Everyday the blogosphere offers an enormous amount of in-depth analysis on any imaginable topic. The world of macroeconomics and economic forecasting is no exception. To keep themselves updated on the latest information, our in-house team of economists scan the world wide web and gather what they consider the most interesting, appealing, informative or just curious blog posts from experts in the field of global economics. Here’s the list of the Top 4 posts from this week. Check it out!

  1. QFINANCE Blogs – Anthony Harrington : ‘Greek economy picks up but danger still lurks

    There has been a general consensus among economists that the Greek economy has bottomed out and left behind tough times. In addition, the government and the troika have made some progress on crucial measures to take implemented in the coming three years, thus providing much-needed political stability. That said, improvements in the Greek economy mostly reflect buoyant tourism, rather than a significant advance in structural reforms. Unemployment also remains a major source of concern. Despite this backdrop, investors are returning to Greece—and other peripheral countries—to take advantage of higher yields and diminished risks. In this post, Anthony Harrington also provides some examples of companies investing in the Hellenic country.” – Ricard Torné

  2.  The Market Monetarist – Lars Christensen: ‘It is time to get government out of US housing finance’

    Lars Christensen offers a critical analysis of government involvement in the US housing market. Government-run agencies Fannie Mae and Freddie Mac are the two largest mortgage lenders in the U.S., and Christensen argues that they are continuing the lax credit lending policies which fueled the housing bubble that preceded the economic crisis. While the trend since 2008 has been towards stricter lending regulation standards, the federal government now seems to be reversing course amid fears of denting the economic recovery. Christensen emphasizes that the US government should be directing the economy through monetary policy, not by getting involved in credit markets.  Carl Kelly

  3. The Undercover Economist – Tim Harford : ‘When a man is tired of London house prices’

    Tim Harford offers a brief but interesting discussion on a current hot topic: is there a housing bubble in the UK? According to Harford, three reasons are commonly used to deny the existence of a bubble. First, some say that housing markets are different from other types of markets. Second, some say that London itself is a very particular housing market, only comparable to New York. Third, some say that houses are expensive because of a global secular slump in which returns on most alternative assets are low and this ends up pushing up prices in the housing market. Harford disagrees with these three arguments and points to market fundamentals to shed light on the question.  –  Enrique Jorge

  4. Antonio Fatas on the Global Economy – Antonio Fatas: ‘The UK makes the Euro area look good

    In this blog post, Antonio Fatas explains the effectiveness of the economic policies implemented during the financial crisis. To make his point, Fatas compares results across countries within the Eurozone and outside it. He looks at GDP growth adjusted for demographic changes. More specifically, he divides GDP by working-age population (between 15 and 64 years old). Then he compares the 2013 number with the 2007 number—considered the beginning of the financial crisis. The interesting finding of this study is the similarities in the results across countries despite the differences in policies.  As a conclusion, despite the stubbornness of the ECB and the constraints of a common currency, economic performance in the Euro area has not been too different from those of the other European countries that are outside, such as the UK. In fact, the Euro area economy has grown just a bit more than the UK economy. – Dirina Mançellari

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