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Cyprus and Eurozone Bank Deposits 23 Mar 2013 | 08:52 pm
To me, the central issue raised by this week's Cyprus debacle is how it has affected confidence across the eurozone. To what degree has the possibility of insured depositors at a eurozone bank losing...
When the Fed Chair is an Academic 15 Sep 2012 | 07:43 pm
The big economic news of the week was, in fact, big economic news: the Fed's announcement of significant changes from past practice in the the quantity of its next round of large scale asset purchases...
Government Job Destruction 5 May 2012 | 01:52 am
Another jobs report in the US, another month where part of the private sector's job creation was undone by continued job destruction by the government sector. The 15,000 additional jobs lost in April...
Eurozone Unemployment and the Recession of 2012 4 May 2012 | 06:06 am
Europe is on its way back into recession. During the second half of 2011 several EU countries already met the most common definition of recession, namely two consecutive quarters of falling output, in...
Turning the Tide on Austerity 29 Apr 2012 | 06:11 am
This week the Economist places François Hollande, the socialist presidential candidate who is likely to win the election in France on May 6, on its cover with the headline "The rather dangerous Monsie...
Eurozone Austerity by the Numbers 24 Apr 2012 | 05:02 am
Today Eurostat released its official tally of the budget deficits recorded by the EU and eurozone countries during 2011: In 2011, the government deficit of both the euro area2 (EA17) and the EU27 dec...
False Starts 1 Mar 2012 | 02:18 am
This recovery has taken us on several emotional ups and downs. After a truly horrifying 2008-09, when the financial crisis and plunging real economic activity threw the US economy into the deepest rec...
International Capital Flows, House Prices, and the Euro 28 Jan 2012 | 02:56 am
Free Exchange’s weekly reading list includes an excellent recent paper by Jack Favilukis, David Kohn, Sydney C. Ludvigson, and Stijn Van Nieuwerburgh: “International Capital Flows and House Prices.” L...
China in the News 7 Jan 2012 | 03:12 am
While 2011 was a busy year for Europe-watchers, I suspect that 2012 is going to be a big year for China-watchers, at least when it comes to developments that will have the potential to dramatically af...
More House Prices and Current Account Deficits 9 Dec 2011 | 11:41 am
Continuing to think about the relationship between house prices and the current account deficit, I put together the following chart showing house price changes in the US (measured by the FHFA's house ...
