This article from the November issue of Vanity Fair provides a very detailed account of last Autumn’s crisis on Wall Street.
Month: October 2009
An important contribution to the economic debate by David Duffy of the ESRI. The paper estimates approximately 196,000 households in negative equity consequent on anticipated house price declines next year. Its main policy conclusion is the advocacy of policies that allow delaying of mortgage payments rather than write-downs.
This is an interesting article. Although I have to say that I am also interested in what the ‘ethics’ section of the research proposal on alcoholism referred to therein looked like…
What Should Be Done About Rising Unemployment in the OECD?
by David N.F. Bell, David G. Blanchflower
(September 2009)
Abstract:
There is a growing belief that the recession has run its course and that the goods market has started a period of slow, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will return to its 2007 level in the medium term. In this paper, we argue that recovery is by no means guaranteed and that the consequences for unemployment may be worse than anticipated.
This is an interesting article.