European Commission on fiscal multipliers

The European Commission has engaged in the ‘battle of the boxes’ with Box 1.5 in its new report a direct response to the IMF box on fiscal multipliers.

Earnings and Labour Cost Data 2011

New from the CSO here.

Limited Bank Debt Deal Would Help Bailout Exit, says OECD Economist

Eamon Quinn reports in the WSJ here.

Patterns of Convergence and Divergence in the Euro Area

The IMF’s annual research conference takes place later this week –  some of the papers are already available here.

One paper looks at the coherence of the euro area – it is here.

Deconstruction

This speech by Ben Broadbent is quite insightful about the nature of construction activity – although the context is the UK experience, it is also quite relevant in understanding the Irish situation.