Clik here to view.
Spain: A Macroeconomic Assessment
We keep hearing from the soothsayers who suggest Europe is in the recovery phase of a protracted recession. The latest to join the chorus is the British newspaper The Guardian: Spain’s economic...
View ArticleClik here to view.
An Institutional Analysis of the Crisis
As an institutional economist I focus my research on the role that institutions and policy structures play in our economy. It is a fascinating niche in economics, and when combined with macroeconomics...
View ArticleClik here to view.
Consumers Drive U.S. Recovery
On Friday I reported that the European Central Bank has downgraded its growth forecast for the euro zone. This wraps up a summer of bad economic news from Europe, all together showing that there is no...
View ArticleClik here to view.
Spanish Growth An Exports Bubble?
At the beginning of this year there were lots of forecasts that the European economy was going to recover. I never believed them, primarily because government was a bigger burden on the economy than...
View ArticleClik here to view.
EU Economic Standstill in Details
Today it is time to review in more detail the latest national accounts data from Eurostat. A disaggregation of the spending side of GDP reinforces my long-standing statement: the European economy is in...
View ArticleClik here to view.
Euro-Dollar Parity, Part 2
Earlier this week I summed up some recent observations of macroeconomic differences between the United States and Europe. Those differences, which explain why the euro has plunged from $1.39 in May...
View Article
