This is the class website for University College Dublin module Advanced Macroeconomics (ECON 30120) which was taught by Professor Karl […]
Undergraduate Advanced Macroeconomics (ECON30120) Read Post »
A new post giving somewhat positive assessment of last night’s Eurogroup announcement on banking union.
A Victory for Common Sense on Banking Union Read Post »
Some thoughts on today’s FOMC announcement and the contrast it represents to the ECB’s approach to monetary policy.
Fed’s Brave Steps Contrast with ECB’s Inertia Read Post »
The mood surrounding the U.S. economy is finally picking up. The housing market is recovering, consumer sentiment is getting off the floor and, most
Is the U.S. Set for an Era of Slow Growth? Read Post »
Some thoughts on the Greek situation and the ongoing negotiations in Brussels.
Standoff on Greece Driven by Short-Sighted Europolitics Read Post »
Lots of people I’ve spoken with about the dreaded Anglo promissory notes are mystified at why the Irish government seems
I’ve written a new paper on TARGET2. This post introduces and links to the paper.
All You Wanted to Know About TARGET2 But Were Afraid to Ask Read Post »
CEPR’s Business Cycle Dating Committee has declared the euro area economy as being in recession since 2011:Q3. Links and discussion
It’s Official: The Eurozone is in Recession Read Post »
Thoughts on last night’s Eurogroup meeting are here.
Greek Tragedy Turns to Farce Read Post »
There have been a lot of debates in recent weeks about how the Euro area’s banking union should work in
Two Posts on Banking Union Read Post »
I’ve been very busy lately so I haven’t had much time for blogging. Here is a belated assessment of where
After Mrs. Merkel’s Irish Jig, Are Ireland’s Problems Solved? Read Post »
After supposedly clarifying their position on equal treatment in relation to their bond purchases, Mario Draghi’s comments on the ECB’s
Draghi Making a Big Mistake on Greek Bonds Read Post »
A fantastic new paper by Lee Buchheit and Mitu Gulati, as well as links to other papers by Lee and
This Week’s Must-Read on the Euro Crisis Read Post »
My thoughts on Enda Kenny’s Time magazine cover are here.
The Celtic Comeback? Don’t Believe the Hype Read Post »
Data from Ireland Central Statistics Office Irish Housing Statistics National Account Data for EU Countries: AMECO Online US National Accounts
Links to Macro Data Read Post »
I haven’t been as euphoric as some commentators about Ireland’s prospects of getting a “seismic” “game-changing” deal on bank-related debt.
Germany to Spain and Ireland: Drop Dead Read Post »
Newspaper reports today suggest that greater moves towards an EU fiscal union, in the form of an expanded EU budget
I have been sensing over the past few weeks that markets have been so enthusiastic about Mario Draghi’s bond-buying plans
After the Draghi Plan: Can Germany’s Prescription for Europe Work? Read Post »
An updated version of my promissory note paper is now available. Details here.
Ireland’s Promissory Notes: An Updated Primer Read Post »
I think the “sectoral balances” viewpoint of the macroeconomy, which emphasises that income equals spending, is hugely important for understanding
Did Bill Clinton’s Budgets Really Destroy the American Economy? Read Post »
The heat seems to increasing on the ECB to release the secret letter to Ireland. In a rare public interview
Trichet Tells CNN: Don’t Publish the ECB’s Secret Letter Read Post »