Wednesday, September 17, 2014

Italian workers were too productive for 20 years

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The 2008 crisis has resulted in significant downward revisions of potential growth for most advanced economies. As output collapsed we revis...
Sunday, September 14, 2014

ECB: QE or QT (Quantitative Tightening)?

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Charles Wyplosz at VoxEU questions the potential effectiveness of quantitative easing (QE) as recently announced by the ECB. His main conce...
Wednesday, September 10, 2014

The Euro crash?

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As the US federal reserve might start soon raising interest rates and the ECB is about to being his quantitative easing plans, some see this...
Sunday, September 7, 2014

Whatever it takes to see helicopter Mario (Draghi)

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Mario Draghi surprised markets last week with a further cut in interest rates and a QE plan to start purchases of assets to expand the ECB b...
Tuesday, September 2, 2014

Wage moderation: a recipe for growth?

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In the economic policy debate in the Euro area it is common to hear a reference to the need for structural reforms in order to improve compe...
Monday, August 18, 2014

Irrational exuberance meets secular stagnation

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Robert Shiller warns us in the New York Times about the potential risks of high stock market valuations in the US. According to Shiller ...
Tuesday, August 12, 2014

The September 2014 recession?

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Here is a thought experiment: what if the US economy entered a recession next month? Would it be too early for a recessions? How would it co...