by Charles Wyplosz
Appeared originally at VoxEU 27 April 2015
It seems that there will be no agreement between Greece and its Eurozone partners. Short of cash, the Greek government will have no choice but to suspend payment of its maturing debts. This column looks at what happens next. In brief, it will be very much up to the ECB to decide.
by Joseph M. Firestone, New Economic Perspectives
People who support the Administration's efforts on the TPP have been known to reply to my posts on this subject by attempting to ridicule the scenarios I've presented as possible under the TPP Agreement as "out there" speculation of the tin foil variety that will never actually happen. For those who think that my examples of what is possible under the TPP are just this kind of speculation, please keep in mind that I don't have the proposed draft agreements to work from.
by Ellen Brown, Web of Debt
The United States shall guarantee to every State in this Union a Republican Form of Government. - Article IV, Section 4, US Constitution
A republican form of government is one in which power resides in elected officials representing the citizens, and government leaders exercise power according to the rule of law. In The Federalist Papers, James Madison defined a republic as
"a government which derives all its powers directly or indirectly from the great body of the people . . . ."
by Dirk Ehnts, Econoblog101
I am reading Charles Goodhart's book Money, Information and Uncertainty in the second edition from 1989 to see what I could use in a course on global macroeconomics. Apart from the fact that it is out of date it contains a good mixture between empirical puzzles and theoretical explanations, often based on balance sheets and accounting.
May 1st, 2015
in Op Ed
With the end of the first (and perhaps only) Cameron government in the offing, it is a good time to ask, how has the UK economy changed over the past five years? To what extent has the coalition reformed the UK economy so that it is less prone to instability, of the kind caused by the financial crisis?