Foreign Policy List of Most Influential

To get a sense of the perceived influence of economics on global thinking, it is worth looking at Foreign Policy magazine’s list of 100 most influential thinkers. An economist beats Obama to first place. Other economists who rank highly include Thaler and Sunstein at number 7, Robert Shiller at number 22, William Easterly at 39, Paul Collier at 36 and Esther Duflo at 41. Others on the list include Stiglitz, Ostrom (we claim her now!), Stern, Roubini, Sachs, Krugman, Posner, Sen, Buiter, Oster.

link here

Paper on Systemic Risk

Here‘s a paper on “Containing Systemic Risk” which I submitted to the European Parliament’s Monetary and Economic Affairs Committee in relation to its Monetary Dialogue with ECB President Trichet.

I’m one of a panel of “experts” that briefs the committee. Here‘s a link to the page that contains all the expert papers for this year. Click on 7.12.09 and you’ll see papers by other economists on the topic of systemic risk as well as some interesting papers on the Monetary Exit Strategies.

No Connection Between Bank Bailouts and Budget Crisis?

Writing in today’s Irish Times about the upcoming budget, Pat McArdle states

the first thing to do is to try to disentangle the two crises that confront us, namely, the bailout of the banking system and the budget. The two are inextricably but incorrectly linked in the public mind.

He is highly critical of people who suggest there is any such link and the piece includes the now-standard McArdle swipe at academics who “should know better.”

McArdle’s principle objection is to those who see any link between the €4 billion injected into Anglo Irish Bank this year (and perhaps a similar amount next year) and the €4 billion in tax and spending adjustments scheduled for the upcoming budget.

Continue reading “No Connection Between Bank Bailouts and Budget Crisis?”