Effects of Fiscal Stimulus in Structural Models

This new IMF working paper provides interesting analytical insights into the determinants of fiscal multipliers.  Also striking is the set of co-authors: it represents a joint collaborative effort across the IMF, ECB, European Commission, Federal Reserve, OECD and Bank of Canada.

Special Resolution Regime for Banks to be announced?

The Irish Independent carries this story.

Alan Greenspan: “The Crisis”

Alan Greenspan is presenting a paper at the BPEA conference today – his draft is here.

[The full programme is here.]

Policy of Disposal Just Makes Banks Weaker

Brian Lucey argues for a different approach to solving the banking crisis in this IT article.

The Baseline Scenario on Ireland

The influential Peter Boone and Simon Johnson have written a critique of the Irish approach to rescuing the banking sector: you can read it here.