• Gender-mainstreaming in Italy: When assets are considered liabilities

    Gender-mainstreaming in Italy: When assets are considered liabilities0

    Gender-mainstreaming means bringing the interests of women and men to bear on the policy agenda to achieve gender equality. In spite of the literature quantifying the positive impact of higher female employment on fiscal sustainability and growth, Italy moves slow.

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  • The 500 Euro banknote nightmare

    The 500 Euro banknote nightmare4

    On May 4th 2016, the European Central Bank has decided to permanently end the production of the €500 banknote by the end of 2018. On the other hand, the circulating €500 banknotes will still remain legal tender and retain their value even after 2018. What’s behind such decision and what are the consequences for the European citizens? Is it feasible for us to have a €500 banknote in our wallet and exchange it within the European Monetary Union? Well, it might depend…

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  • Policy dead-end: Central Banks’ continued use of DSGE Models

    Policy dead-end: Central Banks’ continued use of DSGE Models0

    The financial crisis ushered in an era where monetary policy has been disproportionately tasked with mending a sluggish economy. Central banks have taken, far from their original remit, extraordinary, and historically unprecedented steps in an attempt to boost economic activity, stabilise financial markets and spur inflation. With central banks wielding ever-greater influence on economic policy, the continued use of questionable policy-setting models, such as the Dynamic Stochastic General Equilibrium or DSGE model, should be reviewed.

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