mainly macro

                Someone reading my recent post on major UK macro policy errors asked whether my blog was becoming more political. I hope ...

                Its sometime in the 1970s. Inflation is rising, and the monetary authorities are failing to raise interest rates by enough...

                While all the current focus is on the challenge to austerity thrown up by the French and Greek elections, it may be saluta...

                What would a hypothetical Eurozone government (or, to use jargon, a Eurozone social planner) do with monetary and fiscal ...

             I have spent the last week on a farm south of Matera in the Basilicata region of Italy . Wonderful scenery, sun, hospitalit...

               Internal consistency rather than external consistency is the admissibility criteria for microfounded models. Which means in...

Or does the fact that it is not matter for its overall macro policy                The Eurozone is undertaking more austerity than either t...