Published in today’s Sunday Independent.
Recovery is not reform. The government’s intended path to recovery is
a mixture of borrowing, pay cuts, and spending cuts. All recovery
plans treat the symptoms of a downturn. Global aggregate demand has
been buoyed by injections of capital by governments. There is evidence
the medicine is working. Global recovery looks in sight. Reform
however, is [...]
Cross posted at the TASC-blog.
It is almost never correct to sacrifice a present benefit for a doubtful advantage in the future. Ireland’s political classes understand this truism at the genetic level. In a world where less and less seems predictable, Ireland faces multiple uncertainties: we cannot afford to splurge on one by neglecting the other.
The [...]
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Assuming an EMU, what are the economic effects of one? We saw last week that the EU was almost certainly not and OCA, yet the EU exists as a functioning currency area. What are the likely effects of this on growth amongst member states? We developed the canonical model used to describe economic [...]
Also tagged Business, Economic growth, EU, European Union, Government, Member State of the European Union, MultilateralI’ve been going to lots of conferences recently, and I’ve been asked to chair a few sessions here and there. Some have gone well, others have been disasters, but I think after doing a few and seeing a lot in a short space of time, I’ve come up with a nice list of things to [...]
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