Wednesday, May 4, 2016

How bad is the Greek crisis in one graph

Real GDP starting in 1929 for the US and 2007 for Greece. Back then, with the New Deal, the US economy had essentially recovered after less than a decade. But there is no solution in sight for Greece now. This summer with more payments due, and the Brexit discussion on top, should bring new developments.
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Exchange rates and income distribution in a surplus approach perspective

Old paper, presented two years ago in México, and to be published soon by the university press there. In Spanish. For those interested. The...