The new CIEPR report will be launched tomorrow Wednesday. A preview is available here; you can join the live webcast of the launch here; I will talk about the report on Thursday evening in TCD – details here.
Year: 2012
In this paper – part of a series on the institutional innovations of the 1950s, and related to my paper of last year on the 1956 introduction of export profits tax relief – historian Mícheál Ó Fathartaigh and I describe the circumstances surrounding the establishment of the Industrial Development Authority in 1949 and chart its evolution and expansion of influence over the following decade.
INFINITI is on the move from Dublin. In 2013, the 11th INFINITI Conference on International Finance will be held in Aix-en-Provence, France, organised by SciencesPo Aix, Trinity College Dublin and Euromed Management Marseille, in coordination with the Aix-Marseille School of Economics.
Keynote speakers this year will be René M Stulz, Everett D Reese Chair of Banking and Monetary Economics at the Ohio State University, and Geert Bekaert, Leon G Cooperman Professor of Finance and Economics at Columbia University.
Please see www.infiniticonference.com for more information.
The new TCD academic year begins tomorrow. In terms of public seminars, the blog readership may be interested in
- Tuesday, Sept 25, 12.30-2, IIIS Seminar Room, Bob McCauley (BIS), Risk-on/Risk-off, Capital Flows, Leverage and Safe Assets
- Thursday, Sept 27, 6.15-7.30, Long Room Hub, Philip R. Lane, Banks and Cross-Border Capital Flows: Policy Challenges and Regulatory Responses (CIEPR Report)
- Monday, Oct 1, 4.30-6, IIIS Seminar Room, Francesco Giavazzi (Bocconi), The Output Effect of Fiscal Consolidations
Colm McCarthy sums up the case for a third benchmarking exercise in his Sindo column. Read the whole thing, but this quote more or less sums it up:
The case for dismantling them is simple. The employer is bust, the good times are over and the financial stability of the State is on the line.
There are pros and cons to Colm’s argument, and second order effects to any change in public sector pay, just to pick two: given that the ESRI estimated in 2010 that for every €1 billion in public sector cuts, consumer spending falls by approximately €750 million. Our household debt levels are some of the highest in the world, so large drops in public sector pay might well lead to a spate of defaults. But a benchmarking exercise seems like a very sensible way to proceed in my opinion.