DEW Economic Policy Conference 2012

The Dublin Economics Workshop holds its annual Economic Policy Conference on October 12 to 14 next at the Ardilaun House Hotel in Galway. Details of the programme and booking details are at Sarah Condon does all the work,

The keynote speakers are David Laidler, from the University of Western Ontario, and Jerry Dwyer from the Atlanta Fed. David taught me monetary economics 40 years ago and claims to be too old for jet-lag!  I am thrilled that David is coming to Ireland again in October. David Laidler has forgotten more about monetary economics than the rest of us are likely to  learn, however long we survive.  Jerry Dwyer gave a terrific paper at a conference in Greece a few months ago and has promised to update it. 

25 Irish economists, young and old, will aso be giving papers, including two regular commenters from this blog, Michael Hennigan and Paul Hunt 

All are welcome at DEW 35 in Galway

New issue of Administration

A new issue of the journal Administration is now available. Full details here. Some of the articles are available to non-subscribers:

ESM Meeting and Bond Yields

Following this morning’s decision in Karlsruhe, Jean Claude Juncker has announced that the first meeting of the ESM’s Board of Governors will take place on October 8th.

This morning has also seen some fairly large drops in Irish government bond yields.  According to the yields calculated by Bloomberg this is most apparent for the three-year and five-year terms.  The nine-year has not been as affected.

With the one-year yield estimated at around 1.5% the T-Bill auction announced for tomorrow should be an improvement on July’s issue.

UPDATE: The auction results are here.


We have a narrow definition of whingeing in this country, it appears.

You might think that someone who represents a rich constituency complaining about value-based property taxes “punishing people for their address” could be fairly described as whingeing. Indeed, you might think that such a person should be reminded that “The country’s in crisis. We can’t put our fingers to our ears and pretend it’s not happening”.

Apparently not. Whingeing, it seems, is a concept that only applies to people complaining about cuts to the public services on which poor people rely, not to people complaining about higher taxes on people in expensive neighbourhoods.