Treaty

Isabel Schnabel: From laggard to leader? Closing the euro area’s technology gap

Retrieved on: 
Saturday, February 17, 2024
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This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.

Key Points: 
  • This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.
  • We further show that relying on microprudential regulation alone would not be enough to account for the systemic dimension of transition risk.

A slide in global corruption rankings is bad for ‘Brand NZ’ – what can the government do?

Retrieved on: 
Monday, February 12, 2024

But she was also talking about the country’s international reputation for being clean, green, safe and honest.

Key Points: 
  • But she was also talking about the country’s international reputation for being clean, green, safe and honest.
  • But recent rankings measuring the country’s international influence, transparency and corruption have started to tell a different story.
  • Between 2021 and 2023, New Zealand dropped ten places – from 16 to 26 – on the Global Soft Power Index.

Brand New Zealand

  • According to the 2023 Anholt-Ipsos Nation Brand Index, New Zealand is the 14th most valuable country brand in the world, valued at close to half a trillion New Zealand dollars in 2022 by brand valuation and strategy company Brand Finance.
  • Brand New Zealand is a precious commodity in its own right, which has taken many decades to build.
  • Since 2014, New Zealand has dropped six points in its CPI score, three times more than Denmark or Finland.

Perceptions matter

  • A higher CPI score implies a lower level of perceived corruption.
  • Read more:
    Return of the ‘consultocracy’ – how cutting public service jobs to save costs usually backfires

    But its two-point CPI slide from 87 to 85 is driven by perceptions among business leaders, as captured by the most recent World Economic Forum’s executive opinion survey taken in August 2023.

  • CEO of Transparency International New Zealand, Julie Haggie, attributes the 2023 drop in business leaders’ confidence to three specific factors:


several high-profile cases of COVID-19 subsidy fraud and tax evasion by businesses
the government’s insufficient response to a rise in scamming, as well as a lack of transparency around government spending on outside consultation contracts and infrastructure projects
and a heightened focus on appropriate spending of public funds during a cost-of-living crisis when most New Zealanders are doing it tough.

Trust in government

  • But it must still be mindful of the fragility of general trust in public institutions and the government.
  • Damaging that trust can have unintended consequences for our international reputation.
  • Cutting public spending by between 6.5% and 7.5%, as government agencies have been told to do, may be viewed positively by business leaders.
  • But it can also erode public trust in government.

Turning the trend around

  • While it placed 14th in the latest Transparency International ranking (with a CPI score of 75), Australia has gained two points under the Albanese Labor government.
  • State capture by vested interest groups is a form of public corruption and would likely significantly affect New Zealand’s declining CPI score.


Matevz (Matt) Raskovic does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Press release - Belgium Presidency debriefs EP committees on priorities

Retrieved on: 
Sunday, February 4, 2024

Ministers are holding a series of meetings in parliamentary committees to present the priorities of the Belgian Presidency of the Council.Committee on Culture and EducationCommittee on DevelopmentCommittee on Economic and Monetary AffairsCommittee on Employment and Social AffairsCommittee on the Environment, Public Health and Food SafetyCommittee on Women’s Rights and Gender EqualityCommittee on the Internal Market and Consumer ProtectionCommittee on International TradeCommittee on Industry, Research and EnergyCommittee on Legal AffairsCommittee on Civil Liberties, Justice and Home AffairsCommittee on Regional DevelopmentCommittee on Transport and Tourism Source : © European Union, 2024 - EP

Key Points: 


Ministers are holding a series of meetings in parliamentary committees to present the priorities of the Belgian Presidency of the Council.Committee on Culture and EducationCommittee on DevelopmentCommittee on Economic and Monetary AffairsCommittee on Employment and Social AffairsCommittee on the Environment, Public Health and Food SafetyCommittee on Women’s Rights and Gender EqualityCommittee on the Internal Market and Consumer ProtectionCommittee on International TradeCommittee on Industry, Research and EnergyCommittee on Legal AffairsCommittee on Civil Liberties, Justice and Home AffairsCommittee on Regional DevelopmentCommittee on Transport and Tourism Source : © European Union, 2024 - EP

