The factors underlying economic growth is one of the topics that I have focused on in my own research. Preparing for teaching some classes on this topic next term, I did some work this week on the potential for long-term growth of the U.S. economy, prompting this blog post.
Monthly Archives: November 2012
Standoff on Greece Driven by Short-Sighted Europolitics
Some thoughts on the Greek situation and the ongoing negotiations in Brussels.
How Much Would Ireland Benefit from Replacing the Promissory Notes with a Long-Term Bond?
Lots of people I’ve spoken with about the dreaded Anglo promissory notes are mystified at why the Irish government seems willing to replace the notes with a 40-year bond. Isn’t it just replacing one kind of debt with another? Won’t we just end up paying more over the long-run? Here‘s a post where I try to answer these questions. Warning: This is a tricky topic and it’s an unusually wonkish post.
All You Wanted to Know About TARGET2 But Were Afraid to Ask
I’ve written a new paper on TARGET2. This post introduces and links to the paper.
It’s Official: The Eurozone is in Recession
CEPR’s Business Cycle Dating Committee has declared the euro area economy as being in recession since 2011:Q3. Links and discussion here.
Greek Tragedy Turns to Farce
Thoughts on last night’s Eurogroup meeting are here.