Thursday, February 26, 2015

The Taylor rule conundrum

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Back in February 2005 Alan Greenspan referred to the abnormal (low) level of US long-term interest rates as a conundrum: "For the mo...
Monday, February 23, 2015

Financial crisis, the Euro and the need for political union.

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In today's Financial Times, Gideon Rachman discusses the flaws of the Euro and the possibility of failure. He admits that from the begi...
Thursday, February 5, 2015

Those mountains of debt (and assets)

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A recent report by the McKinsey Global Institute on the increasing amount of debt among advanced and emerging markets made it to the front p...
Sunday, February 1, 2015

Which countries managed the Great Recession better?

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As we compare countries' performance since the beginning of the global financial crisis we try to look for patterns that explain differe...
Wednesday, January 28, 2015

Greece, EMU and democracy

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One more post on Greece, possibly not the last one. Markets are more worried about what is going on and there is more and more talk about ...
Sunday, January 25, 2015

Grexit: it is not the debt, it is the future.

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A follow up to my previous post now that we know that the Syriza party has won the election. What comes next will not be easy. And it is not...
Monday, January 5, 2015

And this is how Greece might leave the Euro

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An interesting month lies ahead for the Euro area. On January 22 the ECB will meet and they will either announce a QE-style monetary policy ...