WSJ Editorial on Debt Relief for Ireland

here.

“HOW TO FIX DISTRESSED PROPERTY MARKETS?”

“HOW TO FIX DISTRESSED PROPERTY MARKETS?”

Half-Day Central Bank of Ireland Conference: 13th February 2013, Institute of Bankers, North Wall Quay, Dublin 1


8.45 – 9.00 Opening Remarks

Patrick Honohan, Governor, Central Bank of Ireland

9.00 – 10.30 Session 1: The experience in the United States

Paper 1: Dealing with a mortgage crisis: A comparison of the response by US and Irish authorities

Kieran McQuinn (Central Bank of Ireland) and Anthony Murphy (Federal Reserve Bank of Dallas)

Paper 2: Foreclosure externalities: Some new evidence

Kris Gerardi (Federal Reserve Bank of Atlanta)

Paper 3: The US mortgage crisis – are there lessons for policymakers

Michael Fratantoni (Mortgage Bankers Association) and Michael Moore (International Monetary Fund)

10.30-10.45 Coffee

10.45- 11.45 Session 2: Some Irish perspectives

Paper 1: A distressed mortgage market: Could a fiscal stimulus help?

Robert Kelly and Kieran McQuinn (both Central Bank of Ireland)

Paper 2: Understanding Irish house price movements – a user cost of capital approach

Frank Browne, Thomas Conefrey and Gerard Kennedy (all Central Bank of Ireland)

11.45- 1.00 Session 3: Panel discussion

Moderator: Alan Ahearne (NUI Galway and Central Bank Commission)

To confirm attendance, please e-mail: lisa.malone@centralbank.ie or kieran.mcquinn@centralbank.ie

TCD Public Lecture: “How to Fix the Eurozone”

Charles Wyplosz will give a public talk at noon this Wednesday in the Long Room Hub.  This is part of a TCD LRH/IIIS series running during Ireland’s EU Presidency.  Details here.

Wyplosz will also give a research seminar 9am-10.30am on Wednesday in IIIS seminar room on “Eurozone Crisis: It’s About Public Debts, not Competitiveness“

Eurozone links

With thanks to Eurointelligence, here are a couple of useful antidotes to the complacency that will kill the euro unless it is abandoned: here and here.

(If Ashok is right then, contra Manasse, the Eurozone crisis will become a bit more symmetric, but he is right to query whether this will be good news for the project.)

And here is an account of a Slovenian constitutional court decision. If the account of the legal reasoning is accurate then this is quite appalling.

Financialisation

The most recent issue of the Economic and Social Review has a symposium on the politics of financialisation, including papers on the US, a comparative analysis of financialisation and inequality in the OECD and my own paper on”The Crisis of Financialisation in Ireland”

The table of contents, with links to papers, is here: http://www.esr.ie/vol%2043_4/ESRTOC43_4.htm

The abstract of the Ireland paper is below: