The future of the Irish corporation tax regime
At a recent visit to the OECD headquarters, the Irish government delegation was all smiles and used photo-ops, speeches and statements to extol the virtues of Ireland’s economic recovery. Only one...
View ArticleThe economic outlook for 2016
Last year, three key trends underpinned the fortunes of the global economy: the return to weak growth in the advanced economies, the decline of the emerging markets, and geopolitical uncertainty...
View ArticleAfter the crisis – why the slowdown in productivity?
Since the start of the global financial crisis, economists have been puzzled by the apparent disconnect between the historical patterns relating to traditional post-recessionary recoveries and the...
View ArticleEurope’s reform fatigue
This year, the European Union marked the eighth anniversary of the ongoing fiscal and financial crises that exposed deep structural vulnerabilities within the EU architecture. From the fiscal policies,...
View ArticleA tax cure for Sisyphean American monetarism?
Eight years into unprecedented monetary and fiscal expansions, the U.S. economy remains sick to its core. Worse, the U.S. malaise is neither unique in the global setting, nor is it cyclical (or...
View ArticleThe continuation of a horrible year
The end of 2016 was heralded in the Western media as the finale to the Annus Horribilis. Not surprisingly. The 2016 timeline of geopolitical events is dotted with the likes of Brexit, the U.S....
View ArticleWelcome to the VUCA world
In recent months, something new and structurally revolutionary has been brewing in the global financial markets. This new trend, traceable in its beginnings to 2015-2016, is now highly pronounced. The...
View ArticleGrowing pensions pain: Bad policies of the past, bad politics of the present
A recent report from the World Economic Forum highlighted a significant, and frequently overlooked, problem building up in the global economy. In its May 26 paper, titled “We’ll live to 100 – How Can...
View ArticleThe stage has been set for the next global financial crisis
Last month, the Japanese government auctioned off some US$4 billion worth of new two-year bonds at a new record low yield of negative 0.149 percent. The country’s five-year debt is currently yielding...
View ArticleLearning from the present: What financial economics tells us about bitcoin
The ongoing saga of ever-rising market valuations for cryptocurrencies, has captured pages and pages of mainstream news and attracted millions of new investors. If six months ago, Chinese traders and...
View ArticleThe Goldilocks economy of state policies
Recently emerging trends in the U.S. equity markets reveal three key shifts in the structure of the U.S. economy: the rise of uncertainty, as opposed to volatility, as the core driver of the markets...
View ArticleBreaking the ‘Medici Vicious Circle’ – monopolization trends in advanced...
Competitive markets form the very foundation on which the edifice of the modern liberal economy rests. The neo-classical proposition, under which competition arbitrages away monopolistic advantages and...
View ArticleTurning Europe into Greece
Sixteen years after faking its fiscal numbers and nine years after the onset of its sovereign insolvency, Greece has finally managed to officially “exit” the bailout program. The news was greeted by a...
View ArticleLeveraging up the global economy
The signs of the new leverage or debt crisis is here, and the window for any preventative action by regulatory and supervisory authorities is now closing fast. This was the message delivered by the...
View ArticleMonetary policy at the edge of QE
The world of economic policy, monetary and fiscal, is the realm of fooling ourselves into believing that, when everything else fails, there is a saviour of last resort, a sort of higher power available...
View ArticleOECD-led tax reforms: A prescription for a less competitive economy
On 28 May, 2019, Paris-based international quango, the Organisation for Economic Cooperation and Development, or the OECD, has published the latest agreement between the Inclusive Framework countries....
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