Karl Whelan

Karl Whelan


Professor of Economics at University College Dublin.

16967 followers  •  462 follow  •    •   https://t.co/NvGOAfYRXr

600 fans at the Northern Ireland v Austria football match. Great to see the kinds of things that can happen when you do well in containing the virus. (Sarcasm font).

This week in live online lecturing. On Tuesday, I couldn't be seen or heard in our online classroom. Managed to get everyone to switch over to Zoom but lost 10 minutes. On Thursday, I set the wrong time for the session and accidentally "locked out" most of the students. The joys!

@brianmlucey  Pretty much the same for me. I’d set the time to finish at 12 instead of 1 and only those who’d logged in early could get in. Long week ... almost beer o’clock.

@D_Blanchflower  @t0nyyatesIn  an alternative world, there would be awards separate from purely academic research and focused on policy contributions. I nominate @Claudia_ Sahmfor her work on the Sahm rule for the first Blanchflower Award for Relevant Economics.

Match of the day tells me Palace-Brighton is a “derby game”. Google maps says their stadiums are 46 miles apart. How is it a derby game?

There can't be a more valuable skills coach in world football than Man United's "how to win a penalty" coach. Way beyond random chance now. Whoever the guy is, he's a genius.

A question for banking\monetary policy Twitter. There has been a huge spike in currency in circulation in the US. Why?

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And we know that people are using cash less and contactless more. Hence the various stories on coin shortages and coins are not being recycled in the usual fashion. So currency holdings are surging at a time when people are using it less. What's going on?

One possible explanation is that certain (probably underground tax-avoiding) sectors of the economy pay people in cash. The people getting paid this way have switched to contactless to pay for stuff and are building up cash mountains that they don't want to deposit in a bank.

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German request for Greece to sign over €50 billion in assets. This is 27% of Greek GDP. In the U.S. this would be €4.5 trillion.

Newsnight opens with "Labour are going to renationalise water, mail, rail and buses ... radical stuff." My first thought -- all that stuff is nationalised in Ireland and people don't think we're some kind of radical socialist republic.

Well British people, you're going to get what you deserve. Personally, I'm looking forward to all the news stories of farmers, fishermen and small business owners saying "we had no idea we'd be ruined." They were told. They ignored it.

Hovering between relief and disgust at the agreed deal. I think this from Munchau summarises the key issue now.

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BBC news appear to have essentially ignored Davis's admission on the sectoral studies. Not only are the days when ministers had to resign for repeatedly lying about crucially important information are long gone -- the British press actively thinks it just doesn't matter.

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