Ed Dolan's Econ Blog

Archive for June, 2015

  • Program Notes for the Greek Endgame: Austerity, Cyprus, and Currency Union Exits

    The Greek government has rejected the latest austerity and reform proposals from the EU, the ECB, and the IMF.  It has declared a national referendum, scheduled for Sunday, and urges a “No” vote. “”We ask you to reject it with all the might of your soul, with the greatest margin possible,” says Prime Minister Alexis […]

    More ›

  • Deconstructing ShadowStats (Part 2): In Search of an Alternative Measure of Unemployment

    A few weeks ago, I posted a critique of the alternate inflation measure devised by John Williams for his popular website Several responders asked if I could also comment on Williams’ alternate unemployment rate. Here, reproduced with permission is the latest unemployment chart from ShadowStats. Like William’s inflation rate, his unemployment numbers run far […]

    More ›

  • Russian Crisis Hits Latvia, but (So Far) Not as Badly as Feared

    From the beginning, it was clear that the economic crisis in Russia would pose multiple problems for Latvia and its Baltic neighbors. Until recently, many businesspeople in Latvia had seen close trade, transportation, and financial linkages as strengths that allowed their country to serve as Russia’s economic portal to the EU. Since the middle of […]

    More ›