mainly macro

Not now exactly. In the UK, for example, the MPC has scope for some further reduction in interest rates. (I think they should use that scop...

This picture is what happened to part of the mainline between the South West of the UK and London after the latest storms. I used to trave...

My and Paul Krugman’s comments on Ken Rogoff’s FT piece have generated an interesting discussion, including another piece from Ken Rogo...

Ken Rogoff’s article in the FT today is a welcome return to sanity in the austerity debate. None of the nonsense about opponents of auster...

In an earlier post I went through the logic of why we do not think higher government debt necessarily causes inflation, even if that debt ...