European
Acting Man
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Rate Cutters Unanimous
Easy Money Becomes Even Easier Last week the FOMC surprised the markets with a rare inter-meeting rate cut. As the FOMC statement released on the occasion reveals, the decision to cut the federal funds rate by a hefty 50 basis points was unanimous. The much-lamented “zero bound” is coming closer rather quickly. A happy little money tree… from “The Joy of Printing” As Mish notes here, Mr. Powell stated the following in remarks to the press...
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The Corona Virus Epidemic – Going Global
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Silver Backwardation Returns – Precious Metals Supply and Demand
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The Secret to Fun and Easy Stock Market Riches
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The Constitution IS the Crisis
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A Pharmaceutical Stock That Is Often Particularly Strong At This Time Of The Year
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The Triumph of Madness
Antonio Fatas
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COVID-Economics Links (April 1)
Daily list of links "Whatever it takes." Getting into the specifics of fiscal policy to fight COVID-19 - Olivier Blanchard (PIIE) The importance of an expanded U.S. Unemployment Insurance system during the coronavirus recession - Arindrajit Dube The Priority for the Social-Distancing Period - Michael Spence (PS) Following the Science or a National Scandal - Simon Wren-Lewis Will the Economic Strategy Work? - Jean Pisani-Ferry (PS)...
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COVID-Economics Links (March 31)
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COVID-Economics Links (March 30)
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COVID-Economics Links (March 29)
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COVID-Economics Links (March 28)
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COVID-Economics Links (March 27)
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COVID-Economics Links (March 26)
Bruegel Think Thank
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Will the economic strategy work?
Because even thriving companies can be killed in a matter of weeks by a recession of the magnitude now confronting the world, advanced-economy governments have reacted in a remarkably similar fashion to the COVID-19 crisis. But extending liquidity lifelines to private businesses and supporting idled workers assumes a short crisis. By: Jean Pisani-Ferry Date: April 1, 2020 Topic: European Macroeconomics & Governance With the...
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The macroeconomic policy response to the COVID-19 crisis
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Why are some stock markets in Asia less affected by coronavirus?
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How COVID-19 is laying bare inequality
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The fiscal consequences of the pandemic
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Is COVID-19 triggering a new emerging-market crisis?
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Facing the lower bound: what will the ECB do in the next recession?
Centre for European Reforms
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Time for a regime change in Frankfurt
In recent years, the European Central Bank’s (ECB) monetary policy has been half of what is necessary, two years late. To get eurozone inflation back to its ‘close to 2 per cent’ target, the ECB needs to be much bolder. The ECB’s meeting on March 10th is shaping up to be one of its most anticipated. Inflation remains far below target and market expectations of future inflation have hardened at very low levels, indicating that investors have...
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The refugee crisis: Fixing Schengen is not enough
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Deal done: Now for the hard work
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Would an ‘independent’ Britain want to join the single market?
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China’s European charm offensive: Silk Road or Silk Rope?
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Merkel after Paris
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Terrorism in Paris: Aux armes, citoyens?
Chris Dillow: Stumbling and Mumbling
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The Tories’ dilemma
Matthew Parris in the Times raises a challenge for Tories – but not, perhaps, the one he thinks he does. The government’s willingness to borrow to get through the crisis, he says, undermines the traditional “Conservative case for prudence in public spending.” And if there are not the limits the Tories thought on public spending, then: The Tories had better brace themselves serious questions about how we can do it for a virus but not to save...
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Another wasted crisis?
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Against “aggregate demand”
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Against one-trick ponies
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Winning the argument?
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On (un)predictability
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On centrist decline
Craig Willy
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The Romanian Palimpsest
The foreigner in Romania is immediately struck by the country’s hybrid culture. This is obvious from the first words one learns to garble: piața (very close pronunciation to Italian’s piazza), mersi (from the French merci, though the “r” is a little more rolled), da (yes…), or even bacşiş (baksheesh). We then have a mysterious mélange of Western and Eastern Europe, the Romanian roots are decidedly mixed. Like in any country, the stages of...
