EconoMonitor

Economics Blog Aggregator

    Europe

  • The Irish Economy

    Ending the Sean FitzPatrick Myth

    16th April 2014: Sean FitzPatrick has been found not guilty of all charges relating to the Maple 10 transaction. First the judge (for some of the charges) and then the jury (for the remaining charges) examined the evidence carefully, and declared him not guilty. The Maple 10 scheme was truly outrageous, but there is no reason to second-guess the verdicts as given. From a broader perspective, these not-guilty verdicts might encourage a deeper understanding and better public response to the Irish credit bubble and financial collapse. It is a myth that Sean FitzPatrick caused the Irish financial collapse. Sean FitzPatrick was a major character in the Irish credit bubble, but not a fundamental cause. The collapse is better explained by the extremely “light-touch” financ...more

    Link ›

  • naked capitalism

    Links 4/17/14

    Ruff justice! French dogs voted ‘living beings’ after centuries of slumming it as ‘personal property’ (…and it means wealthy Parisiennes can leave their fortunes to them) Daily Mail Monetary Policy and the Economic Recovery Chair Janet L. Yellen At the Economic Club of New York, New York, New York In sum, the central tendency of FOMC participant projections for the unemployment rate at the end of 2016 is 5.2 to 5.6 percent, and for inflation the central tendency is 1.7 to 2 percent. If this forecast was to become reality, the economy would be approaching what my colleagues and I view as maximum employment and price stability for the first time in nearly a decade. I find this baseline outlook quite plausible. Out of Ammo? The Eroding Power o...more

    Link ›

  • naked capitalism

    General Mills Opens New Frontier in Denying Consumers Right to Sue: Just Use Its Products

    We have just moved beyond an event horizon as far as the corporate version of neo-feudalism is concerned. Remember that one of the salient qualities of feudalism was that the nobility had far more rights than the peasants. By contrast, one of the hoary old notions of jurisprudence is equality before the law. That doesn’t serve our corporate-overlords-in-the-making too well. Subverting jurisprudence over time via inculcating pro-business thinkings through the law and economics movement apparently isn’t good enough for them; they want even higher odds of favorable outcomes. One of them is sneakily getting customers to relinquish their right to sue via getting them to agree to be subject to binding arbitration. This requirement has long been in place as a con...more

    Link ›

  • naked capitalism

    Quelle Surprise! Ginnie Mae Says Bank of America Has Lots of Servicing Documents Missing; MERS Also in Hot Water

    An article by Kate Berry in American Banker earlier this week hasn’t gotten the attention it deserves. Anyone who was paying attention to the mortgage beat in 2010 through 2012 knew that mortgage securitization originators and servicers were playing fast and loose with critical documents like mortgage notes because they couldn’t be bothered to observe their own contracts and transfer them to the mortgage trust as stipulated. But exposing that threatened to blow up the mortgage-industrial complex. So the Obama Administration and the major regulators labored mightily to engineer a cover-up settlement, which included all sorts of pious promises by servicers to Do Better. Two years later, what do we find? Bank of America, one of the biggest miscreants, wants to...more

    Link ›

  • VoxEU.org: Recent Articles

    Derivatives and the Eurozone crisis

    Link ›

  • The Irish Economy

    Draft National Risk Assessment

    Here. Comments welcome until 30th June to nra at taoiseach.gov.ie

    Link ›

  • The Irish Economy

    Martin Wolf review of Piketty

    here.

    Link ›

  • A Fistful Of Euros

    It’s not like this was a surprise

    Or, why reading David Remnick is nearly always a good idea: I spoke with Georgy Kasianov, the head of the Academy of Science’s department of contemporary Ukrainian history and politics, in Kiev. “It’s a war,” he said. “The Russian troops are quite openly out on the streets [in Crimea], capturing public buildings and military outposts. And it’s likely all a part of a larger plan for other places: Odessa, Nikolayev, Kherson. And they’ll use the same technique. Some Russian-speaking citizens will appear, put up a Russian flag, and make appeals that they want help and referendums, and so on.” This is already happening in Donetsk and Kharkov. “They are doing this like it is a commonplace,” Kasianov went on. “I can’t speak for four million people, but ...more

    Link ›

  • VoxEU.org: Recent Articles

    Learning about global value chains by looking beyond official trade data: Part 2

    Link ›

  • VoxEU.org: Recent Articles

    Taxing, spending, and inequality

    Link ›

  • Back-Of-The-Envelope Economics

    Intervista sul Lavoro

    Intervista con Valeria Manieri a Radio Radicale su Lavoro, Produttività, Contrattazione  e Salari, con Thomas ManfrediTweets 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 ›

  • A Fistful Of Euros

    Overtaken by events

    The draft blog post said to watch out for funny business in Melitopol and Mariupol, Ukraine. Those are the largest settlements along the coast between Russia and the Crimean peninsula, and sit astride the road that runs from Rostov-on-the-Don and the Crimea. Mariupol is the second-largest city in the Donetsk region, with a population of nearly half a million. Melitopol is also a crossroads: east to Russia, south to the Crimea, north to Zaporizhia and west to Kherson. Radio Free Europe/Radio Liberty’s daily summary noted: By early evening there were reports of skirmishes between pro-Russia and pro-Ukraine groups in Kharkiv, a tense standoff in Zaporizhia, and the occupation by pro-Russian activists of local government buildings in Makiyivka and Mariupol. Pro-Russia...more

    Link ›

  • David Smith's EconomicsUK.com

    Plenty of lessons for France in Britain's recovery

    Link ›

  • A Fistful Of Euros

    Old habits die hard

    Occasionally, representatives of Germany’s Left party (Die Linke) will complain about being tagged as the successors to East Germany’s communist party. Well. Yesterday, the Parliamentary Assembly of the Council of Europe voted to strip the Russian delegation to that body of its voting privileges for the rest of 2014, as a reaction to Russia’s annexation of the Crimea. The overall vote was 145 in favor of revoking the Russians parliamentarians’ votes and 21 against, with 22 abstentions. The German delegation voted 5-1 to revoke, with Yes votes coming from a Green, two Christian Democrats and two Social Democrats. The sole No vote? From a Left parliamentarian. Because Moscow, I suppose. Some other votes are interesting. Speaking of old habits dyi...more

    Link ›

  • David Smith's EconomicsUK.com

    Britain's balance of payments sinks in a sea of red ink

    Link ›

  • David Smith's EconomicsUK.com

    IEA's shadow MPC votes 6-3 again for half-point rate hike

    Link ›

  • Back-Of-The-Envelope Economics

    Salari e Produttività: Italy vs Germany

    E' uscito l'ebook di Linkiesta con Thomas Manfredi !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

    Bologna Faces

    qui 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

Dan Steinbock

Dr Dan Steinbock is a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies (G7) and large emerging economies (BRICS and beyond). In addition to his advisory activities (www.differencegroup.net), he is affiliated with major US universities as well as international think-tanks, such as India China and America Institute (USA), Shanghai Institutes for International Studies (China) and EU Center (Singapore).

Economics Blog Aggregator

Our favorite economics blogs aggregated.