Recommended Readings

Emigration and Its Economic Impact on Eastern Europe

A new IMF study showed that both workers and the receiving countries are beneficiaries of emigration while sending countries are experiencing negative impacts.

How much do countries benefit from membership in the EU?

Nauro F. Campos, Fabrizio Coricelli and Luigi Moretti on VOX about the impact of EU-membership on economic growth in national economies.

How is money really created?

Well, not necessarily as textbooks suggest, argue analysts of the Bank of England.

What should the Fed do?

What should the Fed do about significantly better than expected American jobs data? Nothing: Healthly job grotwh in October doesn’t get the economy back to the pre-crisis employment rate, write the editors of Bloomberg.com.

The mystery of economics

The awarding of a Nobel Prize to three economists with divergent views on the working of markets highlights a troubling truth – writes Bloomberg.com.

Fama, Hansen and Shiller wins Nobel prize in economics

Eugene Fama, Lars Peter Hansen and Robert Shiller share this year’s Nobel prize in economics. The Guardian’s article

Follow-up: The German minimum wage debate

What are now the prospects of an introduction of a nationwide minimum wage in Germany, given the Federal elections results? Bruegel institute looks into that

A. Gary Shilling: Why Fed Has Failed to Lower U.S. Unemployment

One of Wall Street’s most respected economists, A. Gary Shilling evaluates the biggest monetary policy failure of the Fed on Bloomberg.com

Peter Orszag: Why Are So Many College Graduates Driving Taxes?

Peter Orszag, the former head of Congressional Budget Office, staff member of the Clinton and Obama administration writes about inefficiencies of the American higher education system on Bloomberg.com

Hungarian Employment Policy from 1990 to 2010

The Budapest Institute published its comprehensive report on Hungarian employment policies in 1990-2010, titled from Pensions to Public Works – Hungarian Employment Policy from 1990 to 2010. The report was edited by Károly Fazekas and Ágota Scharle.