Showing posts with label Austerity. Show all posts
Showing posts with label Austerity. Show all posts
Sunday, July 19, 2020

18/7/20: Europe, the Land of the Unliving Leadership

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If the U.S. of A. is the land of the brain-dead leadership, Europe (the EU) is the land of the unliving ones. The difference is the ratio ...
Monday, September 2, 2019

2/9/19: One view of Austerity

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A picture is worth a thousand words, some say. So here is a picture of austerity we've had (allegedly) in recent decades: Source:...
Tuesday, August 20, 2019

20/8/19: Public Spending in the Euro Area: Post-Crisis Austerity?

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Given the never-ending repetition of the 'austerity narrative' in European economic analysis, it is virtually impossible to conclu...
Tuesday, October 17, 2017

17/10/17: Welcome to the Keynesian Monetarist Paradise

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Via IMF, a chart plotting changes  in sovereign  debt holdings across Government, International & Central Bank agencies (so-called G-4...
Thursday, September 28, 2017

28/7/17: Climbing the Deficit Mountains: Advanced Economies in the Age of Austerity

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Just a stat: between 2001-2006 period, cumulative Government deficits across the Advanced Economies rose by SUD 5.135 trillion. Over the s...
Friday, July 21, 2017

21/7/17: What Irish Civil Service is Good For?..

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Recently released data on 2011-2016 Irish Government financial metrics shows that despite all the reports concerning the adverse impact of...

21/7/17: Professor Mario: Meet Irish Austerity Unsung Hero

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In the previous post covering CSO's latest figures on Irish Fiscal metrics, I argued that the years of austerity amount to little more...

21/7/17: Ireland: a Poster Child for Austerity through Taxes

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Ever since the beginning of the Crisis in 2008, Irish policymakers insisted staking the claims to the heroic burden sharing of the post-Cr...
Sunday, June 11, 2017

10/6/2017: And the Ship [of Monetary Excesses] Sails On...

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The happiness and the unbearable sunshine of Spring is basking the monetary dreamland of the advanced economies... Based on the latest dat...
Wednesday, January 18, 2017

17/1/17: Government Debt in the Age of Austerity

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The fact that the world is awash with debt is hard to dispute (see data here and here ), but it is quite commonly argued that the aggress...
Sunday, December 11, 2016

10/12/2016: Austerity: Three Wrongs Meet One Euro

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"Is it the 'How' or the 'When' that Matters in Fiscal Adjustments?" asks a recent NBER Working Paper (NBER Worki...
Tuesday, September 6, 2016

6/9/16: The Pain in Spain: Growth vs Structural Deficits

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FocusEconomics have published an interesting research note on Spanish economy.  The country has been muddling through  An ongoing po...
Friday, February 20, 2015

20/2/15: Troika 3 : Greece 1. Rematch on Monday.

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Eurogroup agreement on Greece 'achieved' tonight is a classic can kicking exercise in which Eurogroup and the Troika have won, Gre...
Saturday, March 22, 2014

22/3/2014: Mind the Gap... Primary Balances Gap...

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Here's a chart from Pictet showing precisely why all the austerity has been the case of too-little-to-date when it comes to stabilisin...
Thursday, January 23, 2014

23/1/2014: The Age of Great Stagnation: Village Magazine, January 2014

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This is an unedited version of my column in Village  magazine for December 2013-January 2014. With employment rising, property prices on...
Friday, November 29, 2013

29/11/2013: McKinsey estimates of QE effects on economies

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Recent paper by McKinsey Global Institute, published November 2013 and titled "QE and ultra-low interest rates: Distributional effect...
Tuesday, June 18, 2013

18/7/2013: QE or Not-QE... spot the difference?

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My recent exchange with @LISwires on the issue of risks involved in both continued QE and pursuing an exit strategy. The tweet the start...
Monday, June 10, 2013

10/6/2013: Italian GDP for Q1 2013

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Italian GDP release for Q1 2013 in few tweets and a picture So, 'fail' on preliminary reading, showing lead indicators being too...