Myths and facts of the Euro crisis part 4 – how to save the Euro – an analysis by João Madeira

As shown in the previous text the run on bank deposits and sovereign debt of periphery countries justified the need for an intervention to change the negative expectations in debt markets and to help interest rates converge to the good equilibrium (governments pay lower interest rates and repay their debts). The creation of the EFSF […]

Myths and facts of the Euro crisis part 3 – capital flight and financial instability in the Eurozone – an analysis by João Madeira

My previous texts seem to suggest that the Euro is likely not the main cause for the problems several European countries currently face. If not the Euro, then what is the origin? The cause must be common not just to the periphery countries of the Euro but also to those other countries which have been […]

Myths and facts of the Euro crisis part 2 – labour regulation and unemployment – an analysis by João Madeira

In Anglo-Saxon countries the Euro seems to be seen in a very negative way. Many look at the Euro as an institution which reduced the vibrancy of the economies that adopted it. Table 1 below dispels this idea. Yes, it is true that until the Great Recession the UK, Iceland and USA grew more than […]

Does money make you happy?

Much has been said about whether money can buy you happiness; in advance of his book on the subject, colleague and fellow economist Dr Carlos Cortinhas examines some new research on the subject.