The new ECB Monthly Bulletin includes handy summaries of the Fiscal Compact and Cyclical Adjustment of the Government Budget Balance (Boxes 12 and 13; pages 101-105)
Author: Philip Lane
Paul Hunt is a regular commenter on this blog. He has an article in the latest issue of the Dublin Review of Books.
My slides from this evening’s Policy Institute event are available here.
Paul De Grauwe argues that the LTRO operation is a poor substitute for direct ECB intervention in the sovereign debt market in this FT article.
Central Bank economists have released two new technical papers on the Irish banking sector:
Modelling the corporate deposits of Irish financial institutions: 2009 – 2010
The financial crisis and the pricing of interest rates in the Irish mortgage market: 2003-2011