Just a quick reminder that this week's lectures are online already, I'm travelling tomorrow and Friday and so you don't need to come to lectures.
It is important to examine the logic and the economic case for setting up Irish Water, as toxic (again, no pun intended) as that might be.
Irish Water should have been set up with little fanfare and little drama, instead it is being drowned (no pun intended) in a sea of damaging revelations. A pity, because this is a very important area of public policy.
My slides are here.
Buttiglione et al, Deleveraging? What Deleveraging?
Mazzolini and Mody, Austerity Tales: the Netherlands and Italy.
McLeay et al, Money creation in the modern economy: an introduction
This conference is something I'm really excited to be a part of, it contributes to the education of Europe's best new scholars in new economic thinking, of course, as well as connecting this group to policy makers from across Europe. Check out the programme here.
Nice budget, shame about the politics.
Some people will be happy, others will be sad as a result of Budget 2015, but the process has been farcical and it proves we haven't learned a thing. Quite depressing.
Here are my slides for tonight's talk on European Economic Policy, What's in it for Ireland?.
Political business cycles at the beginning of a recovery might end up being a risk the economy can't take.
GDP growth just is a necessary but not sufficient condition to describe a recovery. We have to look at other measures of macroeconomic success.
Not sure if this is useful, or not. Here's a 6 second derivation of the Infinite Horizon Model from pages 88-91 of Growth and Distribution for EC6021, Macroeconomic Theory. Let me know if it makes sense to keep doing these.
Positive news is important, but the recovery is still fragile, and unequally distributed.