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Edward Hugh 152 posts 0 comments

Ed was a macro economist based in Barcelona, who specialized in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows.

He was a lovely person and a prolific blogger in his time. Ed’s analyses can be found on his “Don’t Shoot the Messenger” blog on www.economonitor.com, at the India Economy Blog, A Fistful of Euros, Global Economy Matters and Demography Matters. He was a founding member of all these weblogs.

Economy

Portugal Gradually Shuffles Its Way Up Towards The Front Of The Debt Queue

Edward Hugh Mar 11, 2012

Naturally austerity isn’t popular, and evidently it doesn’t work as intended, but then this was already known before we started on this course, so it isn’t really a surprise. But what alternative do the Euro Area’s imprisoned periphery…

Economy

On Homeric Similes And Spanish Debt

Edward Hugh Mar 6, 2012

Spain is on a bad course, with recognised debt about to surge rapidly, while investor confidence in the current administration is slipping. Time for another “game changer” I think, since otherwise this car is about to crash.

Political Economy

Staring Into The Ukrainian Economic And Political Abyss

Edward Hugh Feb 29, 2012

By Edward Hugh It’s been a long time now since Paul Krugman spoke of the Ukraine economy epitomising the arrival of what he then termed the “second great depression“, and its been an even longer long time since we lay awake at night…

2012: The Year We All Learn To Live Dangerously

Edward Hugh Feb 24, 2012

Thus the road ahead looks clear, if somewhat flat. The Euro Area’s two largest economies look set to escape “the worst of the worst”, but remain dependent on factors outside their control, in the US, in China, and in the Emerging Market…

Political Economy

For Whom The Bailout Tolls

Edward Hugh Feb 22, 2012

So Greece has finally been awarded a second bailout. One may wish the country will live to tell the tale. According to IMF DG Christine Lagarde, speaking at the post agreement press conference, “It’s not an easy (program), it’s an…

Economy

Quick Reality Czech

Edward Hugh Feb 20, 2012

The Czech Republic is the first economy in central and eastern Europe to slide back into a full technical recession during the current downturn (evidently it is unlikely to be the last).

Economy

Global Manufacturing Steadies as She Goes, or Does She?

Edward Hugh Feb 6, 2012

The year got off on a much better foot than might have been expected, at least as far as global manufacturing is concerned. So the fall in global manufacturing has flattened out, even though the bounce back has more of a dead cat look about…

Political Economy

A Month In Spain That Didn’t Shake The World

Edward Hugh Jan 23, 2012

Spain’s economic problems are very grave. The country is facing a decade long depression, and if enough young qualified people leave during this period then the country could enter a negative dynamic from which it will never properly…

Economy

Monti, The Full Version

Edward Hugh Jan 18, 2012

Fortunately the ECB has deep pockets, and as I argue in this post, these will probably suffice to keep short term bond yields down to acceptable levels, and help the banks fund themselves and recapitalise. What the ECB’s LTRO’s won’t do is…

Economy

The Massendowngrade Effect

Edward Hugh Jan 16, 2012

Perhaps the main point to take to heart from the events of the last week is the way the recent ECB liquidity measures have apparently been able to stabilise the debt crisis, at least for the time being, even while it is not clear that they…