By: DOCM
This link may work. http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.26.3.49 An authorative and informative contribution.
View ArticleBy: DOCM
Correction: authoritative One could add that the political commitment that will ultimately see the euro survive is not given sufficient emphasis in the concluding section.
View ArticleBy: bazza
No mention of the possible need to reform the ECB? I guess it is still too difficult for most economists to think that anything other than inflation targeting is pure evil.
View ArticleBy: Brian Woods Snr
What is being described is the outcome of at least four decades of ‘political financialization’ of economies - an outcome that was flagged at least two decades ago. But the last persons to heed such...
View ArticleBy: paul quigley
@ Philip Very readable and succinct, Thank you. No one wanted to be the one taking away the euro-punchbowl, so the malinvestment took on enormous dimensions. No one wants the dirty job of allocating...
View ArticleBy: Michael Hennigan - Finfacts
@ Philip There is nothing to suggest that real growth rates for advanced economies should exceed a long-term annual average of about 2 percent. Indeed, real annual growth of 2 percent may be optimistic...
View ArticleBy: tullmcadoo
MH, I think you are a bit out of date with the “repackageing of drugs” vibe. Next time you touch these shores, take a trip down to Grangecastle or go to see Stryker or a Boston Scientific plant and you...
View ArticleBy: BeeCeeTee
Seasonally adjusted, employment in industry fell by 2,900 in Q1 according to the QNHS, after a rise of 5,300 in the previous quarter. The Q1 number was disappointing, but the worst that can really be...
View ArticleBy: Anewdawn
Good one T. Michael Henigan what would you consider “real” ? You seem to have a very old fashioned “metal bashing” view of industry?
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By: Michael Hennigan - Finfacts
@ tullmcadoo It would be stupid to suggest that what accounts for the majority of merchandise exports is smoke as it would be stupid to accept headline data at face value. 1) The ‘Modern’ sector mainly...
View ArticleBy: Michael Hennigan - Finfacts
@ BeeCeeTee Out of context, the fall of 8,000 is misleading. You have misled yourself. The Industrial Production payroll data is more restrictive than the QHNS. The change of 8,500 is seasonally...
View ArticleBy: tullmcadoo
MH, thank your for that analysis. I believe you are conceding my points that not all of the modern sector consists of “repacking” boxes and that employment in healthcare part of the modern sector has...
View ArticleBy: paul quigley
@tull Michael is right to highlight the increasing proportion of employment-lite enterprise in our GDP. The abysmal lack of graduate opportunities for chemists contrasts very unfavourably with ‘our’...
View ArticleBy: Tullmcadoo
PQ, Yes of course he has a point. I thought he over egged it. As to lack of opportunity for science grads, my impression is that demand exceed supply for skilled grads in large areas of med tech , bio...
View ArticleBy: Michael Hennigan - Finfacts
There is no overegging. Add is spurious services exports that may acoount for 40% of the total and all the annual growth in exports, we believe that what is fantasy is real. When a Facebook advertsing...
View ArticleBy: Enda H
Philip, you might be interested to hear that this paper is (already!) on the syllabus for the 400-level European Economy course at the University of Michigan.
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