Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


August 19, 2014, 4:18 am, 1320836

The euro zone crisis is not back — at least not yet.

Recent movements in global markets following concerns about Portugal’s Banco Espirito Santo really had as much to do with market nerves after a long spell of repressed volatility as it did with the state of the bank’s ...


August 17, 2014, 4:18 pm, 1320026

There has been lot’s of debate in the press and in academic circles over the last week or so about whether Italy’s latest contraction constitutes a triple dip recession or simply a continuation of what’s been going on over many many years. This is an interesting theoretical nicety, but ...


August 14, 2014, 4:18 pm, 1318690

If this week’s economics news is positive then that is good. But if it’s bad then that’s even better, since there is more potential for it to improve next week, and if it doesn’t, well that’s doubly better since there will be even more reason for central banks to step ...


August 5, 2014, 4:18 pm, 1311853

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 ...


August 5, 2014, 4:18 pm, 1311852

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 ...


August 5, 2014, 4:18 pm, 1311854

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.


August 5, 2014, 4:18 pm, 1311849

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).


August 5, 2014, 4:18 pm, 1311848

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 ...


August 5, 2014, 4:18 pm, 1311850

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


August 5, 2014, 4:18 pm, 1311851

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 ...