Macroeconomic Imbalance Scoreboard – A Visual Ranking Among 11 EZ Countries

6 Responses to "Macroeconomic Imbalance Scoreboard – A Visual Ranking Among 11 EZ Countries"

  1. alanbruce   November 13, 2012 at 6:14 am

    great article. useful predictive research. would it not be a logical deduction that the real beneficiaries from the intro of euro at the turn of the decade have been asean economies and even the usa through increased global exports.
    what is the release valve for eurozone countries who are unable to depreciate currency. Since the ECB can keep long term Euro rates low through open market operations how does one foresee a rebound in European export competitiveness and market share.

  2. JSB   November 23, 2012 at 5:50 pm

    This article is an unfortunate example of GIGO.

    A much more interesting analysis would have been whether these new set of indicators make any sense whatsoever in predicting a macroeconomic crisis (in whatever form). One reads/skims the background papers to the indicators and notes that they are full of fluff and references to "academic research". There is no internal consistency sought, there is not a model, a stock-flow and sectoral consistent approach, a backtesting, an in-sample predictive analysis. Nothing, rien, nada.

    These indicators join the ranks of the 3%/60% deficit/debt to GDP thresholds which became dogma and were also pulled out of thin air (or a back of the envelope calculation – as their French "creator" recently avowed). A lot of rubbish, that is.


    • interested reader   December 22, 2012 at 4:59 pm

      legally binding rubbish, nonetheless.

  3. fearmonger   January 5, 2013 at 11:01 am

    Amen Javier.