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Sunday, March 29

29th Mar - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Thursday, March 26

26th Mar - Finland aims for austerity



26th Mar - Paven ja Hellun sössönsööt

Rautio on klassinen HS-päätoimituskirjoittelija - varttifantsuttelija, jonka harmitus siitä, että "väärät" ihmiset olivat oikeassa, on läpinäkyvää. Taidot ja tiedot eivät riittäneet olla oikeassa oikeaan aikaan. Hänen mielestään neutraalia toimitustyötä on se, että ensin fantsutellaan, ja sitten kun fantsuttelun epäonnistuminen on kaikille ilmiselvää, tunnustetaan, että metsään meni.

Monday, March 23

23rd Mar - Round up the usual suspects

Henri M:
A tough question (I want to draw attention also from Keep Talking Greece asking politely how this matter is handled in Greek media, because I have still difficulties to follow the Greek news):

23rd Mar - Greece in spotlight



Saturday, March 21

21st Mar - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Sunday, March 15

15th Mar - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Wednesday, March 11

11th Mar - EUR still offered & Borg


11th Mar - Finland's price

Ei isoja heilahteluita merkillepantavaa voimakas nousu finanssikriisin alkaessa. Huono juttu Suomelle.



Sama vähän lyhyemmältä ajanjaksolta - Suomen euron devalvoituminen on ollut melko pientä. Mukana helmikuu 2015 lukemat, joten ihan viimeisin euron heikkous / dollarin vahvuus ei tässä vielä näy.

Suomi ja Ruotsin pitkällä aikavälillä. Aika käsi kädessä niitä devalvaatioita aikoinaan puuhattiin.
Suomi-Ruotsi lyhyellä aikajänteellä


Sunday, March 8

8th Mar - W/E: Linkfest



8th Mar - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.

Monday, March 2

2nd Mar - Random thoughts: ECB

I often start writing an article, and something else comes up, or space is limited, and I never publish the draft. Here are couple of such texts:



The ECB, its mandate and unconventional monetary policy
While the ECB is bound by the treaties and is not allowed to finance member states directly, it could take the "ensuring proper transmission of monetary policy, buying in the secondary markets"-route. It has done this with SMP. It can go off-balance-sheet, Enron-style, and buy bonds issued by the European Stability Mechanism or the European Investment Bank, which could funnel money to governments or alternatively finance infrastructure projects directly and bypass the governments. I doubt much good would follow from another mammoth EU-project. The track record of Brussels is appalling.

But as Draghi hinted, much like Bernanke has previously, if fiscal policy is tight, structures are inelastic and a common budget to alleviate asymmetrical shocks is missing, monetary policy becomes a blunt weapon – though still effective, it requires more force, which could have unwanted consequences.

Could even more dovish and unconventional monetary policy be supported with macro-prudential policies? Experiences with shadow banks, self-regulation and too-big-to-fails suggest that it would probably not work

I am siding with the NGDP-targeting crowd and market monetarists here. The easiest thing to do would be to end the 2%-target. It is not listed in the treaties, it is only a result of a consensus of the executive board. If they voted and agreed to a target of 4% with caveats, it would become reality.


2nd Mar - ECB, US payrolls this week


Sunday, March 1

1st Mar - W/E: Linkfest



Here are the weekend's links on the world, economics and a bit more relaxing off-topic reading.

1st Mar - W/E: Best of the Week


Hand-picked links from my ending week's posts.

1st Mar - W/E: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here. This post will be updated as new material is published.