These policy conferences generally define the tone of the economic debate in Ireland for weeks afterwards. Those interested in the Irish economy should consider heading along for the third DEW Policy Conference.
The third DEW conference will take place on November 2nd between 2pm and 5.30pm in the Radisson SAS Royal Hotel, Golden Lane in Dublin [...]
The debate on how to deal with newly distressed property assets to save the real economy—that’s you and I—has crystallised around the rollout of the National Asset Management Agency, NAMA. NAMA’s remit is to overpay banks for bad loans, to allow the banks to resume normal operations of credit provision to businesses. NAMA will swop [...]
Tagged GeneralHere’s my piece in today’s Sunday Independent.
Download an economics textbook from the web. Flick to the index under `R’, and look up government policy during a recession. The textbook entry will tell you when a recession hits, the government should implement expansionary policy, whether using monetary policy—giving out cheap money, or fiscal policy—borrowing cash, and [...]
A perceptive comment got me thinking about the current value of Irish banking stocks. I haven’t seen or heard a coherent explanation (other than rumours) for the steady appreciation of the values of AIB and BOI. Can someone please enlighten me? Here’s the value of both AIB (red) and BOI (blue) from July 2008.
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Congratulations to my Final Year Project Student, Dina Ibragimova, whose FYP on The Economic Performance of Ireland and Latvia from 1990 until 2007 has been awarded the BA in European Studies FYP Prize for 2009. You can take a look at this outstanding piece of work here (pdf, 712kb).
Also congratulations to Lydia Man, [...]
The fantastic Joan Mulvihil is bringing Starting Today to Limerick on the 21st of May in the Strand Hotel—here are the details, and I highly recommend going along.
Starting Today is a seminar for managers/professionals at all levels and from all disciplines impacted by recent redundancies and general career challenges in 2009. The purpose of the [...]
Tagged GeneralHere’s Ross’s new tune (one of many), on the IMF coming into Ireland.
Here’s Barry Eichengreen (ht, Irish Economy) severely criticising the theory-bound approach of mainstream economics in a recent op-ed:
What got us into this mess, in other words, were not the limits of scholarly imagination. It was not the failure or inability of economists to model conflicts of interest, incentives to take excessive risk and information problems [...]
Tagged GeneralKevin O’Rourke blogs today about the coming economic ice age where each nation tries to grow itself out of its current economic downturn by export-led growth. The only problem is, if everyone is selling, then by definition, everyone is not buying. So where does the demand come from?
This discussion reminds me of a piece JM [...]
Paul Krugman in today’s NY Times writes
[...]to satisfy nervous lenders, Ireland is being forced to raise taxes and slash government spending in the face of an economic slump — policies that will further deepen the slump.
Krugman has obviously been reading irisheconomy.ie, but it is notable how informed he is, probably thanks to the chaps (and [...]
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