Author Archives: Tony Yates

This post picks up on Draghis’ comments that buying riskier assets can be better for the stabilising properties of the ECB’s forthcoming credit easing.  The title looks like it’s calculated to put readers off.  But 1) it’s Friday, 2) I’m … Continue reading →

A long-time risk of simply the possibility of a Yes vote for Scottish independence, let alone the actuality, is that investment would dry up in Scotland, and perhaps in the rest of the UK;  deposits and wholesale funding for Scottish … Continue reading →

A short post substantiating my tweet yesterday asserting this, which was picked up by the Guardian, but, all on its own, to those not swimming in this stuff, might look rather odd. We could think of an ECB purchase of … Continue reading →

Draghi’s press conference today left many questions hanging in my mind. Here are a bunch of disjointed responses, recapping on tweets earlier today. Why didn’t he mention an amount in announcing the start of purchases of private sector assets? Is … Continue reading →

Martin Wolf’s call to arms is a stirring read, and I agree with much of its conclusions on the need for simple and very much tighter regulations on bank leverage.  However, I don’t agree with how they are reached.  Somewhat … Continue reading →

Paul Krugman and Simon Wren-Lewis characterise the Eurozone crisis as partly or wholly caused by German intransigence, the outcome of which is monetary and fiscal policy that is too tight, forcing an unnecessarily harsh fiscal and competitiveness adjustment on the … Continue reading →

This post recaps on today’s tweetstorm about core inflation, which follows Paul Krugman’s blog on the topic.  It’s late on Friday, productivity levels are falling, and I can defend not doing my bit for my co-authors on my revise and … Continue reading →