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Well, according to your definition of technocrat, you've just described the man they have tapped, Papademos. Most of his work as an academic has been focused on macroeconomic aspects of the eurozone. I'm sure he well knows the problem.

More troubling is his long long (9 years) reign as Trichet's righthand man at the ECB.

Educated at MIT as a scientist, he moved into economics rather late and taught until he joined a US Federal Reserve Board as senior economist, then moved on to Greece before joining the ECB.

He has been teaching at Harvard since 2010 and advising Papandreou. The fact that his advice has not resulted in preventing horrid austerity measures for Greece makes one question how effective he might be.

Then again, he may have the wherewithal to actual discuss and argue economic policy with his eurozone co-locutors.

by Upstate NY on Mon Nov 7th, 2011 at 10:26:27 AM EST
[ Parent ]
Let's hope, for Greece's sake, that not too much of Duisenberg and Trichet, two of the theologians to whom I referred, clouded his mind.

You can be scientific and still be a theologian, especially in Economics. It suffices to have a fancy econometric model with a lot of third and fourth derivatives, which while complicated enough, do not actually describe the world as it really works.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Mon Nov 7th, 2011 at 10:40:30 AM EST
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I think the devil though is in the details. He has published widely. It would only take a few choice papers to discern what his leanings are.
by Upstate NY on Mon Nov 7th, 2011 at 10:44:00 AM EST
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Worth looking into.

Do you have any suggestions?

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Mon Nov 7th, 2011 at 10:44:38 AM EST
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by gk (gk (gk quattro due due sette @gmail.com)) on Mon Nov 7th, 2011 at 11:09:29 AM EST
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Thank you for this, was looking more for works from the caretaker in question.

The Hun is always either at your throat or at your feet. Winston Churchill
by r------ on Mon Nov 7th, 2011 at 11:16:08 AM EST
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Thanks. Doesn't say much. Sounds very apparathcik-y. Basically fulfilling his function in the ECB--emphasizes "rules."
by Upstate NY on Mon Nov 7th, 2011 at 11:19:59 AM EST
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I can't access the scholarly articles from here. If nobody comes up with anything and I have time at work tomorrow, I'll see what I can access via our library's subscription.
by gk (gk (gk quattro due due sette @gmail.com)) on Mon Nov 7th, 2011 at 11:26:18 AM EST
[ Parent ]
http://www.accuracy.org/release/greece-from-the-frying-pan-into-the-fire/

Apparently, he's an Austerian. Very much in line with no haircuts, must pay back all the sebt.

Not sure what in the world he means by all of this.

by Upstate NY on Mon Nov 7th, 2011 at 11:42:42 AM EST
[ Parent ]
"Economic Cycles and Monetary Policy" in Monetary Policy, Economic Cycle and Financial Dynamics, Paris: Banque de France, 2004.

"Policy-making in EMU: strategies, rules and discretion", in Economic Theory, vol. 27, 2006, pp. 25-38.

Also, found this from Harvard:

PED-231: The Global Financial Crisis: Policy Responses and Challenges

Semester: Spring

Credit: 1.0

Faculty: Lucas Papademos
Schedule
    Day     Time     Location
First Day     1/23        
Meet Day     M/W     1:10 PM - 2:30 PM     L332
Review            
Description

This course examines policies aimed at the prevention and management of financial crises in the light of recent experience. Topics covered include: macroeconomic and microfinancial causes and contributing factors to the global financial crisis; the role of central bank policies in crisis management and prevention; fiscal stimulus packages and bank support schemes; financial regulatory reform and the G20 process; systemic risk and macroprudential supervision; the fiscal legacy of the financial turbulence and the economic recession; and the European sovereign debt crisis.

by Upstate NY on Mon Nov 7th, 2011 at 11:16:02 AM EST
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Thank you!

The Hun is always either at your throat or at your feet. Winston Churchill
by r------ on Mon Nov 7th, 2011 at 11:16:21 AM EST
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redstar:
do not actually describe the world as it really works

Just stylize the facts, that'll do the trick.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Nov 7th, 2011 at 11:07:37 AM EST
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See ECB Vice-President Speeches. The first few are by Vitor Constancio but prior to June 2010 they're all by Papademos.

To err is of course human. But to mess things up spectacularly, we need an elite — Yanis Varoufakis
by Migeru (migeru at eurotrib dot com) on Mon Nov 7th, 2011 at 11:28:46 AM EST
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Apparently, Papademos will not accept the PM position. He will only accept the Crown.
by Upstate NY on Mon Nov 7th, 2011 at 02:41:04 PM EST
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Papademos has now accepted.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Nov 8th, 2011 at 02:35:27 PM EST
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How is that important who will be the one to welcome bankruptcy administrators?

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Nov 9th, 2011 at 06:18:28 AM EST
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Well, the government is also the ones tat has the power to order the guns to be fired at demonstrators, so I do imagine it matters who is in charge these volatile days.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Wed Nov 9th, 2011 at 07:02:18 AM EST
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Yeah...you are right in this...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Nov 9th, 2011 at 07:10:19 AM EST
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Because welcoming them with a set of handcuffs and a military escort to the nearest border is a completely viable option for Greece.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Nov 9th, 2011 at 11:05:59 AM EST
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Scientific would be the pursuit of cause and effect explanations. What you are referring to with the econometric modeling is scientism ~ emulating the form rather than the substance of established sciences.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Nov 9th, 2011 at 12:14:45 PM EST
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