Browsing All posts tagged under »Debt-to-GDP«

The Economic Issues Raised by Possible Scottish Independence

July 18, 2011

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On 5th May 2011, the first time since devolution in July 1999, the Scottish National Party won a majority of seats in the Scottish Parliament at Holyrood.  One of the key manifesto promises of the party is to hold a referendum on Scottish independence before 2016.  While political commentators have begun discussing the potential political […]

Fisking Polly Toynbee on the Irish “Bail-out”

November 24, 2010

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Today The Guardian newspaper, published a Polly Toynbee column entitled “Ireland shouldn’t get a penny until it gives up its tax piracy“.  The article is riddled to such an extent with conjecture, half-truths and fantasy economics that I thought it deserved a full-on Fisking, so here goes: The bailout of Ireland and its banks is so odd that […]

Why A Slower Pace of Government Deficit Reduction Isn’t a Big Problem

October 18, 2010

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With the unequivocal manner in which some UK Coalition Government have been speaking recently, people might be forgiven for thinking that the pace of government deficit reduction set out by George Osborne in the 10th June 2010 emergency budget had instead been handed-down to him by God at Mt Sinai.  However, as noted at a […]

How High Government Debt Destroys GDP Growth

August 26, 2010

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Cristina Checherita and Philipp Rother of the ECB have recently published an empirical study looking at the effect of high government debt on GDP growth, snappily entitled “The Impact of High and Growing Government Debt on Economic Growth: An Empirical Investigation for the Euro Area“, in which they find that: “This means that, on average […]