Macroeconomics & the euro

The spectre of default stalks the eurozone file thumbnail

The spectre of default stalks the eurozone

24 July 2013
A popular narrative has taken hold across much of the eurozone. The economic situation, so the story goes, is improving, or at least bottoming out, and the necessary institutional reforms are being put in place.
Don't let England's poujadists kill London's golden goose

Don't let England's poujadists kill London's golden goose

08 July 2013
London keeps Britain afloat. But the city's wealth is dependent on its openness to immigrants, which is threatened by the country's increasingly hysterical immigration debate.
Can national parliaments make the EU legitimate?

Can national parliaments make the EU more legitimate?

10 June 2013
The euro crisis has hit the EU's legitimacy. Part of the answer is to give national parliamentarians a bigger role in the EU.
The CER commission on the UK and the single market

The CER commission on the UK and the single market

07 June 2013
The CER's commission was launched this week. Policy experts, economists and business people will examine the economic case for and against EU membership.
Why the has eurozone's recovery been weaker than the US's?

Why has the eurozone's recovery been weaker than the US's?

Philip Whyte
24 May 2013
The eurozone has experienced a much weaker economic recovery than the US since 2009. The reason is that it has made more glaring policy mistakes.
A dose of inflation would help the eurozone medicine go down

A dose of inflation would help the eurozone medicine go down

16 May 2013
Eurozone policy-makers are complacent about the risks of low inflation. If the euro is to survive, inflation will need to rise significantly, especially in Germany.
European austerity: Turn or TINA?

European austerity: Turn or TINA?

25 April 2013
Despite the overwhelming weight of evidence, both empirical and theoretical, many policy-makers will continue to trot out Margaret Thatcher's favourite line: there is no alternative.
It’s the politics, stupid!

It's the politics, stupid!

25 March 2013
Many economists have been accused of being too gloomy about the euro because they underestimate the degree of political commitment that eurozone countries have made to the euro.
Do Britain's European ties damage its prosperity?

Do Britain's European ties damage its prosperity?

Philip Whyte
22 March 2013
Leaving the EU would not resolve Britain's economic difficulties, which are mostly home-grown. However, it could turn Britain into a more closed economy.
Freeing the transatlantic economy – prospects, benefits and pitfalls

Freeing the transatlantic economy – prospects, benefits and pitfalls

Philip Whyte
20 February 2013
The EU and the US would benefit from freeing up transatlantic commerce. To succeed, they must agree some rules of engagement and stick to them.
Why British prosperity is hobbled by a rigged land market

Why British prosperity is hobbled by a rigged land market

13 February 2013
The British have the least living space, highest office rents and most congested infrastructure in the EU-15. A rigged market for land is to blame.
Eurozone slump derails Britain's economic strategy thumbnail

Eurozone slump derails Britain's economic strategy

28 January 2013
The British government's drive to rebalance the UK economy has foundered on falling exports to the EU; UK exports to the rest of the world are booming.
the ECB done enough to save the euro?

Has the ECB done enough to save the euro?

25 January 2013
The ECB may have done enough to stop euro break-up for now, but markets are likely to test its willingness to buy government debt.
Europe places too much faith in supply-side policies

Europe places too much faith in supply-side policies

18 January 2013
The damage done to Europe's growth potential by very low investment and mass unemployment is likely to offset the benefits of structural reforms.
Asia's fading economic miracle

Asia's fading economic miracle

George Magnus
11 January 2013
Prediction is not destiny. Without vigorous reforms and stronger institutions, many Asian economies will struggle to transform themselves from middle income to wealthy countries.
Sound public finances require more than low budget deficits

Sound public finances require more than low budget deficits

04 January 2013
Small budget deficits are no guarantee of sustainable public finances: Europe needs higher inflation and growth if it is to stem the rise in public debt.
Austerity report

Europe's future in an age of austerity

18 December 2012
The CER invited leading economists and policy-makers to debate the implications of fiscal austerity for economic, political and monetary stability.