This post outlines David Begg’s op-ed in the Irish Times today, challenging the ‘Dublin Consensus’ on the necessity of a real devaluation and public expenditure cuts, and some of the principal reactions online so far, including the Irish Economy and thepropertypin.
Sentiment, Google trends and long-run commodity markets
Some links for today, on the topics of consumer confidence, so key to underpinning everything from jobs to VAT receipts at the moment, Google trends as a source of data, and commodity market integration (particularly in times of deglobalization).
Protectionist backlash or falling consumer demand: Is the world in danger of deglobalization?
What if unemployment in Ireland reaches 25% next year? What if GDP falls a quarter between 2007 and 2012? The spectre of the Great Depression looms over us large at the moment and there has been much commentary of late – see for example Robert Samuelson’s recent blog post – on whether and how our [...]
A brand new scare graph – Japan’s collapsing exports
I have just discovered a set of global trade statistics updated monthly by the Dutch Bureau for Economic Policy Analysis (CPB). (Incidentally, this is not the first time I’ve come across excellent work by the CPB – their work on administrative burdens imposed by regulation is essentially the international pioneer on the topic and has [...]
