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Tag Archives: COVID-19

Five ways health systems have changed over the last three decades

The Covid-19 pandemic has shone a light on the differences between health systems across the world. But how have health systems changed over recent decades? Drawing on a new book, Federico Toth highlights five key reform trends that have shaped the delivery of health care during the last thirty years. In the field of health policies, truly radical and pathbreaking reforms are rare events. Each national healthcare system has its own imprinting, which tends to be preserved over time....

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Learning to love the technocrats again: Why the world needs expertise now more than ever

The last few decades have seen intense scrutiny of the role of experts in policymaking. Yet issues like climate change and the Covid-19 pandemic appear impossible to address without following scientific expertise. Jens Steffek argues humanity has little choice but to empower expert-led international organisations to tackle the challenges of the future. Populism has dealt a hard blow to international organisations and the European Union in particular. Populists of the right, but also a...

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Pandemic prevention: avoiding another cycle of ‘panic and neglect’

Agreement is needed at international level on mechanisms to ensure better preparedness for the next pandemic. COVID-19 proved a surprise for most of the world despite a trend of increasingly frequent pathogen outbreaks in the last 40 years. Scientists warn the trend will continue. But pandemic crises typically suffer from a ‘panic-and-neglect’ cycle, in which global measures to prevent and prepare for future pandemics remain chronically deficient. Will COVID-19 be any different? It should be...

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Letter: Declining investment may explain why rates are low

Monetary and macroeconomic policies at the crossroads Bruegel Annual Meetings, Day 2- In this session we would like to discuss monetary and macroeconomic policies after Covid-19. Speakers: Grégory Claeys, Per Callesen, Gita Gopinath, Jorge Sicilia Serrano and Lawrence H. Summers Topic: Finance & Financial Regulation Location: PALAIS DES ACADEMIES, RUE DUCALE 1 Date: September 2, 2021

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What Evergrande signals about China’s economic future

Monetary arithmetic and inflation risk Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. This was possible due to decreasing money velocity and the money multiplier. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance. By: Marek Dabrowski Topic: European Macroeconomics &...

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Monetary arithmetic and inflation risk

Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. This was possible due to decreasing money velocity and the money multiplier. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance. By: Marek Dabrowski Date: September 28, 2021 Topic: European Macroeconomics & Governance...

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The pandemic’s uncertain impact on productivity

The pandemic has certainly permanently affected our way of working. Whether this is for the better remains to be seen. By: Maria Demertzis Date: September 28, 2021 Topic: European Macroeconomics & Governance A Greek language version of this piece was published in the Money Review section of Kathimerini and a Spanish version is forthcoming in El Economista. Support provided to firms to protect economic activity and employment during the pandemic has been unprecedented in...

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How Boris Johnson ‘fixed social care’ – and what could have been fixed better

The UK has announced a new health and social care levy that will see national insurance contributions rise by 1.25% for both employees and employers. Bernard H Casey draws on the experiences of Germany and Japan, where contributions dedicated to paying for care are raised. He also assesses whether a better approach may be possible. Boris Johnson not only broke his party’s election promises when he announced his solution for dealing with the problem of long-term care – no tax rises – he...

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What the pandemic can teach us about political philosophy

Eighteen months after Covid-19 reached Europe, we can begin to reflect on the ethical dimensions of the pandemic. Aveek Bhattacharya and Fay Niker, co-editor of a new book, Political Philosophy in a Pandemic: Routes to a More Just Future, introduce some of its ideas. Back in April 2020, in the period we now look back on as “the first lockdown”, we gathered together some early reflections from philosophers and political theorists on the ethical dimensions of the developing Covid-19...

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What economic nationalism is and what it is not

The Covid-19 pandemic has led to several European governments implementing measures to protect their domestic industries. But are these actions pragmatic responses to the crisis or a form of economic nationalism? Nils Oellerich argues that accusations of economic nationalism are often rooted in a misunderstanding of nationalist ideology that fails to do justice to the different political objectives pursued by left-wing and right-wing political forces. Whenever governments urge their...

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