The G20 has produced mixed results. After initial high hopes and some success, negotiations within the G20 forum have slowed, progress is less visible and disagreement rather than agreement has come to the fore. Against this background, this paper revisits the basic economic and geopolitical...

In a way few predicted only weeks ago, reality is knocking at the G20â??s door: the European debt crisis has taken a turn that threatens the global economy. The plans for the next meeting of heads of state or government, convened for November 3 and 4 at Cannes, need rethinking. Still today, the...

The clock is ticking for the G20. Not a new actor on the international stage â?? it met for the first time in 1998, after the Asian and Russian defaults â?? the G20 has dramatically raised its profile recently, as a consequence of the financial crisis and the international recession. In its...

The goal of this paper is to evaluate the attribution of policy prerogatives to European Union level institutions and compare them to the implications of normative policy models and to the preferences of European citizens. For this purpose we construct a set of indicators to measure the...

There is much confusion in the economics literature on wage determination and the employment–inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using the model of Angeloni and Faia (2010), that combines a standard DSGE framework with a fragile banking sector, suitably modified and calibrated for the euro area. Credibly announced and fast fiscal...

The analyses of intersectoral linkages of Leontief (1941)and Hirschman (1958) provide a natural way to study the transmission of risk among interconnected banks and to measure their systemic importance. In this paper we show how classic input-output analysis can be applied to banking and how to...