Author: Philip Lane

The WSJ reported yesterday on two interesting developments:

• the adoption of a new approach to measure the output gap, which attributes more of the current downturn to cyclical factors – here
• the advocacy of pan-European banks as a way to mitigate regional crises – here

(see also its “Insider’s Travel Guide to Dublin here.)

Olivier Blanchard and colleagues presented a paper on this topic at the Brookings Papers on Economic Activity Panel – here.

FT oped here.

This article provides an interesting overview of some of the issues raised by “big data” research – here.

This article may be of interest to the readership – here.