Garicano and Reichlin write here.
The Irish Times today features two contrasting strategies for dealing with the debt legacy created by the Irish bank bailout.
- Ireland urged to play ‘hardball’ to get a deal on legacy bank debt
- Sale of State’s AIB stake will not rule out retroactive aid
An interview RTE’s Sean Whelan did with Willem Buiter is available here.
Yvonne McCarthy (Central Bank) will be giving her Barrington Lecture on Thursday evening in the ESRI. Full details here.
The title, “Disentangling the mortgage arrears crisis: The role of the labour market, income volatility and negative equity”, gives an indication of its policy relevance.