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Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion (Wiley, 18 page read) The effect of a tighter fiscal stance on public opinion is relatively small and closely follows the impact of austerity on economic activity. The findings do not concur with the view that austerity creates a negative effect on public opinion and the popularity of public institutions.
Closing the SDG Gap (Project Syndicate, 5 mins read) Continuing progress at the same rate as the past decade would mean the 2030 sustainable development goals (SDG) will not be met. So far, pledges such as eradicating extreme poverty, ending preventable child deaths and averting a climate disaster have gone unfulfilled.
European Green Finance is Expanding, a Discount on Bank Capital Would Discredit it (Bruegel, 5 min read) Financing for the 1.5% of GDP in annual spending under the recently agreed “European Green Deal” will largely come via by bank loans, not capital markets. But reduced capital requirements for those with eligible loan books could prove counterproductive through higher funding costs.