It is often said that the Eurozone's unemployment problem arises from the fact that it is not an optimum currency area. But the real problem is Eurozone governance.
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Draghi's Jackson Hole speech is about the tragedy of long-term unemployment. He calls for fundamental reform of the Eurozone's institutional structure.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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RT @Frances_Coppola: New CC post. The trade effect of negative interest rates: https://t.co/H3DzXMDW1T Really wish economists would think a…
A New Deal for Europe - https://t.co/RWO9ECcoO5
"Unelectable" - https://t.co/vVHIAJ1RCF
RT @NIESRorg: @anatadmati writes in our Economic Review on the problems & flaws with capital regulation. Read it here for free: https://t.c…
RT @nextwavefutures: Fun list by @diane1859 of what the educated young person might want to read. Don’t skip the Comments. https://t.co/yNt…