Friday, 30 March 2012

Comparing the UK and US recoveries

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                There has been a little discussion of why the UK ‘recovery’ has been poorer than in the US following Adam Posen’s speech (a...
3 comments:
Thursday, 29 March 2012

Is Eurozone Austerity Self Defeating, and is it all Germany's fault?

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                 Suppose DeLong and Summers (full paper here ) are right, and at the zero lower bound temporary fiscal stimulus leads to an ...
7 comments:
Wednesday, 28 March 2012

Information, Money and Politics

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A post that helps put the mainly in mainly macro                 A Conservative Party Treasurer is caught on camera trying to solicit £250...
Monday, 26 March 2012

Microfoundations and Central Bank models

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                When the need for internal theoretical consistency (microfoundations) and external empirical consistency (matching the data)...
13 comments:
Friday, 23 March 2012

The strange case of the disappearing productive capacity

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                Have a very quick look at the chart below. It looks like recent developments in actual output relative to potential. But it...
10 comments:
Wednesday, 21 March 2012

The UK Budget and the Political Dangers of Inequality

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                The symbolic centre piece of the UK budget was cutting the top rate of income tax. There has been and will be plenty writte...
9 comments:

The optimal speed of debt correction

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                This month’s Economic Journal sees the publication of a paper by Tatiana Kirsanova and myself that asks how quickly fiscal ...
5 comments: