I want to have more time to read what I link to – and write as well.
Previously on
MoreLiver’s:
EUROPE
House prices in the Euro area: Room for further
declines in several countries –
Nordea
(pdf)
…or a summary.
Europe prepares to come clean on hidden bank
losses – Reuters
Euro zone countries
will consider on Monday how to pay for the repair of their broken banks after
health checks next year that are expected to uncover problems that have
festered since the financial crisis.
Which role should the ECB give up? – Bruegel
We look at old and new
competences of the ECB, identifying major synergies and conflicts of interests
between them.
Goldman: LTRO-III is only a matter of time – Sober
Look
Mind the gap! And the way structural budget
balances are calculated – Bruegel
The so-called
structural balance of the general government aims to measure the ‘underlying’
position of the budget by excluding the impact of the economic cycle and one-off
measures, like bank recapitalisation costs. It has a crucial role in designing
fiscal consolidation strategies in the EU
The euro zone and the IMF
were thrown into each other's arms when Greece's debt crisis began early in
2010. Now, officials say, they could be heading for a divorce. As
representatives from both sides meet at the end of this week in Washington to
discuss Greece's need for extra cash and a lighter debt load, the clashes that
have built up over the past three years are coming to a head.
An update on the German coalition negotiations – Open
Europe
A grand coalition
still remains the most likely outcome but a CDU/CSU and Green coalition
(Black-Green) has increased in likelihood.
UNITED STATES
Despite general
optimism that a deal will be reached in time, discussion about what such a
default would imply for financial markets and the global economy, as well as
about creative solutions to the problem and the consequences of policy
uncertainty abounds in the blogosphere.
Yield curve inversion – Sober
Look
Inversion moves beyond
one month as fiscal negotiations progress remains elusive
FX Viewpoint: What if (the US defaults)? – Nordea
OTHER
As crisis fades, G20
tries to get its mojo back – Reuters
Top officials for the world's biggest economic powers get nostalgic over
how they mobilized to save the world from economic collapse in 2008. They are
not nearly so glowing about their current muddle.
World Officials Plan
Financial Defenses as Fed Eyes Exit – WSJ
Finance ministers and central bankers at the IMF’s annual meeting in
Washington were eyeing the potential shock waves that could arise from the Fed’s
planned exit from easy money policies. A roundup of their comments.
Nominal wage rigidity in macro: an example of
methodological failure – mainly
macro
Why the level of
government debt may not matter – alphaville
/ FT
Published in September, it looked at the relationship between taxes,
debts and wealth transfers, and how economic context effects them. In other words,
when it can, or cannot, be helpful to run high debt.
FINNISH
Lukijat kertoivat turhasta työstä: Liikaa
pomoja ja huonoja tietojärjestelmiä – HS
Kolumni: Työeläkerahastot ovat Suomen suurin
taloudellisen vallan keskittymä – HS
Huikea video näyttää robottien Nokia-kaupat – TalSa