EconoMonitor

Economics Blog Aggregator

    Europe

  • naked capitalism

    Links 8/1/15

    Link ›

  • naked capitalism

    Testing the Global Central Bank Swap Network

    Link ›

  • naked capitalism

    The Challenges of the Greek Crisis

    Link ›

  • VoxEU.org: Recent Articles

    Trends and cycles in China’s macroeconomy

    Link ›

  • VoxEU.org: Recent Articles

    Customers and investors: A framework for financial institutions

    Link ›

  • A Fistful Of Euros

    Greek politics and poisonous statistics – an on-going saga

    Why the Troika and the EU member states find it so difficult to trust Greece The word “trust” has been mentioned time and again in reports on the tortuous negotiations on Greece. One reason is the persistent deceit in reporting on debt and deficit statistics, including lying about an off market swap with Goldman Sachs: not a one-off deceit but a political interference through concerted action among several public institutions for more then ten years. As late as in the July 12 Euro Summit statement “safeguarding of the full legal independence of ELSTAT” was stated as a required measure. Worryingly, Andreas Georgiou president of ELSTAT from 2010, the man who set the statistics straight, and some of his staff, have been hounded by political forces, also Syriza. F...more

    Link ›

  • VoxEU.org: Recent Articles

    The determinants of bank’s sovereign debt home bias

    Link ›

  • The Irish Economy

    Macroprudential Regulation Conference: Change of Date

    The conference on macroprudential regulation originally scheduled for September 4th has been postponed to Friday, January 29th, 2016. See here for all details on the conference. A full programme will be provided closer to the date. ...more

    Link ›

  • The Irish Economy

    Famine in Ireland 1300 to 1900

    I posted earlier in the year on Cormac O’Grada’s recently published book on famines. He has also recently released, among several other works, a working paper on the history of Irish famines since 1300. A version is available here and provides a chronology and history of several Irish famines pre-dating the 1840s.     ...more

    Link ›

  • A Fistful Of Euros

    Ireland and Greece, again

    Hans-Werner Sinn has an op-ed in Saturday’s New York Times calling (again) for a Greek exit from the Euro, a recommendation on which he agrees, as he notes, with Paul Krugman and Joseph Stiglitz. Part of his argument is that is that an official lending “bailout” program within the Euro won’t work because it will impede the necessary decline in local prices to make Greece competitive again within the single currency. His evidence that not getting a bailout improves competitiveness is … Ireland: Take the case of Ireland. Like Greece, Ireland became too expensive, as interest rates fell sharply during the introduction of the euro. When the bubble burst, in late 2006, no fiscal rescue was available. The Irish tightened their belts and underwent...more

    Link ›

  • David Smith's EconomicsUK.com

    Cuts: the big bad wolf's howl is worse than his bite

    Link ›

  • The Irish Economy

    Guest post by Marios Zachariadis: On the Greek Crisis and German Imbalances

    Policies undertaken from a narrow national perspective that encourage systematic fiscal surpluses coupled with a national consensus on wage suppression between unions and industry facilitated by the state, impact negatively upon domestic spending while increasing national saving and may lead to mercantilist outcomes of systematic policy-induced positive trade balances with large financial flows going the other way. This mechanism in relation to export-dependent countries like Germany has been recognized for a while by leading American economists like Obstfeld (the IMF’s new chief economist succeeding Blanchard) or Bernanke, while many have also pointed out low domestic investment, consumption taxes, and rigidities in the service sector as additional policy-related...more

    Link ›

  • David Smith's EconomicsUK.com

    Bank ponders a rate rise as job market changes gear

    Link ›

  • David Smith's EconomicsUK.com

    Something Will Turn Up

    Link ›

  • A Fistful Of Euros

    IMF: Eastern Mediterranean country with unfair debt service requirement

    From new IMF report on a certain country – The case for fiscal adjustment is also grounded in fairness. Without it and with ever more debt, interest payments will soar to some 12 percent of GDP, or about 40 percent of total spending, crowding out essential social programs and infrastructure projects and largely benefitting public debt holders at the expense of the less-privileged. Thus lack of fiscal adjustment is also costly and inequitable. That country where debt service will ever more crowd out social spending and be increasingly unfair: Lebanon. ...more

    Link ›

  • Back-Of-The-Envelope Economics

    On the 50 billion Greek Fund from Privatisations

    It seems we are back to the 2011 Papandreu's  implausible estimates from privatizations. Here is my take from Jan 2014. Tweets by @pmanasse !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); ...more

    Link ›

  • Back-Of-The-Envelope Economics

    Tsipras and the Transitive Property

    During his speech at the European Parliament today, Prime Minister Tsipras, exposed a common argument heard very often from his national and international supporters: he accused the international creditors of the fact  that their loans only served to payback (German and French) banks, rather than help the Greek people. (“The money that was given to Greece never went to the people,...the money was given to save Greek and European banks.”)Now, as a matter of logic, consider the panel below. On the left, Greece borrows from "Europe" (Tax payers of EU, ECB plus IMF) and, eventually,   pays back much lower an amount. The difference in present value is a transfer from "EU" to Greece.  On the right panel, Greece borrows from private (German and French)...more

    Link ›

  • Back-Of-The-Envelope Economics

    Points of View on Referendum

    From Greece , from Germany ("Give the Money or I'll Shoot")courtesy of Daiily Shot Tweets by @pmanasse !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); ...more

    Link ›


Most Read | Featured | Popular

Blogger Spotlight

Aaron Menenberg Policies of Scale

Aaron Menenberg is Foreign Policy and Energy analyst, and a Future Leader with Foreign Policy Initiative. He also co-hosts Podlitical Risk (@podliticalrisk). He is a graduate student in international relations at The Maxwell School of Syracuse University. Previously he has worked at Praescient Analytics, The Hudson Institute, for the Israeli Ministry of Defense, and at the IBM Corporation. The views expressed are his own, and you can follow him on Twitter @AaronMenenberg. He welcomes questions and comments at menenbergaaron@gmail.com.