Carlos Fresneda, "¿Una renta básica europea? [An european basic income?]"

Image of the meeting in Athens. Source: El Mundo.

Image of the meeting in Athens. Source: El Mundo.

The Spanish newspaper El Mundo, in its online version, reports on the first summit of the Unconditional Basic Income Europe (UBIE), which took place in Athens on the past 28th of September. In this event, several top economists and activists which defend the unconditional basic income have participated, such as Stanislas Jourdan, Guy Standing and Lluís Torrens.

Carlos Fresneda, “¿Una renta básica europea? [An european basic income?]“, El Mundo, September 28 2014

Stephane Pallage, Christian Zimmermann, “Universal Basic Income versus Unemployment Insurance”

ABSTRACT: In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system in an economy with idiosyncratic shocks to employment. Both policies provide a safety net in the face of idiosyncratic shocks. While the unemployment insurance program should do a better job at protecting the unemployed, it suffers from moral hazard and substantial monitoring costs, which may threaten its usefulness. The universal basic income, which is simpler to manage and immune to moral hazard, may represent an interesting alternative in this context. We work within a dynamic equilibrium model with savings calibrated to the United States for 1990 and 2011, and provide results that show that UI beats UBI for insurance purposes because it is better targeted towards those in need.

Stephane Pallage, Christian Zimmermann, “Universal Basic Income versus Unemployment Insurance”, IDEAS, 2014 November 14

John Muellbauer, "Quantitative easing for the people"

John Muellbauer. From: The New Times.

John Muellbauer

Oxford Economics professor John Muellbauer elaborates a rational justification and a simple application plan for giving each EU citizen a 500 €, no strings attached, monthly payment. The money would be printed in the European Central Bank and simply given to registered citizens in the eurozone.

John Muellbauer, “Quantitative easing for the people“, Project Syndicate, November 7 2014