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Giuseppe Porcaro
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Tweeting the Italian referendum: the hashtag war

An analysis of a total of 26 431 tweets between 23 and 25 November confirms the tendency towards a NO sentiment expressed in polls.

By: Giuseppe Porcaro, Henrik Müller and Gerret von Nordheim Topic: European Macroeconomics & Governance Date: November 25, 2016
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Opinion

Simone Tagliapietra

Più energia alla cooperazione

L'attuale crisi migratoria e gli altri devastanti postumi delle cosiddette “Primavere arabe” illustrano in modo tragico, ma chiaro, la necessità di un nuovo approccio di cooperazione da parte dell’Europa nell’area del Mediterraneo. L’Europa deve urgentemente ripensare le proprie politiche nell’area, al fine di contribuire in modo concreto e sostenibile allo sviluppo economico dei Paesi sud: l’unico vero rimedio strutturale alle attuali problematiche.

By: Simone Tagliapietra Topic: Energy & Climate Date: November 24, 2016
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Canete Image

Clean Energy for all Europeans

Speech by the European Commissioner for Climate Action and Energy, Miguel Arias Cañete, at Bruegel on 24 November 2016

By: Miguel Arias Cañete Topic: Energy & Climate Date: November 24, 2016
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Opinion

Alicia García-Herrero

South Korea and Indonesia: a capital match

Mutually beneficial Jakarta-Seoul relationship could develop further with an upgrade in Jakarta’s sovereign debt.

By: Alicia García-Herrero Topic: Finance & Financial Regulation, Global Economics & Governance Date: November 23, 2016
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Zsolt Darvas

Income inequality has been falling in the EU

The properly measured EU-wide Gini coefficient of disposable income inequality shows that inequality in the EU as whole declined in 1994-2008, after which it remained broadly stable. However, within the EU, there are large differences in income inequality which require policy action.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: November 23, 2016

3 hours ago

Public #debt in most advanced economies is reaching sky-high levels. What are the risks & what should be done?… https://t.co/bFu72XhnBz

5 hours ago

How did he do it? "Donald #Trump performed more strongly in states with higher income #inequality..."… https://t.co/XN8oDwYlI9

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Pia Hüttl
Silvia Merler

An update: Sovereign bond holdings in the euro area – the impact of QE

Since the ECB’s announcement of its QE programme in January 2015, national central banks have been buying government and national agency bonds. In this post we look at the effect of QE on sectoral holdings of government bonds, based on our recently updated dataset.

By: Pia Hüttl and Silvia Merler Topic: European Macroeconomics & Governance Date: November 22, 2016
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IMG_20151119_103626

Search engines, big data and network effects

Search engines are intermediaries in a two-way market between users and advertisers. Their huge stocks of data about users and their preferences can help search engines offer better services to all parties. But does this make market entry difficult for new players? And can we see network effects emerging in the search engine market?

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: November 22, 2016
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sd-12177-_0028bea2-web

Credit recovery in Spain: NPL resolution was essential, but success depended on broader sector reform

Growth in Spain again exceeded expectations this year, and bank deleveraging appears to have reached an end. Addressing non-performing loans was a precondition for recovery, and it required comprehensive financial sector reform.

By: Alexander Lehmann Topic: European Macroeconomics & Governance Date: November 21, 2016
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Blog Post

Silvia Merler

Trumpocalypse now: first reactions

What’s at stake: this question should probably be re-formulated as “what’s NOT at stake?” On Tuesday 8 November, the US elected Donald Trump as its next President. Several aspects of Trump’s political and economic agenda appear extreme (we have previously focused on his stance on trade). After the initial shock, we review economists’ opinions on what has happened and what may happen. We will be coming back to this topic regularly.

By: Silvia Merler Topic: Global Economics & Governance Date: November 21, 2016
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IMG_1985

Renzi is going all in on the Constitutional referendum: what are the (updated) odds?

Italians are being called to the ballot boxes on 4 December to either confirm or reject Constitutional amendments put forward by the government. Alessio Terzi constructed a probabilistic model based on poll data to assess the likelihood of such an event.

By: Alessio Terzi Topic: European Macroeconomics & Governance Date: November 17, 2016
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Schoenmaker pic

Stealing London’s financial crown would bring both benefits and responsibilities

After Brexit, several major cities across the EU27 are looking to take over London's financial activity. While there are plenty of benefits in hosting a major financial centre, it also comes with significant risks and responsibilities.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: November 17, 2016
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Giuseppe Porcaro
hsbeziyq

Tweeting Brexit: Narrative building and sentiment analysis

Public discourse on social media was already in favour of Brexit by early summer 2015, and stayed that way until the referendum. An analysis of more than 890 000 tweets posted since 2012 reveals clear trends in the mood of online discussion. Our new methodology captures something that betting odds and opinion polls were not able to reveal – but will it be useful in future elections?

By: Giuseppe Porcaro and Henrik Müller Topic: European Macroeconomics & Governance Date: November 16, 2016
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