Looking beyond the Euro area sovereign debt crisis by Mansoor Dailami, published by World Bank.”…On the face of it, the scenario portends gloom. But upon closer examination of the inner workings of the European Union (EU) governance system, the…
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Fiscal Devaluation and Consolidation (Mooij & Keen)
mar 30, 2012, 12:35 PM 0
Fiscal devaluation and fiscal consolidation the vat in troubled times by Ruud de Mooij and Michael Keen published by NBER (3/2012). “This paper focuses on two core tax design issues that arise in addressing current fiscal challenges. It first…
The aftermath of the crisis by Ben Bernanke. “A new regulatory framework will reduce, but not eliminate the risk of financial crises in the future. Greater monitoring of potencial systemic risks should help. However, the recent financial crisis shows…
Instability in financial markets: souces and remedies by Steve Keen. “CAPM’s empirical demise as a theory of finance has been accompanied by the rise of behavioural-finance, which attributes much of the instability of finance markets to the limited and…
Accounting devices and fiscal illusions prepared by Timothy C. Irwin published by IMF (3/2012). “A government seeking to reduce its deficit can be tempted to replace genuine spending cuts or tax increases with accounting devices that give illusion of…
Brazil economic overview – Brazilian American chamber of commerce of Florida – U.S presented by Alexandre Tombini, March 26, 2012. “Macroeconomic and financial stability, sustainable economic growth and targeted social policies have all contributed to poverty reduction and better…
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Financial Repression (Kirkegaard & Reinhart)
mar 26, 2012, 6:06 PM 0
Financial repression: Then and now by Jacob Funk Kirkegaard and Carmen M. Reinhart. Rich nations worldwide have a problem with debt. In the past, such problems have been dealt with by several tactics, including ‘financial repression’. This column explains…
Global financial crisis 2.0: How to rescue capitalism by Nouriel Roubini. “Unregulated capitalism is in crisis and we need to find a third way between the twin broken poles of Anglo-Saxon laissez faire and the traditional continental European model…
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Fiscal Policy x Depressed Economy (DeLong & Summers)
mar 20, 2012, 4:17 PM 0
Fiscal policy in a depressed economy by J. Bradford DeLong and Lawrence H. Summers. “This paper examines logic and evidence bearing on the efficacy of fiscal policy in severely depressed economies. In normal times central banks offset the effects…
Exchange rate management techniques by Daniela Magalhães Prates. “This briefing note addresses the question: What revisions of financial regulation and financial governance in Brazil are necessary to support Brazilian development? What’s in place and what missing? The focus here…