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Do the Olympics make economic sense?

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In a series of five articles first published by SAPIENS, Besnier and Brownell intervene in several discussions that started during the Games and are still ongoing. In Do the Olympics Make Economic Sense? the authors focus on the socioeconomic tolls on host countries. The IOC makes ambitious claims about non-economic legacies, but most promised outcomes are impossible to measure. Yet, every four years, a major world city takes on the vast financial burden of hosting the Summer Olympic Games. Besnier and Brownell use the anthropological concep... Read More »

Allianz: Key rate cut: “A hefty price to pay!”

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Does the ECB's approach make economic sense? The European Central Bank wants to use this rate cut not only to lower the short-term interest rates but also to cut long-term interest rates. Furthermore, commercial banks will have to pay to keep money at central bank. On the one hand, this makes sense, because the level of new investment among European companies is still low. But the price we're paying as a result of these measures is a very hefty one - too hefty, in fact. You have to ask yourself: why is lending demand so low? It's time for Eu... Read More »

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