mainly macro

“Italy, I believe, is the eurozone’s fault line.” Not from an article on the recent crisis, but from a book by Ashoka Mody, called “Euro ...

Does the financial crisis reveal that economists are at the leeches and mercury stage of their subject, and as a result policy makers and ...

Almost every time I write something about Brexit, I get at least one comment along the lines of ‘you economists got it wrong on the Euro, s...

In his latest piece  Wolfgang Münchau writes that if Brexit happens then “the EU you may wish to rejoin will be different from the one ...

That essentially is the argument of the Telegraph’s Allister Heath, expressed as Donald Trump might. Heath says we have a been failures fo...

Mistake 1 If you are going to blame anyone for not seeing the financial crisis coming, it would have to be central banks. They had t...

In a recent post I argued that many of the Eurozone’s current problems stem from low nominal wage inflation in Germany before 2008. In tha...

There are many laudable reasons to campaign for Scottish independence. But how far should those who passionately want independence be prepa...

John Taylor originally suggested his rule as both a good guide to what central banks actually do and also one that “captures the spirit of...

Athanasios Orphanides , leading academic macroeconomist and from 2007-12 Governor of the Central Bank of Cyprus, does not hold back in a re...

If fiscal policy is important at the zero lower bound, why did the US recovery continue in 2012 and 2013 despite a large fiscal contraction...

After reading all about the latest ECB moves, I happened to read this by Noah Smith (HT MT). It made me unusually irritated, but it is not...