Dear Isabel
I would like to submit to your excellent network the following article I wrote with Giovanni Cozzi, published in the Financial Times The article proposes policy measures, such as increasing further the capital of the European Investment Bank (the public development bank of the EU), and using the EU budget to encourage private investment; this could be accompanied by avoiding any further decline of public investment in member countries, especially in the European periphery. We present results of our simulations using the Cambridge Alphametrics model that show that such measures could increase employment by up to 5 MILLION JOBS in the EU, as well as lowering public debt to GDP ratios , for example in the European periphery
Warmest Stephany
--
Professor Stephany Griffith-Jones
Financial Markets Director
Initiative for Policy Dialogue
Columbia University
Address for Correspondence:
12 Lenham Road East, Saltdean, Brighton, BN2 8AF, United Kingdom.
Phone: 44 1273 305819
E-mail: SGJ2108@Columbia.edu
Web sites: www.stephanygj.net, www.policydialogue.org
Twitter: @stephanygj https://twitter.com/stephanygj
Time for a Visible Hand: Lessons from the 2008 World Financial Crisis Edited by Stephany Griffith-Jones, José Antonio Ocampo, and Joseph E. Stiglitz Available now through all good bookshops, or direct from Oxford University Press at:
http://www.oup.com/uk/catalogue/?ci=9780199578818 (Paperback)
http://www.oup.com/uk/catalogue/?ci=9780199578801 (Hardback)
I would like to submit to your excellent network the following article I wrote with Giovanni Cozzi, published in the Financial Times The article proposes policy measures, such as increasing further the capital of the European Investment Bank (the public development bank of the EU), and using the EU budget to encourage private investment; this could be accompanied by avoiding any further decline of public investment in member countries, especially in the European periphery. We present results of our simulations using the Cambridge Alphametrics model that show that such measures could increase employment by up to 5 MILLION JOBS in the EU, as well as lowering public debt to GDP ratios , for example in the European periphery
Warmest Stephany
--
Professor Stephany Griffith-Jones
Financial Markets Director
Initiative for Policy Dialogue
Columbia University
Address for Correspondence:
12 Lenham Road East, Saltdean, Brighton, BN2 8AF, United Kingdom.
Phone: 44 1273 305819
E-mail: SGJ2108@Columbia.edu
Web sites: www.stephanygj.net, www.policydialogue.org
Twitter: @stephanygj https://twitter.com/stephanygj
Time for a Visible Hand: Lessons from the 2008 World Financial Crisis Edited by Stephany Griffith-Jones, José Antonio Ocampo, and Joseph E. Stiglitz Available now through all good bookshops, or direct from Oxford University Press at:
http://www.oup.com/uk/catalogue/?ci=9780199578818 (Paperback)
http://www.oup.com/uk/catalogue/?ci=9780199578801 (Hardback)
