Media Coverage Aug 2011
Ireland’s unexpected economic comeback
Professor David Vines, James Martin Senior Fellow at the Institute for New Economic Thinking @Oxford, outlines how Ireland is beginning to emerge from its financial crisis.
Markets and rating agencies, not to mention academics, often make egregious errors in judging country risk. All too often this is by failing to notice a change in macroeconomic fundamentals that really does matter. As the crisis moves through its nadir, one major error is almost certainly the market assessment of Ireland’s public debt. (Article behind paywall).