“The real challenge [deriving from the Eurozone crisis] is not just to work out the most efficient economic solution or the most persuasive political one, but to find a new narrative for the European Union, one that will give its inhabitants a new sense of identity and purpose.” This is the main thesis of Prof. Dennis Snower’s blog post, in which he elaborates on this issue and how to master that challenge.
The Effects of Monetary Policy during Financial Crises: Initially Useful, but Subsequently Largely Ineffective
The effects of monetary policy during financial crises can dramatically differ from normal times. If central banks do not take this into consideration, their policies may lead to huge welfare losses. In a study, three researchers from the Kiel Institute for the World Economy investigated the financial policies of the past 30 years for 20 major economies.
Kristine and Douglas Tompkins, founders of Esprit and The North Face, were very successful in their businesses. Nowadays, their focus has shifted and their goal is now to preserve nature wherever they can. At the 2015 Global Economy Prize, we interviewed them on their perspectives on the relationship between business success and environmental protection.
Desert2Eden: Let’s restore and develop degraded land in arid regions—and meet the sustainable development goals at the same time!
Christian Berg is Professor for Sustainability and Global Change at Clausthal University of Technology, Germany. In his blog post he explains the difficulties to meet the goals for a sustainable development and presents a new option to master these goals. By using the currently unused potential of deserts, based on his program Deserts2Eden.
Sir Christopher Pissarides is Professor of Economics at the London School of Economics and Professor of European Studies at the University of Cyprus. At the presentation of the 2015 Global Economy Prize, we asked for his thoughts on the GES 2015 motto “Values to Guide Economies”.
Hundreds of thousands of immigrants have come and still are coming to Europe. Politicians speak of a “fortress Europe”, closing borders with wired fences, controlling and limiting the migration. In his guest blog post, journalist Philippe Legrain takes a different stand point. History has shown that a free migration leads to less permanent immigration.