So today I went to the Jeu de Paumes in Paris to see the exhibit of Chinese artist Ai Weiwei, jailed first and now spending his time in house arrest for his protests against the Chinese government on many matters, … Continue reading →
So now we have this big monetary policy package. When has money ever bought the way out from a recession in a large fixed exchange rate area without the help of fiscal policy? I fail to remember. There might be … Continue reading →
The Other, l’Autre. How do we look at those that seem different from us? Are they different because we so badly want them to be? and why is their difference not an asset but a threat for societies? I enter … Continue reading →
Why do seemingly irrational superstitious beliefs form and persist? To what extent do strong cultural beliefs translate into observable behavior? And how do superstitions about luck and success translate into performance in foreign environments that do not share these beliefs? … Continue reading →
Yesterdays’ WSJ interview of ECB President Dr. Draghi. Please try to discover what is missing from his statement: WSJ: Your first months saw a lot of activity. Is there much more the ECB can do when it comes to financial … Continue reading →
Thank you A.
Debt/GDP ratio at 120%. If your name is Italy, at least so we are told, this number is a monster that needs to be soon vanquished through austerity. If your name is Greece this 120% is the oasis at the end of … Continue reading →
Applying easy game theory to ponder what comes next this Monday in the European talks regarding the Greek situation: default and exit from the euro? No default while remaining in the euro? Default and remaining in the euro? At least … Continue reading →
10 years ago, February 17, 2002. Where was the former Governor of the Bank of Greece and at the time Vice-President of the European Central Bank Lucas Papademos, today Prime Minister of Greece, with his wife Shanna? Don’t try guessing, … Continue reading →
”I like the desert. It’s hot there in the desert, but it’s clean.” Lawrence of Arabia, 1962, the movie. The Germans. The Greeks. That bloated public sector. Of whom? The Greeks? Think again, by reading the ECB working paper of … Continue reading →