Monthly Archives: February 2015

One wrong Sentance after another

Andrew Sentance’s FT comment column this weekend needs a reply.   So much that it’s worth running the risk that this blog starts to be seen as the Andrew Sentance rebuttal unit. One thing Andrew says is: “By acting as instruments … Continue reading


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Market monetarists and the ‘myth’ of long and variable lags

One of the tenets of market monetarism is that acivist fiscal policy is a waste of time, since monetary policy can do all the stabilisation that’s needed.  On Twitter last night Joe Wiesenthal at Bloomberg wondered what MaMos would think … Continue reading

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The One Bank [of England] Research Agenda Launch

There’s lots to find encouraging about today’s One Bank Research Agenda Launch Party.  [Caveat:  my recovering kidney meant I could not sit for very long on the mis-shaped BoE conference centre chairs and had to bail out of most of … Continue reading

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Proximate roots of German monetary and fiscal conservatism

This post is all speculation and stereotype, but I think worthwhile passing on as it’s the sort of thing often talked about on the academic conference circuit.  It recaps on a bunch of tweets sent Thursday 18. The starting point … Continue reading

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On the binariness of the euro, or lack of it

Following on from my last post, a part of the argument that the Eurogroup will try to strike a deal at all costs is that they are seeking to protect the sacrosanct nature of the euro, which involves preserving that … Continue reading

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Eurogroup may figure Grexit doesn’t have to be the end of the Euro

There has been a continual flow of text in the Eurozone crisis based on this idea:  if Greece goes, this is the end of the Euro.  Because of that, the Eurogroup will step back from the brink and make the … Continue reading

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Greece the wheels by keeping emotion out of it

The leading protagonists on either side of the creditor-debtor struggle are using personal and emotive comments as a regular ploy.  The latest incident is Schauble’s remark that he ‘pities’ the Greeks for electing an ‘irresponsible’ Government.  But there have been … Continue reading

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With fiscal friends like these….

A link to my guest blog on Chunomics, curated by the Independent’s economics editor Ben Chu.

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Feb BoE Inflation Report post mortem

A few stream of consciousness points coming out of Thu Feb 12’s Inflation Report Press Conference. The MPC are determined to ‘look through’ the effects of commodity price falls, and describe balancing risks either side of their effects.  I don’t … Continue reading

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Greece, Acemoglu and Robinson

Recapping on tweets today. The dominant narrative in discussions of Greece is that if Greece wants further relief from sovereign debt, those who pay for it want something in return, in particular something that makes it less likely that Greece … Continue reading

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