mainly macro

Much of the coverage of deflation seems to miss the key point. Deflation is a sign that resources are being wasted. The lower inflation is,...

If you think this sentiment is dangerous, because you have read that if this left wing party formed a government after the forthcoming Gree...

I see that George Osborne is giving the RES lecture this year. This post might be useful background, just in case what he says goes beyond ...

A number of us are highly critical of moving to austerity so early in the recovery from the Great Recession. Market Monetarists (MM) argue ...

When you just know something is true, like fiscal policy never matters much and NGDP targeting would have avoided the Great Recession, ever...

Tony Yates has recently been battling with some members and supporters of the heterodox economics community, and is clearly very annoyed b...

I do not normally talk much about the US economy, because there are so many others writing articles and posts that can do so with more auth...