…the Eurozone, and so New York is high on a shorter-than-ever list of places to buy. Yet…I have never seen so many vacant retail stores in my neighborhood, even in…

…The dollars those monetary authorities acquired were used to prop up their banks that needed to finance their holding of U.S. debt. Banks have various ways to meet the new…

…sovereign debt for borrowers such as Spain, Portugal and Ireland are at their lowest levels since before the crisis. Foreign investors are scooping up properties in Spain, where housing prices…

…is invested in Treasury bonds). Piketty next turns to the progressive income tax, which he calls “the major twentieth-century innovation in taxation” (p. 493). However, in the twenty-first century, it…

…on the one hand and the Eurozone and Japan on the other has caused Nouriel Roubini to liken the global economy to a jetliner with only one engine still functioning….

…see why that should necessarily spread to others in the eurozone. It might just be the best solution. Anyway, the sources of growth would seem to need to come from…

…by shedding the securities that were now seen as toxic. These institutions included European banks that had purchased mortgage-backed securities and other collateralized debt obligations. Eventually the emerging markets were…

…the U.S., Japan, the Eurozone and China, on financial variables in emerging and developing market economies. They find that for most financial variables linkages with the center economies have been…

…NAWRU are very important. D. This means we (in the Eurozone) have a problem. The stability and growth pact requires estimation of the NAWRU which means that it dictates that…

…in Eurozone countries (warning same pdf to which I linked in an earlier post). The hypothesis that the NAWRU is exogenous can be tested by embedding the model used by…