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Why Frank Smets, chief economist of the ECB, thinks the ECB economic model is wrong

Why Frank Smets, chief economist of the ECB, thinks the ECB economic model is wrong by merijnknibbe from Merijn Knibbe Have you ever wondered why an U-3 unemployment rate of 23% in Spain (and rising) and 18% in Greece (and rising) doesn't seem to bother the European Central Bank (ECB)? I have. And it might have something to do with the kind [...]

Energy Poverty Seen as History at IEA for $48 Billion a Year

Energy Poverty Seen as History at IEA for $48 Billion a Year 2011-10-10 10:45:00.0 GMT By Simon Clark and Lananh Nguyen Oct. 10 (Bloomberg) -- The world’s entire population can have electricity and cleaner stoves by 2030 if $48 billion is invested each year, the International Energy Agency said in its first estimate of the cost to end [...]

This Week on The Globalist: Toward Two European Monetary Unions

Why does it make sense to divide the European Monetary Union into a Northern EMU and a Southern EMU? Alfred Steinherr, The Globalist Research Center’s chief economist, explains. Read this story and others...

The Economic Crisis and the U.S. Policy Response: Just Right, Too Little or Too Much?

The Economic Crisis and the U.S. Policy Response: Just Right, Too Little or Too Much? Meeting Summary Added to Website On June 2nd the Woodrow Wilson International Center for Scholars, the Heinrich Boell Foundation and New Rules for Global Finance sponsored an event titled "The Economic Crisis and the U.S. Policy Response: Just Right, Too [...]

Worst Ever Carbon Emissions Leave Climate on the Brink

Published on Monday, May 30, 2011 by The Guardian/UK Worst Ever Carbon Emissions Leave Climate on the Brink Exclusive: Record rise, despite recession, means 2C target almost out of reach by Fiona Harvey Greenhouse gas emissions increased by a record amount last year, to the highest carbon output in history, putting hopes of holding global [...]

Naked Capitalism: The Summer(s) of Our Discontent

The Summer(s) of Our Discontent Crossposted from New Deal 2.0 Another volley from Marshall Auerback, Senior Fellow at the Roosevelt Institute, and a market analyst and commentator. Larry Summers’s misguided approach to deficits and surpluses could strangle our long-term vitality. Virtually every profile on Larry Summers tells us that [...]

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