How Serious Politics Must Counter Populism
Plus: Proportional Representation | Public Debt | Divergence
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In this issue:
- How Serious Politics Must Counter Populism
- Is Proportional Representation a Cure for Democratic Discontent?
- Public Debt and the Risk Premium: A Dangerous Doom Loop
- Sectoral Reallocations, Real Estate Shocks and Productivity Divergence in Europe
- Plus EconPol events and all the latest news from our partners
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EconPol contributes evidence-based research to help solve the pressing economic and fiscal policy issues facing the European Union. The policy briefs, policy reports and working papers we issue from our network of 14 European institutions inform debate and intensify and deepen cross-border research and cooperation in Europe.
To sign up to receive our publications and press releases as they are issued, email Juliet Shaw at shaw@econpol.eu
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How Serious Politics Must Counter Populism
How Serious Politics Must Counter PopulismEconPol’s speaker Clemens Fuest says moderate politicians should compete with populists by offering realistic perspectives, and suggests Emmanuel Macron can serve as a role model in that regard. He also suggests that politics in Europe would benefit from putting in more effort to explain complex economic policy problems and pointing out where government action reaches its limits.
EconPol opinion 19
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Is Proportional Representation a Cure for Democratic Discontent?
Public dissatisfaction with politicians and representative democracy is widespread in Europe and should not be taken lightly. The enduring protest of the ‘Yellow Vests’ in France is just one prominent example of the popular view that elections regularly fail to select governments that are reliably responsive to the preferences of a large part of the population. EconPol researcher Michael Becher (IAST) says resolving this dilemma requires a value judgement.
EconPol opinion 20
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Public Debt and the Risk Premium: A Dangerous Doom Loop
The view that deficits and higher public debt can be beneficial received an important boost via Olivier Blanchard’s 2019 presidential address at the American Economic Association (Blanchard 2019). In this opinion piece, which first appeared on VoxEU, Cinzia Alcidi and Daniel Gros examine Blanchard’s analysis and the longer-term link between risk premia and public finances.
EconPol opinion 21
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Sectoral Reallocations, Real Estate Shocks and Productivity Divergence in Europe
The creation of the European Monetary Union (EMU) in 1999 was expected to become a catalyst for real convergence in Europe. However, the authors of this policy report find that real divergence actually increased from the early 1990s, as evidenced by low productivity growth in the "periphery" of the Euro area relative to "core" countries. The report investigates the role of sectoral reallocation in this divergence, focusing on three archetypal countries: France, Germany, and Spain.
EconPol policy report 15
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May saw the first in a regular series of joint lunch debates with CEPS in Brussels. Parliamentarians and policy makers joined researchers from CEPS and EconPol to discuss emigration from European welfare states and how it can be expected to affect their fiscal and political sustainability.
You can see the slides presented by EconPol’s speaker at the event, Prof. Panu Poutvaara, on our event page.
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EconPol Europe is a cross-border voice for research in Europe, providing research-based contributions aimed at promoting growth, prosperity and social cohesion in Europe and, in particular, the European and Monetary Union. Our mission is to contribute our research findings to help solve the pressing economic and fiscal policy issues facing the European Union, and to anchor more deeply the idea of a united Europe within member states.
Our joint interdisciplinary research covers:
• sustainable growth and best practice,
• reform of EU policies and the EU budget,
• capital markets and the regulation of the financial sector and
• governance and macroeconomic policy in the European Monetary Union.
If you would like further information about EconPol Europe, please contact Juliet Shaw at shaw@econpol.eu
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