mainly macro

Stephanie Flanders makes a very perceptive point in a post today. She says: “Does the chancellor want to set a new target for the Bank of E...

An attractive way to give a broad sweep over the history of macroeconomic ideas is to talk about a series of reactions to crises (see Matthe...

I would not be the first to observe that there is a potential conflict between George Osborne’s role as Chancellor and his deep involvement ...

In my last post I outlined why a world in which the government owned assets rather than issued debt might be better, because it would allow...

In a recent post I had an imaginary interviewer asking “ But surely no government can keep on borrowing more forever.” To which my sugges...

People who believe this are not confined to the US. In articles in the  Telegraph  and the  FT (HT Frances Coppola ), Andrew Sentance say...

One of my projects for the year ahead is to come off the fence (one way or another) on nominal GDP targeting. As an experiment, I’ll try a...