..is here. The line up is beefed up, and directions to and from the venue are provided. EC6012 students, please remember the Hynan's bus for the conference leaves at 7am from the KBS.
Updated Irish Economy Conference Programme
1
Bloody wordpress.
Aside
I upgraded my wordpress installation and, as has happened every.single.time I've stupidly pushed the upgrade button, the 'upgrade' broke my old site. So this is the new one, which is the default on the newest version of wordpress. I think this may prove I'm dumber than a hamster.
Upcoming talks.
I've said 'yes' to a lot of stuff this semester. I'm giving a few talks to local schools and one or two private talks I'm not allowed to advertise, but these are the ones the calendar has said I have said yes to.
Jan 19th, 2pm Thursday January 19th at the Absolute Hotel, Limerick.,"Towards a vibrant Limerick Shannon Gateway
Jan 23rd, Chairing a session at the Irish Economy Crisis Conference on Housing and housing policy.
Feb 17th, DCU, LINK Seminar. "Ireland in 2020, Economy, Politics, Society."
Feb 24th, NUI Galway Economics Department Seminar, "Towards a Stock Flow Consistent Model for Ireland"
March 9th-11th, Eastern Economics Association, Boston "Leverage, Liquidity, and Crisis" (with Antoine Godin)
March 27th, TCD Economics Department Seminar, "Stock Flow Modeling in Ireland" (with G. Tiou-Tagba-Aliti)
April 12th-14th, INET Plenary Conference Berlin, "Paradigm Lost: Rethinking Economics and Politics"
April 17th, Brown University, Rhode Island "The Failure of the Euro? Causes and Consequences for Europe and Beyond"
April 26-27, Irish Economic Association Meetings in Dublin. "Eh, Not quite sure yet"
Oh dear.
Update to the Crisis Conference
Demand for the Crisis Conference has been overwhelming, so we have moved the location and upgraded the speaking roster. Please do RSVP if you want to come, all details are here.
New Module Pages
I'm teaching two modules this semester, the module pages are here:
EC4024, Financial Economics
EC6012, International Monetary Economics
Jan 27th Conference on the Irish Economy
I've helped to organize this conference on Jan 27th in Dublin. Full details are here. The conference was announced today, and there are over 100 RSVPs, so I'd book early to get a place as space is limited.
Ireland's Balance Sheet Recession
I've been banging on about Ireland being in a balance sheet recession for some time. Richard Koo's latest paper in Real World Economic Review (.pdf) has some really interesting charts, including one on Ireland's balance sheet recession, which is here.
Deleveraging in the Eurozone
Vincent O'Sullivan and I have some thoughts on the issue for VoxEU here. Vincent O'Sullivan and I have some thoughts on the issue for VoxEU here.
Audio of The Euro Crisis: Markets vs Politics
Here's the audio of last week's roundtable discussion between Martin Mullins, Lorcan Roche Kelly, John Walsh, Finbarr Murphy, and myself.
The Euro Crisis: Markets vs PoliticsSummary of 2011.
Warning: Extremely self-centred post.
Every year I do a roundup of my activities and try to think about the next year. 2011 was one busy-ass year.
In order of importance then:
Children born: 1
Books published: 2
Book contracts signed for 2012/2013: 2
Peer-reviewed articles published: 9
Articles under review at 15/12/2011: 7
PhD students defended: 1 (well done Dr Trepel!!)
Msc/FYP students supervised: c. 20.
Grants submitted: 6 (1*HRB, 2*IRCHSS, 1*INET, 1*Seed Funding): c. 500,000
Grants won: 2 (INET, Seed Funding): c. 160,000.
Journalism: 18 articles.
Reviewing: Books (3) Papers (10) Grants (10).
Courses taught: 4.
Advocacy: New Beginnings met over 2000 clients in 2011; we published our mortgage plan also.
Conferences organized: 1.
Conferences attended: 6.
Radio/TV/documentary/etc. appearances: far too many to count but at least 2/3 per week (and sometimes many more)= c. 100-120. This is really not a good thing. I'm not comfortable at all with the 'celebrity economist' moniker.
Public speaking stuff at schools, etc.: 5/6.
Plans for next year, 2012.
Focus.
Write 1 really good book read by more than 3 people.
Publish minimum 5 peer reviewed articles, write 5 more.
Write 10 (and only 10) pieces of journalism.
Publish minimum 5 peer reviewed articles, write 5 more.
Write 10 (and only 10) pieces of journalism.
Do a lot less radio/TV/etc, perhaps 1 per week.
Roll our INET Project to build a stock flow consistent model of Ireland.
Publish guest-edited Research in International Business and Finance issue.
Teach 4/5 courses (Financial Economics, International Monetary Economics, Economics for Business, European Economy, Masters-level Macroeconomics)
Attend 4/5 conferences.
Organise 1 conference, probably another Bizcamp.
Roll our INET Project to build a stock flow consistent model of Ireland.
Publish guest-edited Research in International Business and Finance issue.
Teach 4/5 courses (Financial Economics, International Monetary Economics, Economics for Business, European Economy, Masters-level Macroeconomics)
Attend 4/5 conferences.
Organise 1 conference, probably another Bizcamp.
What the EU Should Learn From Ireland's Austerity Fiasco
Here's a piece I wrote for Foreign Affairs on Ireland's recent experiences with austerity.
INET Interview
Financial and Regulatory Failure: The Case of Ireland
Here's a new paper with KPV O'Sullivan.
Abstract. The paper chronicles the evolution of financial regulation in Ireland, with particular attention given to the roles, responsibilities and actions of those authorities responsible for maintaining financial stability. It examines the role of financial regulation during the property bubble, in particular, the huge increase in property-backed lending which fueled its growth during the mid-2000s. We examine the impact of ongoing government support to the banking system and the damage which has been done to public finances since the banking crisis.
Sample Answer for Q3 on Sample Paper
Some students are having trouble getting to the answer on Q3 on the sample paper. Here's a rough guide to the solution.
National income is GDP minus depreciation.
GDP is C+I+G+X-M. So from the sample exam, here we have
GDP = 4750+900+1400+810-850 = 7010.
National Income = GDP – 450 (depreciation) = 7010-450 = 6560.
Personal income is national income less corporate profits, less income taxes, and plus transfer payments.
So we have 6560-50-600+700 = 6610.
Personal disposable income is personal income minus personal taxes.
Personal disposable income is 6610- 800 = 5810.
Hope this helps, good luck with the exam tomorrow, I'll see everyone there.
The Euro Crisis – Capital Markets versus Politics
Dr. Martin Mullins (chair), Department of Accounting & Finance
John Walsh, Editor of Business and Finance magazine
Lorcan Roche Kelly, TrendMacro, Hedge Fund Advisor
Dr. Stephen Kinsella, Department of Economics
Dr. Finbarr Murphy, Department of Accounting and Finance
Date: Friday December 2nd, 10h30-12h00
Venue: Kemmy Business School, KB1-16
All are welcome to attend