The Geary Institute has asked me to announce that the conference on The Developmental Origins of Health, originally scheduled for October 10, has had to be cancelled due to unforeseen circumstances. They regret any inconvenience caused. If you have any queries about this, please contact the Geary Institute directly at geary@ucd.ie .
This editorial represents the shift in the UK austerity debate – here.
It has always struck me that the first order consequence of making it easier for firms to fire people in the middle of a depression would be that…firms would fire more people. And it has never struck me that this would be desirable.
Now Gauti Eggertsson, Andrea Ferrero and Andrea Raffo have a new paper pointing out that at the zero lower bound, where monetary policy cannot offset the deflationary impact of structural reforms that would otherwise be desirable (lowering mark-ups in product and labour markets), such reforms can be contractionary (by generating expectations of deflation and raising real interest rates).
All of which seems obvious once you think about it, but it needed someone to point it out. And this is a problem for a continent whose leaders refuse to take the demand side of the economy seriously, and are hoping that “structural reforms” will obviate the need for them to rethink their macroeconomic strategy.
Another chance for Paul Krugman to cite St Agustin!
(H/T Eurointelligence, which also links to a report on how the Greek government is saying that there will be no more austerity next year, even under a third bailout. This crisis is not yet over.)
Patrick Honohan has an op-ed in today’s Irish Times here.
Reform in the Aftermath of the Crisis:
Exploring Agenda for Health, Political and Financial Reform
Admission is free, but spaces are limited. We hope to see you there on the day. If you can make it please RSVP to Niamh.OSullivan@ul.ie
Date: 19 September 2013
Venue: Pavilion, University of Limerick
Time: 0930 – 16h30
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09h30
10h00 |
Registration & Coffee
Welcome by Professor Paul McCutcheon Vice President Academic and Registrar , University of Limerick |
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10h15 |
Seminar 1: Political and Health Care Reform Chair: Dr. Maura Adshead, Department of Politics and Public Administration, University of Limerick
Dr. Colin Doherty, Consultant Neurologist St. James’s Hospital and Trinity College Dublin
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11h00
11h45 |
Professor David Farrell, School of Politics and International Relations, University College Dublin
Audience Contribution and Discussion led by Dr. Chris McInerney, Department of Politics and Public Administration, University of Limerick
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12h45 |
Complimentary lunch Served at the Pavilion
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14h00
14h00
14h45
15h30 |
Seminar 2: Economic and Financial Reform Chair: Professor Helena Lenihan, Department of Economics, Kemmy Business School , University of Limerick
Professor Stephan Gerlach Deputy Governor, The Central Bank of Ireland
Fiona Muldoon Head of Banking and Insurance Regulation, The Central Bank of Ireland
Audience Contribution and Discussion led by Ross Maguire, co-founder of New Beginnings ‘A movement of mortgage holders’ |
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16h30 |
Close and Thanks |