas aumentaran en más de un tercio – y en casi la mitad en las grandes ciudades.....'
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The European Central Bank’s recent policy moves have shocked many observers. But they are just the latest in a string of efforts by the ECB to address the fallout of the collapse of a massive bubble – efforts that have served only to fuel more bubbles.
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Economics in a Time of Political Instability.
SPENCE & BRADY: '...En otro nivel, es difícil no percibir esto como un ciclo destructivo que se retroalimenta. La inestabilidad política reduce la probabilidad de definir e implementar una agenda de políticas económicas razonablemente integral, coherente y sostenida. El bajo crecimiento, elevado desempleo y creciente desigualdad que resultan de ella alimentan la inestabilidad y la fragmentación políticas, que socavan aún más la capacidad de los funcionarios para implementar políticas económicas eficaces.....'
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Over the last 35 years, the Western democracies have seen a rapid rise in political instability, driven at least partly by economic transformation and hardship. The question now is how to improve economic performance at a time when political instability is impeding effective policymaking.
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DANIEL GROS: (Interesante e innovador= '....Hay dos problemas principales con el actual abordaje de los bancos centrales. En primer lugar, los bancos centrales se centran en los precios al consumidor, y dichos precios son el objetivo equivocado. Los precios al consumidor están cayendo por una razón muy simple: los precios de la energía y de otras materias primas han disminuido, en más de la mitad, durante los últimos dos años. El descenso de dichos precios es, por lo tanto, temporal, y los bancos centrales deberían mirar más allá de dicha disminución, de manera similar a cuando ellos miraron más allá del aumento de los precios al consumidor durante la época en la que los precios del petróleo estaban en alza.
Por el contrario, los bancos centrales deberían centrarse en la tasa de aumento de los ingresos, que se mide como el crecimiento del PIB nominal; al fin de cuentas, esto es lo que es de importancia para las empresas y los gobiernos que se encuentran altamente endeudados. Según lo que muestra esta medida, no hay deflación: El índice de precios del PIB (llamado deflactor del PIB) en los países desarrollados está aumentando en un 1 a 1,5%, en promedio. ..'
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Central banks throughout the developed world have been overwhelmed by the fear of deflation. They shouldn’t be: Across the developed world, financing conditions are extremely favorable; the broadest price indices are increasing steadily; GDP continues to grow; and the labor market is improving.
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Europe Versus the Islamic State (MOISI):'...If terrorists are targeting Europe, it is because they believe Europe is the West’s weak link. For its own sake, Europe must prove them wrong. The only way to do that is to stop allowing the emotional desire to hide behind nationalist claims to overwhelm the rational recognition that united action is the only way to be safer....'
As the terrorist attacks in Paris and Brussels have starkly demonstrated, if there was ever a moment since the end of WWII when Europe needed to take charge of its security, it is now. Terrorists are targeting Europe, because they believe Europe is the West's weak link; for its own sake, Europe must prove them wrong.
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But what when the united action doesn't happen? ...as it hasn't... Continue pretending it'll happen in the future?
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The Brexit Muddle (EL ERIAN):'....para Gran Bretaña la mejor apuesta sería quedarse en la UE, pues podría evitar las casi seguras perturbaciones que ocurrirían en el corto plazo, hacerse con las concesiones que Cameron ya ha logrado y mantener abiertas sus opciones de futuro, especialmente a medida que evoluciona la propia UE. Pero eso no quiere decir que no sea un juego de azar. Después de todo, el pragmatismo no siempre genera los resultados deseados....'
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In the UK, the question of whether to remain in the EU is dominating the media, boardroom discussions, and dinner conversations. While slogans and soundbites tend to capture most of the attention, deeper issues in play leave the outcome of the June 23 referendum subject to a high degree of uncertainty.
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Tribuna | La izquierda pija (JAVIER CERCAS)
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La izquierda pija tiende al sentimentalismo y al moralismo, que son prostituciones del sentimiento y de la moral.
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Toca reformar ya el sistema de financiación autonómico de régimen común al tiempo que se va cerrando el grifo del Fondo de Liquidez Autonómica....
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España incumple...déficit SS, principal causa de la desviación (Diez)
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Have him in circles
132 people
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Pedro Martinez de Alegría's profile photo
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iñaki caminos otermin's +1's are the things they like, agree with, or want to recommend.
Rediscovering Fiscal Policy at the G7 by Jeffrey Frankel - Project Syndi...
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As long as we have an economic system that produces economic growth by rewarding inspired actors and investors, we will face the risk that t

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The central banks of major advanced economies have been navigating uncharted territory in recent years, deploying a range of unconventional

Time for Helicopter Money? by Kemal Derviş - Project Syndicate
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With swollen balance sheets and near-zero (if not negative) interest rates, central banks seem to have run out of ammunition. But policymake

The Economic Consequences of Brexit by Philippe Legrain - Project Syndicate
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Our current methods of calculation treat so-called helicopter money – the injection of funds into the economy by the central bank – as a tem

Monopoly’s New Era by Joseph E. Stiglitz - Project Syndicate
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For 200 years, there have been two broad approaches to understanding what determines the distribution of income – and how the economy functi

Fairness and Free Trade by Dani Rodrik - Project Syndicate
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This year, the US and the EU must decide whether they will begin to treat China as a “market economy” in their trade policies. Unfortunately

Britain’s Enemy Within by Harold James - Project Syndicate
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Britain's decision to use a referendum to settle the question of its membership in the EU is often portrayed as a victory for democracy. The

Helicopters on a Leash by Adair Turner - Project Syndicate
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Monetary finance – or "helicopter drops" of newly printed cash – is the one policy that will always stimulate nominal demand, even when othe

Time for Debt Reduction in Greece by Mohamed A. El-Erian - Project Syndi...
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Should Britain Leave the EU? by Michael J. Boskin - Project Syndicate
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The UK will vote in June on whether or not to remain in the EU. If British voters are to make the right choice, they will have to cut throug

The Risks of China’s Failure – and Success by Arvind Subramanian - Proje...
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China is the one country that might be able to jump-start the sputtering global economy’s recovery; and yet its own economic growth is based

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One reason for the lingering effects of the 2008 financial crisis is central banks' continued reliance on a flawed economic model. As long a

Russia’s Middle East Success by Shlomo Ben-Ami - Project Syndicate
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After years on the sidelines, Russia is back at the center of the Middle East geostrategic game. Indeed, against the background of an equivo

A British Bridge for a Divided Europe by Robert Skidelsky - Project Synd...
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The primary argument for a British exit from the European Union is that the UK would be better off leaving the continent's political and eco

The Brexit Alarm by Barry Eichengreen - Project Syndicate
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The British campaign to leave the European Union is tapping into the same primordial sentiments as Donald Trump is in the US. Exposure to in

The Deflation Bogeyman by Daniel Gros - Project Syndicate
www.project-syndicate.org

Central banks throughout the developed world have been overwhelmed by the fear of deflation. They shouldn’t be: Across the developed world,

Anti-Trade America? by Kenneth Rogoff - Project Syndicate
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The rise of anti-trade populism in the US presidential election campaign portends a dangerous retreat from the country's role in world affai