Here is Christina Romers’ (Obama economic advisor in the early years of his White House) take on whether this Administration had used too much of the stimulus: “Now, it would take another bold move—probably substantially larger than the $450 billion … Continue reading →
Ecco (prima puntata) l’articolo di colei, Christina Romer, che ha scritto il piano fiscale dell’amministrazione Obama, un enorme piano di 787 miliardi di dollari (5% del PIL!) per sostenere la crescita economica americana in questo periodo di crisi durissima. Enorme? … Continue reading →
An undergraduate student I supervise, Giulia Di Pierro, is finishing up her thesis and has examined 48 episodes of expansionary fiscal policies in 19 OECD countries (Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Norway,the Netherlands, Portugal, Spain, … Continue reading →
Una studentessa del triennio che si sta per laureare sotto la mia supervisione, Giulia Di Pierro, ha esaminato 48 episodi di politiche fiscali espansive su 16 paesi dell’OCSE (Australia, Austria, Belgio, Canada, Danimarca, Finlandia, Francia, Germania, Italia, Giappone, Norvegia, Paesi … Continue reading →
All this flirting with emerging economies a few days after the G20 defeat to obtain support from them: “In spite of the decoupling experienced in recent years, the fortunes of advanced and emerging economies are intimately linked. The growth of emerging … Continue reading →
Introductory remarks by Mario Draghi, President of the ECB, at the 21st Frankfurt European Banking Congress “The Big Shift”, Frankfurt am Main, 18 November 2011 “Activity is expected to weaken in most of the advanced economies. This is the result … Continue reading →
Wonderful stop-over of 24 hours in Lisbon. So changed and so the same with respect to 20 years ago, last stop. Exquisite bacalhau, thank you Luis and Pedro. Portugal’s spread with Germany is at 9,5% and its policies are determined … Continue reading →
Splendida fermata di 24 ore a Lisbona. Così cambiata e così uguale rispetto a 20 anni fa, ultima fermata. Bacalhau squisito, grazie Luis e grazie Pedro. Portogallo con spread con la Germania a 9,5% e sotto tutela della troika FMI, … Continue reading →
Here follow the evolution of the French-German Government bond spread: June 1st: 0,35% July 1st: 0,39% August 1st: 0,7% September 1st: 0,72% October 1st : 0,71% November 1st: 1,18% November 8th: 1,3% November 15th: 1,92% Message received: break-up of the euro … Continue reading →
Forse domani, con l’annuncio della nuova squadra, gli spreads Italia-Germania caleranno pure. Conta però seguire cosa succede allo spread Francia Germania. Vediamo un po’. Spread Francia Germania: 1mo giugno 35 punti base (0,35%) 1mo luglio 39 punti base (0,39%) 1mo … Continue reading →