Tuesday, 13 October 2015

A stimulus junkie's lament

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One ‘stimulus junkie’ has already had a go at this FT piece by the chief economist of the German finance ministry, but let me add thr...
78 comments:
Monday, 12 October 2015

Howes that

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Geoffrey Howe will probably be first remembered as the politician who brought down Margaret Thatcher by delivering a devastating resignati...
11 comments:
Sunday, 11 October 2015

One reason why monetary policy is preferred by New Keynesians

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I promised to write something on this some time ago, so this post is overdue. It was inspired by markets in Provence, where I have been for...
63 comments:
Thursday, 1 October 2015

Nonsense on data revisions

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Following publication of revised GDP figures today, Robert Peston writes : "a particular school of Keynesian economists may choose t...
34 comments:
Monday, 28 September 2015

On giving advice

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I was happy to agree to be on an advisory panel for  Shadow Chancellor John McDonnell MP. There are only two reasons why I would say no to ...
34 comments:
Friday, 25 September 2015

The path from deficit concern to deficit deceit

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I have always written that the arguments in 2010 for focusing fiscal policy on reducing debt were understandable. They were wrong, but you ...
54 comments:
Monday, 21 September 2015

What do macroeconomists know anyway?

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In an article in the Independent today I argue that what goes for a ‘credible’ economic policy among politicians and the media is often ve...
44 comments: