The Eurozone breakup debate: Uncertainty still reigns
Jens Nordvig 06 November 2012
Conversations about the breakup of the Eurozone are changing. This column argues that an 'avoid breakup at all costs' dogmatism may not be a prudent view. Getting good data may well be difficult, but any arguments about the cost of a Eurozone breakup must be compared to the ongoing cost of the status quo.
The debate about a Eurozone breakup is evolving. In the spring of 2012, political tension in Greece meant that the debate focused on ‘Grexit’. In the summer of this year, the focus shifted to Spain’s funding difficulties, especially the redenomination risk on Spanish assets. Then the ECB stepped in. Its Outright Monetary Transactions programme has since reduced sovereign funding costs in the periphery.
EU policies Europe's nations and regions Financial markets Politics and economics
Greece, Eurozone crisis, Finland, breakup
High-involvement management: What does it mean for worker wellbeing?
Alex Bryson 21 October 2011
A growing body of evidence indicates that certain modern management practices increase firm profitability. What remains largely unknown is their effect on workers’ wellbeing. This column uses data from Finland and suggests high-involvement management – that is, engaging workers more fully in their jobs – is associated with higher job satisfaction, non-tiredness, and a lower probability of accident.
Solving the world’s problems – everything ranging from productivity growth and employment creation to ageing and climate change – will require firms to get better at what they do. Modern management techniques are increasingly looking like they will help deliver on the necessity.
There is a growing body of evidence indicating that certain modern management practices increase firm profitability – specifically practices known as 'high-involvement management'. They were given this name since they work by engaging workers more fully in their jobs.
Management, wellbeing, Finland
Ari Hyytinen, Frode Steen, Otto Toivanen 05 May 2010
Should cartels be regulated? This column outlines a new economic toolkit that models the creation of cartels and compares these predictions with real-life observations. Focusing on forty years of postwar data from Finland, this column finds that once cartels are formed, they are long-lasting. If unregulated the amount of cartels will only increase.
Competition policy matters. The US government, as well as the EU and its member states, spend large amounts on shaping and executing competition policy – known as antitrust in the US. The private sector spends correspondingly large amounts in shaping the outcome and participating in the law battles.
Competition policy, Cartels, Finland