With only months to go in office, Jean-Claude Trichet, the European Central Bank’s president, is finally speaking his mind. Seems Trichet has discovered the obvious: a common European currency (and thus monetary policy) is not viable in the long run unless it is complemented by …
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By Robert Hahn, Peter Passell | Tags: euro, European Central Bank, Germany, Jean-Claude Trichet, Nouriel Roubini | Category: International Economics |
 Leave a commentIf you are keeping up with the euro mess, Anthony Daniels’ piece on the Irish bailout in the Wall Street Journal probably won’t tell you anything of substance you didn’t know. But Daniels has a magnificent eye for the absurdity of it all. Who else, for example, … By Robert Hahn, Peter Passell | Tags: Anthony Daniels, euro, housing bubble, Irish bailout, Royal Bank of Scotland | Category: Financial Regulation Reform, Quick Takes |
Leave a commentOnce you start looking for it, the concept of “too big to fail” turns up in the oddest places. Consider the plight of Europe’s monetary union and its allegedly profligate son, Greece. Now, as everybody knows, individual nation-members of the EMU have ceded control over monetary policy to a single (very … |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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