Martin Myant of the European Trade Union Institute presents evidence from a new book analysing national responses to the eurozone crisis which shows that the European Commission’s gauge of competitiveness – Unit Labour Costs – was the wrong measure and contributed to disastrous policies which deepened the recession. The solution, he says, is to focus on improving competitiveness by […]
by Bob Hancké, LSE
The debate is slowly getting on: the FT’s original criticism of Piketty’s data is here. Piketty himself replied to AFP here.
So far there is a little detail on the accusations beside a few transcription errors and a formula wrong here and there (not insignificant, but not that surprising either, given the amount of data), a lot […]
By Steve Coulter, LSE What a difference a decade or so makes. When the last round of WTO trade talks was underway in the early 2000s, opinion was split on whether it would supercharge world growth or destroy our entire way of life. By contrast, today’s ongoing discussion between the EU and USA on the Trans-Atlantic Trade and Investment Partnership […]