This article narrates Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign...

Whereas in 1970 most of the large EC countries were still recording real growth rates in excess of 5%, after the two oil crises there was an appreciable slowdown in economic expansion and at the beginning of the eighties even a real contraction. At the same time unemployment increased...

Between 1968 and 1974 Brazilian exports increased at an annual average rate of 27%, coinciding with extremely high rates of the country's economic growth. Interesting is therefore the role played by the exports in the Brazilian seven year boom and the discussion of the outward looking strategy...