globalisation

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Blog Post

Silvia Merler

The decline of the labour share of income

What’s at stake: at odds with the conventional wisdom of constant factor shares, the portion of national income accruing to labour has been trending downward in the last three decades. This phenomenon has been linked to globalisation as well as to the change in the technological landscape - particularly “robotisation”. We review the recent literature on this issue.

By: Silvia Merler Topic: Global Economics & Governance Date: April 24, 2017
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Opinion

Guntram B. Wolff

Europe needs to react to Trump’s trade agenda – four urgent questions

It seems increasingly likely that President Trump will govern according to the values of his campaign. On trade, this might lead to major disturbances in the global rules-based order. The EU needs to decide how it will react, and it needs to decide fast.

By: Guntram B. Wolff Topic: Global Economics & Governance Date: January 26, 2017
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Blog Post

Silvia Merler

Compensating the “losers” of globalisation

What’s at stake: According to some, 2016’s political turmoil shows that the so-called “losers” of globalisation are striking back. There is, however, little agreement on how government should respond to this challenge.

By: Silvia Merler Topic: European Macroeconomics & Governance Date: January 9, 2017
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Past Event

Past Event

The role of market definition in a globalised economy

Have competition authorities kept up with globalisation? Geographic market definition is one of the most pressing issues.

Speakers: Raphaël de Coninck, Giulio Federico, Amelia Fletcher, Hans W. Friederiszick, Bruce Lyons, J. Scott Marcus and Volker Stapper Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 30, 2016
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Blog Post

Jérémie Cohen-Setton

The rebellion of globalisation’s losers

What’s at stake: The prevailing narrative for the rise of anti-establishment politicians is that advocates of integration vastly underestimated the plight of globalization’s losers.

By: Jérémie Cohen-Setton Topic: Global Economics & Governance Date: May 9, 2016
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Blog Post

Jérémie Cohen-Setton

The trade-backlash explanation of Trump & Sanders

What’s at stake: The success of presidential candidates Donald Trump and Bernie Sanders has had bloggers wondered whether the backlash against globalization is eventually getting political traction.

By: Jérémie Cohen-Setton Topic: Global Economics & Governance Date: March 21, 2016
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Blog Post

Grégory Claeys
Guntram B. Wolff

Have central banks lost their ability to control inflation?

The potential effects of global integration on inflation dynamics, and whether this could affect the ability of central banks to fulfil their mandates.

By: Grégory Claeys and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: December 1, 2015
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Policy Contribution

Is globalisation reducing the ability of central banks to control inflation?European Parliament

Is globalisation reducing the ability of central banks to control inflation?

This Policy Contribution reviews the impact of globalisation on inflation dynamics, and it analyses whether and how this affects the ability of central banks to influence inflation.

By: Grégory Claeys and Guntram B. Wolff Topic: European Macroeconomics & Governance, European Parliament, Global Economics & Governance, Testimonies Date: November 12, 2015
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Blog Post

Carlo Altomonte
Colantone
Elena Zaurino

Has globalisation 'peaked'? Trade and GDP growth in the post-crisis context

Is the ‘Global Trade Slowdown’ a signal that globalisation has structurally 'peaked', and thus we should expect a stagnation of trade growth also in the future? Or is the slowdown just the result of cyclical drivers, e.g. the fragile European recovery and slower growth in China?

By: Carlo Altomonte, Italo Colantone and Elena Zaurino Topic: Global Economics & Governance Date: September 7, 2015