Investigating the Banks

The Guardian reported this week on the opening of a fraud investigation in the UK into some of the activities of the UK component of the Icelandic bank Kaupthing: you can read the article here.

Bank of England Financial Stability Report

The new FSR from the Bank of England makes for fascinating reading: you can obtain it from this location.

Jeffrey Sachs: Rethinking Macroeconomics

Jeffrey Sachs has an interesting new essay on the priorities for macroeconomic research: you can read it here (requires registration but it is free).

Honohan Testimony to Oireachtas Committee

Governor Honohan’s opening statement is available here.

Domestic Demand Doomed Ireland

The Financial Times continues its alliterative series on Ireland by publishing my letter responding to last Friday’s “Debtors in Dublin” editorial.