Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros

July 15, 2014, 6:18 pm, 1301450

“Spain has turned the corner”. With this stark statement the IMF opened it’s annual Article IV consultation report for 2014. Naturally the statement rankled, with this author among others, because at first sight it seems to be saying something which on closer reading of the report you find ...

June 30, 2014, 4:18 pm, 1293362

Bank for International Settlements 84th Annual Report, page 11 –

Second, as growing evidence suggests, balance sheet recessions are less responsive to traditional demand management measures (Chapter V). One reason is that banks need to repair their balance sheets. As long as asset quality is poor and capital meagre, banks will tend to ...

June 29, 2014, 4:18 pm, 1292922

Just in case anyone was in any doubt last weeks newspaper headlines blared it out for us loud and clear – Japanese inflation is back, and has even hit levels last seen in 1982. (Click on image below for better viewing).

June 26, 2014, 8:18 pm, 1292035

Stefan Kornelius in the Süddeutsche Zeitung says that it’s a myth that the EU has always managed to bring off major reforms, once it really came under pressure. Instead, whenever it came under pressure, it managed to do something dramatic – but it was usually wrong.

Es gehört zu den ...

June 26, 2014, 8:18 pm, 1292034

You know when I said the NSA was getting telecoms intercepts from the German intelligence services? They were.

June 22, 2014, 4:18 pm, 1289741

So, the “mini-summit” of Socialist heads of state or government has happened, and it says….Juncker! Their conditions for this are apparently:

more time for “reforms” this time is conditional on “reforms” no change to the Stability Pact

Parturiunt montes, nascitur riduculus mus. The Eurozone No Turning Back group. Everyone’s a member.

June 22, 2014, 4:18 pm, 1289740

EU news is as depressing as it could possibly be. Let’s watch football.

I always regret the World Cup group stage once it’s over. It’s the bit that actually expresses the whole “worldwide festival of football” element, before the knockout phase starts to home in on the ever narrower pinnacle of ...

June 22, 2014, 4:18 pm, 1289739

So this is a thing. It must be – it’s in the New York Times Magazine and the Süddeutsche Zeitung on the same weekend.

Dean Baker is rough on It’s Official: the Boomerang Kids Won’t Leave. To be fair, the NYT article actually does make the point that ...

June 20, 2014, 8:18 pm, 1289408

One of the things that annoyed me about the rush to Juncker, as it were, can be summed up by this chart from the European Parliament in the UK.

LATEST STATE OF PLAY: Updated European Parliament group projections. pic.twitter.com/3ExdEUdyk8

— Europarl UK (@EPinUK) June 19, 2014

June 20, 2014, 10:18 am, 1289090

Olli Rehn’s last ECOFIN press conference has just finished. AFOE would like to take this momentous occasion as an opportunity to salute Rehn’s towering achievements, and Matthew Yglesias passes on exactly what we need.

Yes, we ...