Category Archives: Europe

Week 27, 2013, further reading


Rationality and the Euro by Paul Krugman, NYT ———————————————————— Austerity Won’t Work if the Roof Is Leaking by ROBERT H. FRANK, NYT ———————————————————— Nobody Pays Any Attention To What I Say by Paul Krugman, NYT ———————————————————— E Pluribus Unum by Paul Krugman, NYT ————————————————————

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Week 26, 2013, further reading


The Always-Wrong Club by Paul Krugman, NYT ———————————————————— Careless talk may cost the economy by Martin Wolf, ft.com ———————————————————— Florida Versus Spain, An Update by Paul Krugman, NYT ———————————————————— Nova SBE is once again the sole Portuguese school in the FT Finance ranking We … Continue reading

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Paul Krugman: Florida Versus Spain, An Update


  I’ve suggested on a number of occasions that one good way to understand the problems of the euro is to compare the experiences of Florida and Spain. Both had huge housing bubbles, fed in part by buyers of coastal … Continue reading

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Week 25, 2013, further reading


Profits Without Production by Paul Krugman, NYT ———————————————————— Rents and Returns: A Sketch of a Model (Very Wonkish) by Paul Krugman, NYT ———————————————————— Reform of British banking needs to go further by Martin Wolf, ft.com ———————————————————— A Potentially Tragic Taper by Paul Krugman, NYT … Continue reading

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Paul Krugman: Structural Excuses


  I promised in an earlier post to say something about why these days I tend to get annoyed when I hear the phrase “structural reform”, especially in Europe. Part of the reason is that the phrase sounds good, but … Continue reading

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Paul krugman: The Hellenization of Economic Policy


  Simon Wren-Lewis has been on a roll lately; his latest talks about how the mishandling of Greece inflicted vast damage on the European economy as a whole, and to some extent the US economy too. Basically, troika officials refused … Continue reading

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Links for week 24, 2013


Against Stupidity, The IMF Itself Contends In Vain by Paul Krugman, NYT ———————————————————— What Sweden Can Tell Us About Obamacare by Robert H. Frank, NYT ———————————————————— Worthwhile Canadian Comparison by Paul Krugman, NYT ———————————————————— I.M.F. Urges Washington to Repeal ‘Ill-Designed’ Spending Cuts, by … Continue reading

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Paul Krugman: The Macroeconomics of European Disunion


  Wolfgang Münchau makes a point that isn’t new, but still gets overlooked too often: the euro area is, for practical macroeconomic purposes, a single unit — and one that doesn’t really do all that much trade with the rest … Continue reading

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Paul Krugman: The Triumph of Peter Kenen, The Revenge of Robert Mundell


In America, it’s sad when your friends move away; in Europe, it may be a tragedy. Back in the 1960s, a new concept emerged in international macroeconomics: optimum currency area theory. The question it sought to answer was, when should … Continue reading

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Paul Krugman: Procyclical Policy for Germany


  OK, like Brad DeLong, I’d like to move on. Let’s stipulate that: 1. I am a big meanie2. Reinhart and Rogoff never should have claimed that there is some kind of critical threshold at 90 percent, and they certainly … Continue reading

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