Tom McDonnell: Despite the developments at last week's EU summit we remain a long, long way from a successful resolution of the Euro crisis. My own thoughts on what should be done are in this TASC discussion paper.
I welcome any comments or feedback.
Showing posts with label Fiscal union. Show all posts
Showing posts with label Fiscal union. Show all posts
Tuesday, 3 July 2012
Friday, 9 December 2011
Sargent and Sims lectures
Tom McDonnell:The Sargent and Sims Noble prize lectures are here.
Tom Sargent poses four topical questions:
1. Should Government default on their debts?
2. Should a central government bail out subordinate states?
3. Should a monetary union precede a fiscal union?
4. Should a fiscal union precede a monetary union?
Meanwhile Chris Sims looks at historical and current statistical modelling of monetary policy and its effects. He suggests only a small part of monetary fluctuations could be attributed to erratic monetary policy.
Tom Sargent poses four topical questions:
1. Should Government default on their debts?
2. Should a central government bail out subordinate states?
3. Should a monetary union precede a fiscal union?
4. Should a fiscal union precede a monetary union?
Meanwhile Chris Sims looks at historical and current statistical modelling of monetary policy and its effects. He suggests only a small part of monetary fluctuations could be attributed to erratic monetary policy.
Wednesday, 19 October 2011
Abandon hope all ye who enter here
Tom McDonnell: Martin Wolf has an excellent and honest appraisal of the chances of the Euro crisis being successfully resolved in a way that is sustainable in the long term here.
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