Economia
We Need to Recapitalize the Banks
É o título de um excelente artigo do Edmund Phelps no WSJ que recomendo:
(http://online.wsj.com/article/SB122282719885793047.html) e do qual, para além das dúvidas quanto à eficácia do plano proposto (na linha do que tem vindo a ser dito por Krugman e outros - ver post anterior) e da sugestão de recapitalização dos bancos através de injecção de fundos em troca de warrants. retiro a seguinte frase: «
The end of the speculative fever and the credit crunch each have structural effects on the real prices of business assets, real wages, employment and unemployment. As I see it, the former has pushed up the normal, or "natural," volume of structural unemployment. The latter (and the excess houses) is pushing the economy into a temporary slump. It will last as long as required for the banks' self-healing and government therapy to pull us out of it and into the neighborhood of our new, postboom normalcy.»
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E Se "salvar" Os Bancos Não For Suficiente ?
(Re)lendo o relatório do FMI (Global Financial Stability Report) notei (pag. 24) que do 1,4 milhões de milhões de dólares de estimativas de perdas "apenas" 725-820 mil milhões (ou seja cerca de 55%) afectam os balanços dos bancos. Do restante, 150-250...
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Workin’ Man Blues
• There seems to be a widespread belief that Brazilian potential GDP growth stands at 4% to 4.5%, transparent not only in consensus forecasts suggesting that growth should trend back to those levels in the next couple of years, but also in government...
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Crítica Dos Bancos Centrais
Our central bankers are intellectually bankrupt
Ron Paul, Financial Times
The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers.
Why? Central bankers neglect the fact that interest rates are prices....
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Desemprego Na Luz Da Lei De Okun
Okun's law revisited. Is there structural unemployment in developed countries?Authors:Ivan O. Kitov(Submitted on 10 Jul 2011) Abstract: Okun's law for the biggest developed countries is re-estimated using the most recent data on real GDP per capita...
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Uma Ajuda Necessária A Wall Street
Sem reestabelecer o funcionamento adequado dos mercados de crédito, as perspectivas de crescimento de longo prazo continuarão lúgubres, a despeito de qualquer estímulo fiscal. Charles Calomiris oferece a perspectiva da área de financial economics...
Economia