Productivity takes 'Leave'? The effect of maternity and paternity leave policy on our lives and the economyThe CAGE-Warwick in Brussels Series, No. 4, 11th July 2018
Motherhood and professional advancements often conflict, with many sectors demonstrating gender disparities in senior ranks. One explanation for this inequality is the unequal caregiving responsibilities borne by women, particularly early in their children's lives.
The role of lobbying in political decision makingThe CAGE-Warwick in Brussels Series, No. 3, September 2017
Lobbying and interest groups play a high-profile role in many advanced countries’ political decision making. At the same time, public confidence in political institutions is at an all-time low in many countries with recent referenda and election results a reflection of this sentiment.
Argentina, Debt Relief, and Vultures What are the lessons for Europe?Marcus Miller, The CAGE-Warwick in Brussels Series, No. 2, May 2016
Sovereign debt continues to hang over the Eurozone. Debt burdens have limited the fiscal options of member states. Debt and default, actual and feared, have embittered the relations among them. The legacy of Argentina’s 2001 default provides a cautionary tale for the Eurozone. In a final settlement, Argentina’s long-term holdout creditors – so-called vulture funds - have secured full compensation for the bonds they acquired for a fraction of their face value, and more in other charges and penalties.
Is Secular Stagnation the Future of the Eurozone?Nicholas Crafts, The CAGE-Warwick in Brussels Series No. 1, March 2015
Recovery from the financial crisis remains very sluggish in the Euro Area. Fears are growing that growth prospects in Europe over the medium term are significantly worse than anyone would have thought before the crisis. The concept of ‘secular stagnation’, which dates back to the 1930s, has been revived and was recently the topic of a recent e-book (Teulings and Baldwin, 2014). Indeed, relative to pre-crisis levels, real GDP in the Eurozone countries is similar to that of the hapless economies that remained in the gold standard to the bitter end (the ‘gold bloc’) rather than that of those who left gold early and experienced a strong recovery by the mid-1930s (the ‘sterling bloc’).
Opportunities and challenges in fostering growth in the EUNicholas Crafts, Sascha Becker and Vera Troeger, The Brussels Podium Series, April 2015
This week's CAGE Podium saw the Warwick Econ and CAGE team composed of Professors Crafts, Troeger and Becker present their research findings to a Brussels audience. Attendants included high-rank officials from various Directorates of the EU Commission as well as members from national representations in Brussels. The discussion was moderated by Richard Tuffs, the Director of the European Regions Research and Innovation Network. The panel discussion after the policy presentations was composed of the three speakers as well as MEP Malcolm Harbour (Chairman of the Internal Market and Consumer Protection Committee), Mr Vasco Cal (Economic Adviser, Bureau of European Policy Advisers (BEPA), European Commission), Mr Olivier Debande (Senior Economist - European Investment Bank), and Mr Daniel Mouque (Evaluation and European Semester Unit, DG for Regional and Urban Policy, European Commission).
Designing A Central Bank For The 21st Century EurozoneProfessor Kris Mitchener and Dr Michael McMahon, The Brussels Podium Series, 10 February 2014
The ongoing financial crisis in the Eurozone has focused attention on designing central banking institutions that promote sustainable economic growth, high employment, stable public finances, and financial stability. However, debates over the direction of monetary policy and responses to sovereign debt and banking crises point to the challenges of balancing national interests with pan European or Eurozone objectives. Recent research on institutional design sheds new light on these trade-offs and provides lessons for how European monetary policymaking and bank supervision might look in the twenty-first century.
Insights into Enterprise in Developing CountriesDr Rocco Macchiavello and Professor Chris Woodruff, The Brussels Podium Series, 2 December 2013
A majority of the world’s population makes their living from small businesses in developing countries. But sustained growth is associated with creation of stable jobs in larger firms. From this perspective, the role of enterprise is central to the future of emerging economies. Economic growth and poverty elimination cannot take place without developing enterprise capabilities in poor countries.