Politics Roundtable

Technical Problems 3/9/15

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Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


June 30, 2015, 8:18 am, 1499205

This Politico piece of mine argues that Europe has talked itself around to sharing the effort to rescue shipwrecked migrants in the Mediterranean, having floated a variety of draconian threats to justify getting warships down there and then quietly backed out of them.

I hang this story on the ...


June 29, 2015, 8:18 am, 1498494

Now that Greece has controls on outtake from banks, capital controls, many commentators are comparing Greece to Iceland. There is little to compare regarding the nature of capital controls in these two countries. The controls are different in every respect except in the name. Iceland had, what I would call, ...


June 27, 2015, 2:18 pm, 1498018

Reuters

One official said Eurogroup chair Jeroen Dijsselbloem would make a statement following the meeting of the 19 before a further meeting of the 18 with creditor institutions, including the ECB and IMF.

Greece is excluded from that latter meeting. Greece is a member of the IMF. The IMF’s


June 5, 2015, 10:18 am, 1486585

This FAZ story, suggesting that Angela Merkel and Wolfgang Schäuble are not on the best of terms over negotiations with Greece and that Wolfi might even resign, should be read in the context of Merkel’s past career.

Schäuble wiederum habe nur zufällig von dem Treffen vorab erfahren und zwar nicht ...


May 31, 2015, 10:18 am, 1483419

Austria was one of the eleven founding members of the Eurozone in January 1999 but the Austrians never quite put their money where their mouth was: Austria is the only euro country where households flocked to take out foreign currency loans. About three quarters of these loans are coupled with ...


May 18, 2015, 4:18 am, 1476078

Everything has a cost, or so the story goes, especially time. In the Greek case we now know an additional item on the mounting bill: the country is back in recession. The issue is who – apart of course from the long-suffering Greeks themselves – will pay the extra costs ...


May 15, 2015, 10:18 am, 1475149

Following up on the ideas in this post, here’s an interesting chart from the Bank of England Inflation Report.

In our model, people advance along at least locally optimal career paths in expansions, and ...


May 5, 2015, 2:18 pm, 1468022

He must be chosen from among you as a scapegoat. Hipponax

One of the more intriguing aspects of the whole modern Greek drama is the tragicomic way the country seems to be constantly condemned to live out well known themes which come from its own mythology. The latest example is the ...


April 28, 2015, 6:18 pm, 1463445

The Swiss Franc unpegging from the euro 15 January this year brought the risk of foreign currency borrowing for unhedged borrowers yet again to the fore. In Central, Eastern and South-Eastern Europe lending in Swiss Franc and other foreign currency, most notably in euros, has been common since the early ...


April 17, 2015, 2:18 pm, 1457315

What Business Insider’s Mike Bird somewhat ironically calls #euroboom2015 seems to be well and truly with us.

The WSJ’s Simon Nixon spelled it out for us in his ...