Monopolies using their market power to suppress competition and raise prices pose a genuine threat to GDP growth. They can hurt it as much as poor economic policy, says Professor Jonathan B. Baker from the American University Washington College of Law.
Poland relies primarily on coal as a source of energy, but at the same time was one of the first to emit so-called green bonds in 2016, says Roger Gifford, a British banker and the former mayor of the City of London financial district.
The economy needs inflation. Striving for optimal inflation means striving for economic growth. The ECB is struggling to meet its inflation target and there is nothing more to resort to if the recession finally comes, says Prof. Klaus Adam.
FDI were perceived as exploiters and poisoners, but investors have developed their policies in the social responsibility of business to fight this perception, and they partly succeeded, said prof. Beata Javorcik.
Setting up the Eurozone without establishing an asset that would guarantee its stability was a mistake, says Professor Ricardo Reis from the London School of Economics.
Critics believe that the internet is mostly used to promote low culture but thanks to the digital revolution culture is experiencing a revival,” says Professor Joel Waldfogel, economist at the University of Minnesota.
“If we were to only take into account the wishes of selected members of the Eurozone, we could act faster, but that is impossible,” says Ewald Nowotny, the Governor of the Austria’s central bank, OeNB.
“In good economic times, all market participants become too complacent. But the complacency and insufficient knowledge that are the causes of crises,” said Prof. Daniel Sichel, a former Fed employee.
The EUR is an unfinished project and it’s possible that the Eurozone cannot function on a permanent basis at all, warns Thomas Mayer, the former chief economist at Deutsche Bank.
Most countries of Western Europe used various types of austerity programs aimed at reducing the budget deficit in order to get out of economic trouble. Professor Alberto Alesina, an economist from Harvard University, examined which of these measures worked best.