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Krugman Vindicated?: Eurozone Debt Apparently Falling
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ECB’s Cœuré Calls on Politicians to Hurry Up and Build the Eurozone Superstate and Federal Budget
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Why is so much official EU art ugly?
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Draghi: EU is “most advanced experiment” in transnational government
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Eurostat: Women Outnumber Men 2-to-1 in Teaching Across Europe (But Still Under-Represented in Universities)
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Why is free Kosovo providing highest number of “asylum-seekers” to the EU?
David Smith’s EconomicsUK
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Whatever it takes – but with an eye on the public finances
Whatever it takes - but with an eye on the public finances Posted by David Smith at 09:00 AMCategory: David Smith's other articles My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. For those of us who were not around at the time, one of the most impressive things that happened during the Second World War was that, even when the outcome was highly uncertain, planning for a post-war future took...
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The deeper the dive, the longer the way back
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The chancellor places his bets on a £1 trillion gamble
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Get businesses to invest or you can forget about levelling up
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A nasty shock – but only if we panic about the pandemic
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Sunak gets ready to do a reverse Osborne
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When a chancellor quits, we should all be unsettled
Economistmeg
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Policy Response to Coronavirus
I had the great pleasure of joining David Beckworth on his Macro Musings podcast to discuss what monetary and fiscal policy can do to fight the negative impact of the coronavirus, as well as the future of monetary policy given the soon arrival of the effective lower bound. Have a listen! Share this
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Global Macro and Market Implications of the Coronavirus
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Immunise Your Portfolio from the Coronavirus
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Monetary Policy Strategy Reviews a Disappointment
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Inequality–Up or Down?
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What Will the New Decade in Global Trade Bring?
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What’s Ailing the Global Economy?
Eurostat News Releases
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Euro area unemployment at 7.3%
Download PDF
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Euro area annual inflation down to 0.7%
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Hourly labour costs ranged from €6.0 to €44.7 across the EU Member States in 2019
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EU Member States granted citizenship to over 670 thousand people in 2018
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EU trade in goods balance close to €200 bn surplus in 2019
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612 700 first-time asylum seekers registered in 2019, up by 12% compared with 2018
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Production in construction up by 3.6% in euro area
IFO Hans-Werner Sinn & Clemens Fuest
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ifo Institute: Economic Experts Fear Tariff War Will Shrink World Trade
International economic experts fear that the tariff war between the US, China, and Europe will lead to a decline in world trade. This is the result of the World Economic Survey conducted by the ifo Institute among 1,130 economists worldwide. When asked to name the most significant consequence of the higher tariffs, the predominant answer was “less trade.” This answer scored 1.7 on a scale of 1 to 3, where 1...
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ifo Economists’ Panel: Economists Do Not Expect East German States to Catch up Any Further
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CESifo Newsletter 2019/04
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Légère amélioration de l’indice ifo du climat économique mondial
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ifo World Economic Climate Recovers Slightly
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ifo President Fuest Calls for a “Europe of Opportunity” Instead of “Europe As a Fortress”
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Clemens Fuest, le président de l’Institut ifo, oppose sa vision d’une « Europe des chances » à celle d’une « Europe-forteresse »
Il fatto quotidiano Alberto Bagnai
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Alberto Bagnai – Il Fatto Quotidiano
Guardate questo breve scambio su Twitter: Paolo Cirino Pomicino sostiene che l’entrata nell’euro non fu di per sé un errore: l’errore fu entrarci al cambio sbagliato. Alla richiesta di precisare quale sarebbe stato quello giusto, precisa: “poco più della metà”. Insomma, il cambio corretto, secondo Cirino Pomicino, sarebbe stato di circa 1000 lire per euro (la conversazione, se interessa, è qui). Qualcuno penserà: “Chiacchiere del sabato...
