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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