Cosimo Beverelli, Matteo Fiorini, Bernard Hoekman, 16 October 2015

There is some evidence suggesting a positive effect of services trade liberalisation on the productivity of manufacturing. This column argues that such an effect is conditional on the institutions within a country. Countries with better economic governance benefit more from open services trade policies. Higher quality institutions attract more productive services providers and support higher levels of services performance.

Guido Tabellini, 05 October 2010

The current European economic governance needs reform. This column argues that rather than trying to invade national governments’ autonomy in economic policy, the European authorities should focus on the transfer of sovereignty in the field of financial supervision.

Paul De Grauwe, 04 October 2010

The European Commission has just presented its proposals to strengthen the Stability and Growth Pact. This column argues it is a very bad idea as it is based on a wrong diagnosis of the causes of the debt crisis in the Eurozone and because there cannot be taxation without representation. It suggests reforms should not only focus on the responsibilities of national governments but also on those of the ECB.

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