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Orlando privatizza la giustizia online
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Orlando privatizza la giustizia online
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I disoccupati “veri” in Italia sono il 30%: più che in Grecia
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I disoccupati “veri” in Italia sono il 30%: più che in Grecia
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Non è il libero commercio che favorisce i lavoratori
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Non è il libero commercio che favorisce i lavoratori
London School of Economics
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The European Union’s reaction to the Covid-19 pandemic – a preliminary assessment
How well has the European Union handled the Covid-19 pandemic? Dionyssis G. Dimitrakopoulos and Georgette Lalis present a detailed analysis of the EU’s actions thus far in the outbreak. They write that despite a slow and initially haphazard approach, there has ultimately been a substantial response. Public health care systems, alongside state bureaucracies and public finances, are being tested to their limits by the Covid-19 pandemic. The same...
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Beating Covid-19: The problem with national lockdowns
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Assessing the European Union’s performance in the Covid-19 pandemic
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Greek-Turkish border crisis: Refugees are paying the price for the EU’s failure to reform its asylum system
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Europe’s failure to address Covid-19 shows the need for a European ‘health citizenship’
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Europe’s choice: A borderless crisis requires a borderless solution
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Does differentiated integration improve the democratic legitimacy of the European Union? Evidence from the 2015 Danish opt-out referendum
MNI Euro Insight
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MORNING DIGEST: July 18, 2016
EU foreign ministers gather in Brussels Monday, with the situation in Turkey set to top the discussions, along with the ongoing terrorism threats in Europe following the Nice attack. They will be joined by John Kerry, the US Secretary of State, to talk about EU-US relations and how to move forward with global foreign policy issues. Boris Johnson, recently appointed UK foreign secretary following the British vote to leave the EU, will make his...
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MORNING DIGEST: July 15, 2016
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Analysis: Vestager Comments Suggest Some Investor Bail-in if Italy’s Banks are Recapitalised
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Analysis: Bank of England Easing Decision is Delayed, not Cancelled, While MPC Gathers Data
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MORNING DIGEST: July 14, 2016
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Euro Insight Poll: Brexit Crushes Hopes for Stronger Eurozone Recovery
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Analysis: NATO’s Troop Buildup Seeks to Contain Russian Expansion but Alliance is Split on Strategy
On French Politics
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L’Italie face aux épidémies : un retour de l’histoire ?
A l’heure où l’épidémie de Covid-19 place l’Italie du nord (Lombardie) comme l’un des épicentres majeurs de la pandémie mondiale avec le plus fort nombre de victimes à ce jour, un retour vers le Moyen-âge montre à quel point la mort liée aux épidémies figure déjà au centre des problématiques de l’histoire italienne. Parmi les études de démographie disponibles sur l’Occident médiéval, celle publiée en 1978 par l’historienne Christiane...
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Melvin Richter, 1921-2020
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Ruins and Renewal: An Interview with Wendy Brown
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Revue de Presse : 22 mars
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American Dreamwork
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Is Friedrich Hayek to Blame for our Political Crisis?
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Cartographies of Subjugated Critique
Political Thoughts – the magazine
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The Political Fallacies
Political beliefs depend on the many assumptions that we accrue during our lives. The young voter is particularly prone to fallacious assumptions because of lack of experience.The worst fallacies are the caring fallacy, the fallacy of reasonableness, the globalization fallacy, the fallacy of historical responsibility and the fallacy of the planned economy.The caring fallacy is an example of a fallacy that is common among younger voters. It...
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Coronavirus: Remain or Leave?
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Coronavirus: How long will it last?
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The Hive Mind: the future of the Internet
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After Coronavirus
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Can the banks survive coronavirus?
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Was Coronavirus an escaped Chinese Bioweapon?
Professor Werner
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EU Basics – Your Guide to the UK Referendum on EU Membership
By Professor Richard A. Werner, D.Phil. (Oxon) 20 June 2016 The British people should be clear about just what they will be voting on at the EU referendum this Thursday. What does it actually mean to stay in the EU? What does it mean to exit? Concerning the second question, the dominant issue in the debate has been the question whether there will be a significant negative economic impact on the UK from exiting the EU. Prime Minister David...
