Dealbook’s account of the new personal insolvency bill is here.
Author: Philip Lane
New WEO is here. Box 1.1 “Are We Underestimating Short-Term Fiscal Multipliers?” by Blanchard and Leigh is attracting a lot of attention. Of local interest is that it turns out that Ireland is not a country for which the IMF was too optimistic about growth (for the time period studied here) – its Spring 2010 growth forecast for the 2010-2011 period was pretty accurate (for GDP).
New FM is here. The theme of the FM is “Taking Stock: A Progress Report on Fiscal Adjustment”. Box 8 is “Ireland: The Impact of Crisis and Fiscal Policies on Inequality”, which finds the adjustment to be progressive in cumulative terms here. It also notes that “Ireland’s 2010 at-risk-of-poverty gap” is the second lowest in Europe.
The chair and vice-chairs of the Advisory Scientific Committee to the ESRB provide some comments here.
Story here.
The impact of the 40 percent depreciation of the Iranian rial over the last couple of weeks is covered in this NYT article.