Monthly Archives: December 2013

Top Posts of 2013

This blog is two years old this week.

In 2013, two of the top three most popular posts in terms of hits were also in the top three for 2012, reflecting enduring interest in reading the tea leaves of Mexican politics during President Peña Nieto’s first, reform-heavy year in power (Mexico: A Political Risk Assessment; 2013 rank: 1; 2012 rank: 3) and in tracking the rise and fall of Ireland’s economy (The Boom Bust Life Cycle of Ireland’s Balance of Payments and Net Foreign Assets; 2013 rank: 2; 2012 rank: 2).

Third was an ‘Econ 101’ post breaking down the components of Irish GDP. Fourth was a post looking at Ireland’s Top 1%, and their income share which has been trending upwards since the mid-1980s. Rounding out the top five was a look at the psychology of taxation in the context of budget consolidation in Ireland.

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Will 2014 be a happy new year?

Writing this time last year, I looked forward with trepidation to 2013 as another ‘year of living dangerously’. Risks abounded. Every silver lining presaged a cloud. The path ahead was strewn with banana skins and danger lurked around every corner. It’s not for nothing they call economics the dismal science!

Confounded by years and years of growth falling short of forecasts, of the recovery on the horizon being just another mirage, economists can be forgiven maybe for feeling that stagnation was the new normal.

But, could this time be different? Continue reading