Press release - European Parliament Press Kit for the Special European Council of 1 February 2024

Retrieved on: 
Sunday, February 4, 2024

In this press kit, you will find a selection of the European Parliament’s press releases reflecting MEPs’ priorities for topics on the summit agenda. Source : © European Union, 2024 - EP

Key Points: 


In this press kit, you will find a selection of the European Parliament’s press releases reflecting MEPs’ priorities for topics on the summit agenda. Source : © European Union, 2024 - EP

ECB steps up climate work with focus on green transition, climate and nature-related risks

Retrieved on: 
Sunday, February 4, 2024

While existing models have added a financial sector and real estate sector, they have largely overlooked housing supply.

Key Points: 
  • While existing models have added a financial sector and real estate sector, they have largely overlooked housing supply.
  • I develop an extended DSGE model that includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when data on new houses is included.
  • The findings highlight the necessity of combining model extension and housing supply data for accurate forecasting during economic crises.

New School on Alexis Nakota Sioux Nation supports inclusive education for future generations

Retrieved on: 
Wednesday, January 17, 2024

ALEXIS NAKOTA FIRST NATION, TREATY 6 TERRITORY, AB, Jan. 17, 2024 /CNW/ - Today, Chief Tony Alexis and the Council of Alexis Nakota Sioux Nation, along with Patty Hajdu, Minister of Indigenous Services Canada, celebrated the official opening of Chief Aranazhi School for grades 5-12, located on Alexis Nakota First Nation.

Key Points: 
  • ALEXIS NAKOTA FIRST NATION, TREATY 6 TERRITORY, AB, Jan. 17, 2024 /CNW/ - Today, Chief Tony Alexis and the Council of Alexis Nakota Sioux Nation, along with Patty Hajdu, Minister of Indigenous Services Canada, celebrated the official opening of Chief Aranazhi School for grades 5-12, located on Alexis Nakota First Nation.
  • This Alexis Nakota-owned company provides comprehensive construction project management in the Alexis Nakota Sioux Nation, as well as in other Indigenous communities.
  • Alexis Nakota Sioux Nation is leading the way to a more equitable future with several projects at various stages of development:
    In June 2021, Alexis Nakota Sioux Nation acquired 100% ownership of Backwoods Energy Services .
  • It is the largest employer of Alexis Nakota Sioux Nation band members and the primary source of income in the community.

Press release - The Hungarian government threatens EU values, institutions, and funds, MEPs say

Retrieved on: 
Friday, January 19, 2024

The EU must not give in to blackmail, they highlight.

Key Points: 
  • The EU must not give in to blackmail, they highlight.
  • Further, MEPs condemn the reported systemic discriminatory practices against academia, journalists, political parties and civil society when allocating funds.
  • They regret the use of manipulated public procurement procedures, takeover bids by the government and entities with ties to the Prime Minister, and the use of EU funds to enrich the government’s political allies.
  • The measures required to release EU funding under different rules must be treated as a single package, and no payments should be made if deficiencies persist in any area.

Philip R. Lane: Interview with Corriere della Sera

Retrieved on: 
Friday, January 19, 2024

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

Meeting of 13-14 December 2023

Retrieved on: 
Friday, January 19, 2024

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/852 of the European Parliament and of the Council of 17 May 2017 on mercury as regards dental amalgam and other mercury-added products[...]

Retrieved on: 
Sunday, January 14, 2024

REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/852 of the European Parliament and of the Council of 17 May 2017 on mercury as regards dental amalgam and other mercury-added products subject to manufacturing, import and export restrictionsCommittee on the Environment, Public Health and Food SafetyMarlene Mortler Source : © European Union, 2024 - EP

Key Points: 


REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/852 of the European Parliament and of the Council of 17 May 2017 on mercury as regards dental amalgam and other mercury-added products subject to manufacturing, import and export restrictionsCommittee on the Environment, Public Health and Food SafetyMarlene Mortler Source : © European Union, 2024 - EP