EconoMonitor

Economics Blog Aggregator

    Europe

  • The Irish Economy

    Upcoming Conference on Macroprudential Regulation

    Call for Papers: Macroprudential regulation: policy dynamics and limitations A joint academic-practitioner conference with the theme Macroprudential regulation: policy dynamics and limitations will be held in Dublin, Ireland on Friday September 4th, 2015, organized by the Financial Mathematics and Computation Cluster (FMC2), the Department of Economics, Finance & Accounting at Maynooth University and the UCD School of Business at University College Dublin. Macroprudential regulation is fairly new, and there are many unanswered questions. Can macroprudential constraints on credit be reliably attuned with the business cycle and/or credit cycle? Are fixed constraints on credit safer and more reliable than attempts at dynamic anti-cyclical ones? Should regulators take a...more

    Link ›

  • naked capitalism

    Greek Kolotumbas Increasing at Disconcerting Rate

    Link ›

  • naked capitalism

    Links 3/2/15

    Link ›

  • naked capitalism

    The Administration’s Dishonest Response to Elizabeth Warren’s Attack on Secret Investor Arbitration Panels in Trade Deals

    Link ›

  • VoxEU.org: Recent Articles

    Post-Crisis Banking Regulation: Evolution of economic thinking as it happened on Vox

    Link ›

  • VoxEU.org: Recent Articles

    Post-Crisis banking regulation: Evolution of economic thinking as it happened on Vox

    Link ›

  • VoxEU.org: Recent Articles

    ECB minutes: What they really tell us

    Link ›

  • A Fistful Of Euros

    Does The Arrival Of Negative Interest Rates Change the Attractivess of EMU?

    This is the second in a series of posts (first one here) in  which I try to argue that the balance between costs and benefits of belonging to the European monetary union has shifted in the post crisis world, especially for heavily indebted countries such as those to be found on the European periphery. The benefits of belonging (in terms of debt support given via ECB QE) have risen, while the disadvantages of being outside – as has been seen in countries like Denmark, Sweden and Switzerland – have also grown. This is not a complete cost/benefit balance sheet, but a limited exploration of just one area. That being said it is an area where exploration may help those who simply can’t understand the recent determination shown by the Greeks to maintain ...more

    Link ›

  • David Smith's EconomicsUK.com

    If Europe keeps growing, Brexit won't happen

    Link ›

  • David Smith's EconomicsUK.com

    IEA's shadow MPC votes 6-3 to keep rates on hold

    Link ›

  • Back-Of-The-Envelope Economics

    Slides of Paper on Fiscal Convergence & Economic Divergence

    Here are the slides of my paper on Fiscal Convergence and Economic Divergence in the Euro area, that I presented at the European Parliament (and at the  Joint Vienna Institute) 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

    Dal Corriere

    Bel pezzo di Danilo Taino sul Corriere di oggi che racconta il mio paper(clicca per ingrandire)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 ›

  • A Fistful Of Euros

    Pay no attention to the social democrat behind the curtain.

    Perhaps we’ve been watching the wrong German politician throughout the whole Greece/Eurogroup drama. Usually, the Vice-Chancellor of Germany is one of those posts that comes with a lot more dignity than it does power, like the US vice-presidency in the pre-Cheney days when it wasn’t worth a pitcher of warm spit. It tends to be given out as a decorative title to a junior coalition partner, rather in the way Nick Clegg was given the title of Deputy Prime Minister, something which has even less basis in British constitutional practice. But Bernd Hüttemann reminded me of something important on Twitter yesterday, as follows. So true since the vice chancellor and FedMinister @BMWi_Bund @sigmargabriel is EUcoordinator 1st Conf on #euplus #eukon — Bernd Hü...more

    Link ›

  • A Fistful Of Euros

    The good, the bad and the foreign: Icelandic lesson for stabilising the Greek banks*

    Ever since 2010, when Greece first turned to the IMF for assistance, the crisis handling has been characterised by too little too late, which is why Greece is still grabbing the headlines. The Greek banks are a serious part of the problem with liquidity crunch and non-performing loans at 33.5% 2010-2014 according to World Bank data. Banks with such numbers can hardly perform their role of stimulating the economy with sustainable lending. Whatever measures Greece will use to tackle its problems the banks have to be dealt with. In October 2008 the three largest banks in Iceland experienced liquidity problems due to a series of mistakes, fickle foreign funding, outright fraud, bad luck and a weak lender of last resort. The Greek banks are in a less dire situation than thei...more

    Link ›

  • Back-Of-The-Envelope Economics

    My paper of Fiscal Convergence and Real Divergence in the Euro area

    Yesterday I presented a paper at the European Parliament in Brussels in the context of the meeting between the Parliament and the President of the Eurogroup which will take place today. I argue that more fiscal convergence in the Euro area has come at the cost of increasing economic divergence in important economic outcomes, such as unemployment rates, investment and, to a lesser extent, growth rates. I also evaluate critically the recent guidelines for the Stability and Growth pact and discuss some drastic proposals for the reform of the economic governance in the Euro area. This is the link to the paperTweets 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)...more

    Link ›

  • The Irish Economy

    Ultra posse nemo obligatur, anyone?

    Paul Mason has a blog post and interview here, worth reading and watching. I am going to stick my neck out and assert that Manolis Glezos does in fact speak with a certain moral authority. But it is the German deputy finance minister’s constant insistence on obeying the law that prompts this post, along with its title. For German government use of the principle in the economic domain, see here (p. 188). ...more

    Link ›

  • The Irish Economy

    Another one from Jordà, Schularick and Taylor

    The latest in an important series of papers by Jordà, Schularick and Taylor is described here. Although they don’t spin it this way (which is not surprising, since they don’t provide evidence about the impact of fiscal policy on housing booms and busts), the work suggests to this reader potential arguments (on top of the more standard ones) regarding the benefits of automatic stabilisers and countercyclical fiscal policy. ...more

    Link ›

  • David Smith's EconomicsUK.com

    'Good' deflation boosts growth - will it bring forward rate rises?

    Link ›


Most Read | Featured | Popular

Blogger Spotlight

Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms