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Migration, myths and mobility

Migration from new member states to richer countries within the EU has raised concerns that migrants tend to abuse the welfare state. This is not the case, but to help defuse such sentiments the EU should construct a mobility assistance scheme based on migrants receiving benefits in the country where they pay taxes Read more

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A Bund-buying spree for the ECB?

A European Central Bank programme of Quantitative Easing based on German government bonds would be a useful move. It would help to eliminate structural imbalances and push up the price of other eurozone assets Read more

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Spain: a question of control

The role of the controller within Spanish government has recently been enhanced by new legislation. Hopes are high that this will improve accountability and independence at municipal level, leading to more rigorous financial and budgetary control Read more

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Banks, bonuses and balance sheets

IMF research shows the high level of subsidies paid to banks deemed too important to fail. Until the political will to take on the industry is found, we will effectively each continue to fund bankers’ bonuses Read more

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Breaking the tapering news

The ‘tapering’ of the Federal Reserve’s quantitative easing policy has had a significant effect on emerging markets. But the precise impact depends a lot on the underlying strengths and weaknesses of emerging economies – and who is delivering the tapering news Read more

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US economics by other means

A decision on party funding by the US Supreme Court reflects a strangehold on politics by corporate interests. It is holding back progress in tackling the country’s huge economic problems Read more

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US financial reporting taken to task

Paul Volcker and Dick Ravitch’s State Budget Crisis Task Force has suggested ways to improve US government financial reporting. Let’s hope these two savvy political players can make a difference to a problem that has been obvious for many years Read more

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End of the American dream?

The chair of the Federal Reserve wants to restore normality to the US economy by tapering its quantitative easing programme and raising interest rates. This is the right policy objective, but there are huge risks Read more

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How US bonds could help the eurozone

The eurozone needs a dose of QE to help periphery countries avoid painful deflation. The best way the ECB can do this is by buying US treasury securities Read more

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The true cost of pre-election promises

Pre-election costing of the policies of political parties can produce a more informed public debate. Evidence from Ireland, Australia and the Netherlands shows the benefits both to citizens and politicians Read more

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