A former student of mine (she was really a good student! but in some way all of them were and are) wrote a comment. I find it to deserve more than a comment in this blog, so I publish it. … Continue reading →
Europe counts its victims. Watch the sad-looking Coroner Rehn, also EC Vice-President in charge of Economic and Monetary Affairs and the Euro: http://ec.europa.eu/avservices/video/videoplayer.cfm?ref=80959 Or do some math with the EC Autumn Economic Forecast presented by Mr. Rehn himself: “Real GDP growth in … Continue reading →
http://rt.com/news/italy-berlusconi-economy-future-065/
110 basis points. Here is the level of increase of the French German spread between early July and today, spread which is today at its maximum since the 1992 exchange rate crisis. Half of this increase, just like for Italy … Continue reading →
Kenneth Orchard signals to me this very interesting piece in the FT.com of Sunday by Gavin Davies. Kenneth made a perfect summary of it, which I quote: “(Davies)argues that one can look at the Eurozone crisis as a balance of … Continue reading →
“We understand … that further consolidation measures will be adopted … as we estimate that in the current economic context the planned fiscal strategy does not ensure the achievement of a balanced budget in 2013, additional measures will be needed to … Continue reading →
Sometimes I am asked whether my only solution for this crisis is raising public expenditure for goods and services. No: anything that raises growth now is ok with me. Take for example the recent law approved in Italy following the … Continue reading →
I quote (and translate) the Carnegie Mellon scholar Uri Dadush, writing today on the Italian Sole 24 Ore: “the US have done things in the right order. First a political union, then a common budget and a common currency. Those … Continue reading →
Just finished reading the interesting section on the prestigious Journal of Economic Literature over the issue of “What is the Size of the Fiscal Multiplier – Can Government Purchase Stimulate the Economy” (if the multiplier is 2, for example, a … Continue reading →
Well, what has this G20 left as a gift to the world beside some frantic whirling around Greece and Italy? What has it left us, the citizens of a globalized planet with no global leadership? Nothing. Scan the pages of the … Continue reading →