Author Archives: Tony Yates

In response to blogs by Robert Peston, Simon Wren Lewis, and Jonathan Portes. In Peston’s blog, he says ‘I am simply pointing out that there is a debate here’, after suggesting earlier that ‘maybe the lesson of the last Parliament… … Continue reading →

The FT carried reports of the oddest central bank Governor speech I have ever encountered.  Koruda likened the BoJ’s recent quantitative easing policy to a confidence trick.  One that would fail as soon as people stopped believing, just like Peter … Continue reading →

The Greek crisis being a spectacle of financial warfare between creditors and debtor, rather than an exercise in benign social planning, it’s instructive to think about the difficulties posed by Greek democracy in reaching an agreement, through the jaundiced eyes … Continue reading →

I just came across this by Marty Feldstein, circulated by Matt O Brien on Twitter.  And it’s mighty confusing.  The premise of the article is the puzzle that the rapid expansion of the monetary base since the onset of the … Continue reading →

This post following exchanges on Twitter this morning.  It’s a link to a piece written by Ariadne Birnberg. It’s family-unit self-promotion, since Ari is my wife.  But relevant to the general theme of this blog, as it recounts the story … Continue reading →

I just had an email conversation with Greek macroeconomist Evi Pappa who is a Professor at EUI in Florence.  She made a point about tax collection that I had, for some reason, not grasped, even though it’s blindingly obvious. Right … Continue reading →

Paul Krugman swats aside my naive plea for a New Keynesian consensus on fiscal policy, suggesting that conservatives have always been opposed to Keynes.  But I stand by it.  I think our Conservatives [UK, big C] were tethered by those … Continue reading →