
The U.S. and Euro-zone non-recoveries
15 Jun 2014 Leave a comment
in Euro crisis, great recession, macroeconomics Tags: great recession, the great deviation
Employment losses after financial crises
11 Jun 2014 Leave a comment
in Euro crisis, global financial crisis (GFC), great recession, macroeconomics Tags: financial crise will s, The shape of recovery
Tom Sargent on the Fundamentals of Currency Union Crises
27 Apr 2014 Leave a comment
in Euro crisis, macroeconomics Tags: currency unions, Euroland, Thomas Sargent
Tom Sargent at Hong Kong University in April 2013 in four parts
Euro Crisis: Sources and Its Global Implications – Tom Sargent updated
28 Mar 2014 Leave a comment
in Euro crisis, global financial crisis (GFC), great recession Tags: Tom Sargent
Sargent said: “A government can be said to be ambiguous when decision makers can’t yet agree what to do and decide to postpone making a decision.” He also raised questions over whether a country should join a currency union, whether it should pay its debts, and whether the central government in a federal system should pay the debts of subordinate government.

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