Wealth and the Periphery Crisis

Ned Phelps has an op-ed in today’s FT.  He argues that one reason that the periphery got into trouble is that household wealth rose quickly during 2001-2007, discouraging work effort and thereby contributing to the rise in wages relative to productivity.

Bankruptcy Law Reform

As reported by the Irish Times, the legislation to reform the personal insolvency regime will soon be published.  Readers are invited to comment on the appropriate period of bankruptcy and the appropriate treatment of mortgage obligations.

The ESRI Responds

ESRI Director Frances Ruane writes an op-ed in today’s Irish Times.  There is also a report, based on an interview with her.

INET Grant for Philip Lane

Congratulations to Philip for the award of an INET grant in the Spring round of grants by the Institute.

Stop coddling Europe’s banks

So writes Morris Goldstein in this VOX article.