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Is Germany to blame for the European mess?
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„Negative“ Interest Rates and the War on Cash
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What should be done about Greece – and what is likely to happen
Protesilaos Stavrou
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More ECB QE will not stop the Coronacrisis
2020-03-21 On March 19, 2020 the European Central Bank announced a new round of asset purchases (Quantitative Easing or QE) that are specifically intended as a response to the economic downturn caused by the coronavirus pandemic. From the announcement: […] the ECB’s Governing Council announced on Wednesday a new Pandemic Emergency Purchase Programme with an envelope of €750 billion until the end of the year, in addition to the €120...
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On trust, global inter-dependence, and sustainability
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I signed the Public Domain Manifesto
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The untenable capitalist case against billionaires
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Technocratic communism is not the answer
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Notes on the “Joe Rogan Experience” episode #1393
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The shadow play of “populism”
Rybinski
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Page not found · GitHub Pages
Page not found · GitHub Pages File not found The site configured at this address does not contain the requested file. If this is your site, make sure that the filename case matches the URL.For root URLs (like http://example.com/) you must provide an index.html file. Read the full documentation for more information about using GitHub Pages.
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Szczęśliwego Nowego Roku – kilka dobrych rad na koniec
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Polska przekracza granice międzynarodowej śmieszności
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Czy testy czynią uczniów głupszymi
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Czy sprawdziły się moje prognozy na 2016 rok
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What Trump election means for global economy?
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Spór o kluczowe wartości wymaga przeprowadzenia referendum
The Economist Europe
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Russia’s economy is isolated from the global rout
Mar 26th 2020MOSCOWVLADIMIR PUTIN is no doubt feeling smug. The Russian economy ought to be in crisis, but it is not. Covid-19 is causing a global meltdown. The price of oil has slumped below $30 a barrel, half what it was two months ago. Oil and gas traditionally account for two-thirds of Russian exports. That has sent the rouble sliding. The currency has lost nearly a third of its value since early January.Yet even as the world’s richest...
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Germany offers cash for everyone
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Why Dutch swear words are so poxy
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Spain has suffered more covid-19 deaths than any country save Italy
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Why does Germany’s death rate look better than Italy’s?
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How grasshoppers triumphed over ants in Europe
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More Europe or less?
The Market Monetarist
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Well done! Decisive actions from global central banks
Sunday night European time global central banks under the leadership of the Federal Reserve moved decisively to calm down market fears of eroding global dollar liquidity and to ease global monetary conditions. See my comments on the this decisive and positive policy action here. Share this:Like this:Like Loading...
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A (Keynesian-Monetarist) proposal to shock the euro zone out of the crisis
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Robert Hetzel on the monetary response to Covid19
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The monetary response to the ‘corona shock’ is (hopefully) underway
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The statement the Federal Reserve should publish ASAP
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The scary risk that central banks will turn the ‘corona shock’ into a global recession
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Quants should pay a lot more attention to monetary matters – a tale of two Chicago traditions
VoxEU
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The COVID concussion and supply-chain contagion waves
Supply chain contagion waves: Thinking ahead on manufacturing ‘contagion and reinfection’ from the COVID concussion COVID-19’s impact on world manufacturing is radically different than the impact caused by other pandemics over the last 100 years. This one struck all the largest manufacturing economies in the world (Figure 1) – and pretty much all at once. As a result, these nations are entering a very strange type of recession...
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The impact of COVID-19 on education
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Building effective short-time work schemes for the COVID-19 crisis
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Coping with a dual shock: COVID-19 and oil prices
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COVID- 19, inequality, and gig economy workers
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Economists in the 2008 crisis: Slow to see, fast to act
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Policy for the COVID-19 crisis: IGM Forum survey
