See Daniel Davies' comments on my original post , plus this from Whelan at IIEA and this from Storbeck. Via Felix Salmon, who also had...

Tyler Cowen notes that Irish (and Portuguese and I'd add Spanish) are not yet out of the clear, and writes: The first country which can...

The question in the title refers to the fact that central bank independence usually refers to the isolation from the political process that...

Here's how Tyler Cowen sees it: My model here is simple. The Germans fear that if Ireland pulls the plug on the bailout deal, some of ...

Wow. Paul Krugman almost had a Eureka! moment : A number of commenters have pointed out that unemployment has been falling in Germany over t...

Mark Copelovitch writes about Spain and the IMF, and how his own research sheds some light on these issues, in a guest post at Menzie Chinn...

Well. The much-anticipated Euro bailout plan has been revealed , and it's impressive: just short of $1tn, $625bn of which comes from Eur...

A few days ago I saw Jeffrey Friedman extend his "Basel thesis" -- in which the risk-weighting scheme in the Basel Accords create...

Felix Salmon is worried about the eurozone: Will Greece be giving up fiscal independence in return for bailout funds or German guarantees? ...

Rogoff : But the problem is not only the numbers; it is one of credibility. Thanks to decades of low investment in statistical capacity, no ...

We've talked about the dire situation in Greece here before , and now the situation has come to a head: Greece has chosen austerity, muc...