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.
Some thoughts on the Greek situation and the ongoing negotiations in Brussels.
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.
I’ve written a new paper on TARGET2. This post introduces and links to the paper.
CEPR’s Business Cycle Dating Committee has declared the euro area economy as being in recession since 2011:Q3. Links and discussion here.
Thoughts on last night’s Eurogroup meeting are here.