Agora
Macroeconomic fundamentals for Greece
Countries can get caught up in the hamster wheel of daily noise. The cyclical ups and downs can become such a fixation that little else makes it onto the radar screen. Citizens then get a sense that the country goes around and round, without anything really changing over time (“…if only we had investment grade…”). Getting stuck in cyclical thinking is a trap.
Contributor: Bob Traa & Jens Bastian
Categories: Politics (417), Economy (354), Greece (534)
Does the EU Commission suffer from optimism bias? (Part 2)
In the previous blog we expressed concern that the European Commission may suffer from an optimism bias. We noted that the long-run outlook for real GDP growth in the EU27 as a whole appeared to be based on too-favorable labor productivity growth assumptions.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (296), Economy (354)
Our tragedy: How could this happen?
There is one question more than any other swirling around in our minds as we contemplate the devastation of this week’s train crash, which killed more than 50 people, mostly young Greeks: How could this happen?
Contributor: Nick Malkoutzis
Categories: Politics (417), Society (155), Greece (534)
A game of marbles: Are the Parthenon Sculptures coming home?
After decades of making little progress in securing the return of the Parthenon Marbles from the British Museum, Greece appears to be edging closer to a possible deal for the repatriation of the ancient sculptures.
Contributor: Agora Podcast
Categories: Politics (417), Society (155), Greece (534)
Does the EU Commission suffer from optimism bias? (Part 1)
This blog post is based on Chapter 8 of a new book: “The Macroeconomy of the European Union,” by Bob Traa, available on Amazon.com. The book examines structural considerations for potential growth, fiscal and debt developments, and the fiscal rules in the EU27 and in each individual member state, including Greece.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (296), Economy (354)