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    Europe

  • VoxEU.org: Recent Articles

    Prometheus unbound? The modest benefits of entry deregulation in Portugal

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  • VoxEU.org: Recent Articles

    Deep roots matter for prosperity, but so do current policies

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  • naked capitalism

    2:00PM Water Cooler 9/17/14

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  • naked capitalism

    Class Bigots: Finding Themselves On Third Base and Thinking They Hit a Triple

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  • naked capitalism

    Links 9/17/14

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  • VoxEU.org: Recent Articles

    Entry and exit in OTC derivatives markets

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  • David Smith's EconomicsUK.com

    A different kind of politics - and not in a good way

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  • The Irish Economy

    NTMA Technical Paper: What Drove Irish Government Bond Yields During the Crisis?

    Paper by David Purdue and Rossa White here.

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  • The Irish Economy

    Danger of irrational exuberance on economic recovery

    John O’Hagan cautions against irrational exuberance in the lead up to Budget 2015 in today’s Irish Times. Link is here.

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  • The Irish Economy

    European Aviation Conference 2014, Amsterdam

    The programme for the third European Aviation Conference, on the general theme of aviation infrastructure, is now available. One topic will be the forthcoming report of the Davies Commission, on expanding airport capacity in the South-East of the UK, though many other issues relating to airport and ATC infrastructure will also be covered. The conference takes place at Schiphol airport on 6th and 7th November. There is a substantial conference fee discount for students. As usual the EAC is preceded by a more academic meeting of the German Aviation Research Society (GARS), which attracts aviation researches from across the globe; more information will be available at www.garsonline.de nearer the date. ...more

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  • Back-Of-The-Envelope Economics

    Nemo propheta in patria

    This month is no exception: this blog's views  from the US are about 6.5 times those from Italy (I wonder the interests from Ukraine)... Visualizzazioni di pagine per paese (Page Views by Country) Stati Uniti6047Italia923Ucraina377Romania280Germania116Federazione Russa112Francia98Cina68Qatar58Paesi Bassi55Tweets 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

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  • David Smith's EconomicsUK.com

    Don't go, but Scotland needs the UK a lot more than the UK needs Scotland

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  • Back-Of-The-Envelope Economics

    Labor Productivity and Wage Allocation: Thom and I Were Right!

    The EU Commission's recent report on Monitoring progress in the Member States for Italy, on pag 2,  acknowledges that"Slow productivity growth is mostly due to inefficiency in allocating resources. Indeed, Italy’s investment rate is comparable to that of other euro-area countries, but its level of capital efficiency is lower and declining.According to a recent analysis, one of the root causes of modest productivity growth is that labour market reforms have focused mainly on flexibility and have neglected to address rigidities in the wage-setting mechanism. This is producing perverse effects: since 2000 wages have increased more in sectors where labour productivity has grown less, and, in the short term, employment is tending to move towards sectors where labour p...more

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  • A Fistful Of Euros

    Their Eyes Were Watching Vlad

    Occasionally, representatives of Germany’s Left party (Die Linke) will complain about being tagged as the successors to East Germany’s communist party. Well. As part of the German parliament’s debate about the budget and foreign police, Gregor Gysi, parliamentary leader of Die Linke, spoke out forcefully against further sanctions against Russia. He called them “absolutely counterproductive.” He added that they provoked Russian countermeasures and hurt the economy. Rational policy, in his view, would be to lift the sanctions immediately. Not to be outdone, Sara Wagenknecht, Gysi’s first deputy, said that economic warfare with Russia was damaging and “playing with fire.” She added that NATO maneuvers and EU sanctions were making the...more

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  • A Fistful Of Euros

    The Catalan Vote: Why It’s Time To Start Getting Worried About Complacency In Madrid

    When Barack Obama told a CNBC interviewer last autumn that Wall Street ought to be “genuinely worried about what is going on in Washington” in reference to the US government shutdown he raised more than a few eyebrows. Normally political leaders try to calm and reassure markets, so this attempt to stir them up on the part of the US President was, in its way, something of a first. Last May the Financial Times issued a similar warning in an editorial with a clear message: right now you should be more worried than you are about what is happening in Madrid. According to the newspaper, “secessionist demands have created a rolling crisis involving Catalonia and the national government in Madrid,” a crisis which it warns could end in a “head on collision...more

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  • Back-Of-The-Envelope Economics

    Renzi, il PIL e la crescita (e Padoan)

    Sarà il riflesso condizionato di un professore di economia, ma quando ho letto su Il Sole24  di oggi il testo dell'intervento del primo ministro Renzi alla trasmissione  "A porta a porta" sugli effetti della correzione Istat del PIL che includerà le spese di ricerca e sviluppo ed i proventi di attività illecite, ammetto di aver provato un piccolo brivido lungo la schiena. Dice Renzi: «C'avevo sperato (che la revisione portasse ad un aumento della crescita), ma è robetta. Qualcosa meglio sul debito... C'avevo fatto la bocca  ma Padoan mi ha spiegato che sulla crescita potrà avere un'oscillazione positiva per l'anno di uno 0,1%, robetta. Potrebbe avere qualche miglioramento il rapporto del debito sul Pil, dal 137 al 135%. Ma sulla crescita non cam...more

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  • David Smith's EconomicsUK.com

    An independent Scotland would be poorer, more unstable and fiscally weak

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  • A Fistful Of Euros

    Secular Stagnation Part III – The Expectations Fairy

    “So what’s going on here? Well, it might sound like a hokey religion, but central banking is really a Jedi mind trick. Just saying something can be enough to make it happen. That’s because the power of the printing press gives their words a distinct power. Well, that and the fact that the economy is already one big self-fulfilling prophecy.” – Matt O’brien,  “Abenomics has only worked because foreigners think it will“ “Lucas thought he could do better. His major innovation in his seminal 1972 article was to get rid of the assumption (implicit and often explicit in virtually every previous macro model) that government policymakers could persistently fool people.” – The Concise Encyclopedia of Economic...more

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