Thomas Walsh ’14 is a Research Assistant at Bruegel and graduate of the Barcelona GSE Master in Macroeconomic Policy and Financial Markets. His recent post on the think tank’s blog, co-authored with Research Fellow Grégory Claeys, examines recovery numbers for countries coming out of deep recessions:
The recovery in certain economies (particularly in the Baltics and more recently in the UK or Spain) is often attributed to decisive economic policies (e.g. quick structural adjustment in Latvia, quantitative easing in the UK or labour market reforms more recently in Spain). While this view may be true, a theory suggested by Milton Friedman in 1964 (and revisited in 1993) proposes a complementary hypothesis: these strong recoveries are just natural after particularly deep recessions…
Read the full post on Bruegel.org: The “Plucking Model” of recessions and recoveries
Mr. Walsh also recently co-authored a post about the vulnerabilities of the Greek banking system on the think tank’s blog with Bruegel director Guntram Wolff: The Greek banking system: a tragedy in the making?
Wage woes [updated 20.03.15]
In case you missed it, here’s a post on German wages by another Macro alum from the Class of 2014, Allison Mandra, also at Bruegel: Is low inflation translating into lower wage growth in Germany already?
Update: Ms. Mandra has posted new analysis on German wages: updates and stalemates
If you’re a student or alum who blogs, send us links to your work and we’ll share them here on the Barcelona GSE Voice!