Paul Krugman suggests that exchange rates might matter for economic performance here.
On Ireland and exchange rates, one could add that, because of our large trade exposure to non-Eurozone markets, we benefitted from an unusually large nominal depreciation in 2014-15 (which translated into a substantial real depreciation) (slides 8 and 9 here). I doubt this is unrelated to the employment boom we have enjoyed since then.
Here.
Courtesy of VoxEU, here.
The proceedings of this CBI/CEPR/IMF conference, held in January 2015, are now available here.
Many congratulations to Philip who has been named as the new Governor of the Central Bank.
I assume this means that his blogging activities will be curtailed, and so it seems appropriate that he be publicly thanked for setting up this blog, in December 2008. Whether it made a contribution to public debate during the crisis is for others to judge — I think it did. But it also gave a platform to many Irish academics who otherwise would not have had a public voice, by dramatically lowering the cost of engaging in public debate. It helped bring us out of our academic comfort zones and engage with issues outside our research specialisms. In my case blogging even led to a couple of serious research projects, using history to shed light on the present. Finally, the blog provided a model for other group blogs in Eurozone crisis countries.
So, many thanks Philip and best of luck in the new job.