Is the European crisis over? By no means, according to economist and journalist Carlo Bastasin. In fact, the problems that developed between 2008 and 2011 -described in the first edition of Saving Europe - have grown more insidious. The crisis originated when national governments failed to act...

Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...

The euro area experienced a slowdown in output and Total Factor Productivity growth in the 1990s compared to the 1980s. We ask the following questions. Is the apparent slowdown in euro area output due to a lack of proper accounting for capital quality improvement? The answer is no. Did...