mainly macro

From comments on an earlier post, it is clear how many people do not understand how a monetary union works. Thinking about it, I also real...

We now know that at least one of the flood prevention schemes that was axed when spending was first cut back in 2011 was in one of the are...

In my recent talk in Dublin, I defined fiscal austerity in a way that is not generally applied, but which I think makes sense. The most co...

UK flooding again tops the news, and I’m reminded of a series of posts I wrote after Christmas 2013. The first showed how austerity led to...