Category Archives: Paul DeGrauwe

Paul Krugman: Debt, Spreads, and Mysterious Omissions


  Binyamin Applebaum reports on a new paper by Greenlaw et al alleging that bad things will happen to America, because debt over 80 percent of GDP leads to high interest rates, and is skeptical – but not skeptical enough. … Continue reading

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Paul Krugman: Paul De Grauwe and the Rehn of Terror


  Nobody has taught me as much about the euro crisis as Paul De Grauwe, who brought to the fore a crucial point almost everyone was overlooking: the importance of self-fulfilling debt panics in countries that no longer have their … Continue reading

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Paul Krugman: Starkness Falls


Starkness Falls, by Paul Krugman, in NY Times: Update: Via Mark Thoma, similar sentiments from Barry Eichengreen; see addendum at the end. Did the euro just enter its death throes? OK, I know that sounds over the top, and I hope it … Continue reading

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Paul Krugman: Wonking Out About the Euro Crisis (Very Wonkish)


Wonking Out About the Euro Crisis (Very Wonkish), by Paul Krugman, in NY Times: Update: Paul DeGrauwe made a similar argument several months ago, with a lot of supporting evidence. Here’s how I think of what may be going on … Continue reading

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