mainly macro

Mainly for macroeconomists There are a significant group of people who think that monetary policy must be the right answer even in a li...

The coalition government in the UK has just updated the fiscal rules that govern how it decides budgetary policy. I think it is helpful to...

Paul Krugman picked up on my post commenting on the views of Robert Peston’s pals in the bond market, and Robert Peston has now responded...

The level of the government’s budget deficit is not the most important macroeconomic problem facing countries today. In the UK, for example...

In part 1 I contrasted the way I think about how different speeds of deficit reduction in the UK or US today will influence interest rates...

In a recent post I argued that the days when budget deficits mattered because of concerns about default are over. In 2010 it briefly looke...

I often know I have hit a raw nerve with one of my posts when I get responses of the ‘surely an economics professor at Oxford should know’ ...