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Mark Carney’s first Reith Lecture

This morning I sat cuddled up with my dog to listen to the first Reith Lecture, given by Dr Mark Carney, the ex-Goldman Sachs, ex-Governor of the Bank of England.  It is one of the benefits of the current lockdown that we can sit in peace and broaden our minds.  There are many ways to broaden the mind, for instance we could receive the truth from well structured scientific investigations or might observe other people and their ideas.  Mark Carney's lecture was firmly in the second category. ...

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Covid-policies should focus on ‘health fundamentals’

The number of Covid-deaths per capita is converging towards a level which essentially is determined by what I have called ‘health fundamentals’ – or simply X*. Europe and the US have different health fundamentals – Europe is ‘older’ and the US is more obese. Over all I would actually expect more deaths in the US mostly because of obesity, but it is clear that Europe is caching up fast now – X (actually mortality) is moving fast towards X*. Despite new restrictions being put in place...

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Lukashenko, Putin and the protests: Why Belarus is being pulled further into Russia’s orbit

For almost four months, protesters have taken to the streets of Belarus demanding the resignation of President Alexander Lukashenko. Oleg Chupryna argues that with Lukashenko increasingly reliant on Vladimir Putin’s support, there is a risk Belarus could be pulled further under the influence of Russia. Belarus has witnessed months of protests against President Alexander Lukashenko, following presidential elections on 9 August which are widely perceived to have suffered from electoral...

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Using regulation to dismantle pyramidal business groups

Using regulation to dismantle pyramidal business groups: Evidence from the US, Japan, Korea and Israel Large business entities are often perceived as valuable players in the economy and the product of bold entrepreneurship and disruptive innovation. Nevertheless, they are sometimes regarded as too large, wielding excessive economic and political power that allows them to impede competition and shape regulation in their favour. This process may lead governments to...

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The role of managerial quality during the Great Recession

Gilbert Cette, Jimmy Lopez, Jacques Mairesse, Giuseppe Nicoletti 02 December 2020 The COVID-19 crisis has highlighted the importance of swift reorganisation of tasks and logistics in cushioning economic shocks. For instance, the ability to rapidly implement teleworking, reorganise supply chains to handle disruptions in deliveries of intermediate goods, and the ability to resort to online services to meet social distancing rules is likely to have played a...

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Building a Euro-area Budget Inside the EU Budget: Squaring the Circle?

As part of a volume on the Multiannual Financial Framework, the EUI recently published a chapter by Grégory Claeys on the creation of a euro area budget within the EU's budget. By: Grégory Claeys Date: December 1, 2020 Topic: European Macroeconomics & Governance This chapter was originally published on CADMUS for the European University Institute This chapter, part of an edited volume on the EU Multiannual Financial Framework 2021-2027, is the outcome a conference held in...

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The Internet: should it be Regulated?

In the past thirty years Governments in the UK have resolutely ignored the workings of the Internet and have taken the view that it is a "Good Thing".  Governments have seen their role as expediting the spread of the Net to every corner of the country.  It is time they did more.The Internet allows communication, trading, news, information provision, administration, publishing, remote monitoring and control, financial transactions and a social and gaming environment.  Each of these areas of...

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