Agora
Posts in Europe
Podcast - Understanding Erdogan's foreign policy
The Agora takes a look at what is happening just across the Aegean from Greece, where Turkish President Recep Tayyip Erdogan is back for a third term and already prompting questions about whether he is shifting his foreign policy.
Contributor: Agora Podcast
Categories: Europe (293), Politics (410), Greece (523)
Podcast - Lost at sea: The Pylos shipwreck and its aftermath
On the night of June 14, a fishing boat called the Adriana, packed with hundreds of migrants who had paid traffickers to get them from Libya to Italy, sank in the deep waters of the Mediterranean, about 90 kilometers southwest of the town of Pylos in the Peloponnese.
Contributor: Agora Podcast
Categories: Europe (293), Politics (410), Society (149), Greece (523)
Does the EU Commission suffer from optimism bias? (Part 2)
In the previous blog we expressed concern that the European Commission may suffer from an optimism bias. We noted that the long-run outlook for real GDP growth in the EU27 as a whole appeared to be based on too-favorable labor productivity growth assumptions.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (293), Economy (345)
Does the EU Commission suffer from optimism bias? (Part 1)
This blog post is based on Chapter 8 of a new book: “The Macroeconomy of the European Union,” by Bob Traa, available on Amazon.com. The book examines structural considerations for potential growth, fiscal and debt developments, and the fiscal rules in the EU27 and in each individual member state, including Greece.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (293), Economy (345)
Reflections on Greece's balance of payments
The current account. We can think of GDP as income (Y) from the production and supply of goods and services: production determines “income.” On the demand side, we can distinguish four categories: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (293), Economy (345), Greece (523)