PERG Blog

a href="http://4.bp.blogspot.com/-fMJIQsL-OxU/T04XzRd-MoI/AAAAAAAAAcA/uE40uvXSb0Q/s1600/greece.jpg"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 244px;" src="http://4.bp.blogspot.com/-fMJIQsL-OxU/T04XzRd-MoI/AAAAAAAAAcA/uE40uvXSb0Q/s400/greece.jpg" alt="" id="BLOGGER_PHOTO_ID_5714531146809619074" border="0" //abr /So you are one of those who think that no good can come out of austerity? Or else, you think that 'sound' macroeconomic policies are the way to go? Well, design your own plan for saving Greece a href="http://crookedtimber.org/2012/02/16/so-what-would-your-plan-for-greece-be/"here/a. Maybe that'll help...div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5697171334859620551-689096408412370062?l=pergceu.blogspot.com' alt='' //div

a href="http://3.bp.blogspot.com/-m39dzBBoyn0/Tzjf44xtYFI/AAAAAAAAAb0/0Bd-UFiHAj8/s1600/perg.jpg"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 345px;" src="http://3.bp.blogspot.com/-m39dzBBoyn0/Tzjf44xtYFI/AAAAAAAAAb0/0Bd-UFiHAj8/s400/perg.jpg" alt="" id="BLOGGER_PHOTO_ID_5708558696098652242" border="0" //aa href="http://fosslien.com/heart/"A rather nerdy take on Valentine's Day/a... or as the authors claim: "expectation management, the key to a long and happy relationship". If, however, it doesn't work out, charts demonstrating your inelastic demand and natural monopoly notwithstanding, you can still ponder about the a href="http://www.youtube.com/watch?v=298nld4Yfds"50 Ways to Leave Your Lover/a...div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5697171334859620551-3417406106712332415?l=pergceu.blogspot.com' alt='' //div

a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/-FABtzw17Abc/Tx6tYHEyfHI/AAAAAAAAAbk/szeEvZu9a2s/s1600/sandp.jpg"img style="display: block; margin: 0px auto 10px; text-align: center; cursor: pointer; width: 400px; height: 213px;" src="http://3.bp.blogspot.com/-FABtzw17Abc/Tx6tYHEyfHI/AAAAAAAAAbk/szeEvZu9a2s/s400/sandp.jpg" alt="" id="BLOGGER_PHOTO_ID_5701184808025226354" border="0" //abr /Rating agencies remain in the spotlight and they seemingly can never make anyone happy: when they junk or downgrade countries, it obviously hurts, when they fail to do just that, they get blamed for not warning the world to the looming economic crisis. A recent a href="http://www.ft.com/cms/s/0/b9aaf7b0-4291-11e1-93ea-00144feab49a.html#axzz1kJO2Q57T"commentary in the Financial Times/a (and the above illustration) is clearly pointing the finger at them. span class="fullpost"br /br /PERG, however, had the privilege to listen to a more nuanced take: Zsofia Barta (EUI) presented her research on how rating agencies determine the creditworthiness of a country. a href="http://perg.ceu.hu/events/2012-01-17/rating-politics-a-presentation-by-zsofia-barta-max-weber-fellow-european-universit"More details on the PERG website/a.br //spandiv class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5697171334859620551-8354493352311095843?l=pergceu.blogspot.com' alt='' //div

PERG's very own Vera Asenova discovers how restricted markets can still lead to an increase in Pareto efficiency... well, through the good old black market. Read more about her money exchange adventures in Kiev, Ukraine on a href="http://verasen.wordpress.com/2011/11/14/kiev-money-exchange/"her blog/a.br /br /a href="http://4.bp.blogspot.com/-Udg13JU3Qkg/TxiHNn6vXoI/AAAAAAAAAbY/cOuT3PZE9MY/s1600/kiev.jpg"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 276px;" src="http://4.bp.blogspot.com/-Udg13JU3Qkg/TxiHNn6vXoI/AAAAAAAAAbY/cOuT3PZE9MY/s400/kiev.jpg" alt="" id="BLOGGER_PHOTO_ID_5699453996560768642" border="0" //aspan style="font-size:85%;"(a href="http://www.reuters.com/"Reuters/a) People waiting for Vera/spanspan style="font-size:85%;" to approach them with euros, /spanspan style="font-size:85%;"in front of a Kiev exchange/spanspan style="font-size:85%;"./spandiv class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5697171334859620551-4471800034881315219?l=pergceu.blogspot.com' alt='' //div