The Daily Beast: Africa Is Rising: Inside the Continent’s Great Economic Leap, Jan. 6, 2013Most of the globe may still be reeling from the great recession, but one continent is booming. Surprise—it’s Africa. Jake Bright on what’s driving the growth,… more »
Project Syndicate: The ECB’s Lethal Inhibition, by Barry Eichengreen (Berkeley), April 12, 2012
..."The ECB’s surprise liquidity operation put the continent’s crisis on hold. But now, just fourth months later, matters are again coming to a head. The b… more »
Not unnaturally Viktor Orban has been visibly trying to back away from the rapidly deteriorating confrontation, and only last Friday said his administration believes striking a deal with the European Union and the International Monetary Fund on a financi… more »
Smart Money: What a German Downgrade Could Mean for Investors, Dec. 6, 2011While Standard & Poor’s warning that it might downgrade the credit ratings of 15 European countries has further fueled investor concerns about the global markets, it’s the… more »
The deal that is most likely to arise in Europe,- more fiscal integration- tighter fiscal policy- stronger role for ECBcould make a lot of sense in the short and mid-term - under given circumstance. However, inflation could become a major iss… more »
A tough choice for the long run. Looking at the short run, the answer is somewhat clear. Euro architects have created a structure which does not work (as many "big political moves" in the past..). It is probably only the ECB who can prevent the EU from "… more »
ZeroHedge has some remarkable charts:ZeroHedge: Some Sobering Charts, Oct. 6, 2011Keywords: US Economy, US Recovery, Japanese Style DecadeRelated:Reuters: Analysis: Japan's lost decade still a risk for U.S. economy, Sept. 19, 2011 more »
Voxeu.org: How to rescue the euro: Ten commandments, Hans-Werner Sinn, Oct. 3, 2011"1. No government bond purchasesFurther purchases of government bonds by the euro rescue fund EFSF and the ECB are prohibited. Only assistance programmes that coun… more »
Two acclaimed political economists explore the origins and long-term effects of the financial crisis in historical and comparative perspective.Welcome to Argentina: by 2008 the United States had become the biggest international borrower in world hist… more »
NYT: Rating Cut of U.S. Debt Echoes the Nervousness of Global Markets, by Binyamin Appelbaum, August 6, 2011The Standard & Poor’s decision to downgrade the credit rating of the United States for the first time echoed the nervousness of global mar… more »
The Economist: Contagion in the euro zone; Selecting default, July 11, 2010FOR THE first time since the start of the Greek debt crisis more than a year ago, the finance ministers of the euro area are ready to consider a default by Greece. They did no… more »
Menzie D. Chinn (UofWisconsin-Madison), Barry Eichengreen (Berkeley), Hiro Ito (Portland State University), A Forensic Analysis of Global Imbalances, March 2011
Abstract:
"We re-examine the determinants of current account balances applying update… more »
http://finance.yahoo.com/video/marketnews-19148628/u-s-payrolls-rose-54-000-in-may-missing-forecast-25430411Keywords: US Economy, Job Growth, Unemployment more »
"THE fear that Greece's sovereign-debt crisis might presage similar episodes elsewhere in the euro zone has been borne out. In November, Ireland joined Greece in intensive care, becoming the first euro-zone country to apply for funds from the rescue sche… more »
Good article in the Washington Post about US debt burden:Source: Washington PostWashington Post: Running in the red: How the U.S., on the road to surplus, detoured to massive debt, May 1, 2011Keywords: US Economy, US Public Debt, Trade De… more »
Joseph S. Nye, a former US assistant secretary of defense and currently Harvard professor, thinks that China's authoritarian system could become an obstacle for sustainable long-term economic growth:
Project Syndicate: Is China Overtaking America, by… more »