Category Archives: Uncategorized

Strangely, for many people, that title qualifies as clickbait. It’s actually the title used by this paper, and has attracted quite a bit of attention in the popular econ media, eg on Twitter, appearing in my timeline several times.  Partly … Continue reading →

One of our objections to Corbynomics was the plan for renationalisations.  We asserted in our letter that this consumed fiscal space.  What was meant by that was that the cost of finance for governments, after a certain point, will depend … Continue reading →

Here’s the letter, organized by Paul Levine and myself, to appear in the FT tomorrow, and here’s Chris Giles’ story about the letter. Thanks to those who signed, [dubbed by Danny Blanchflower ‘mindless theorists and right wing nut-jobs’], and the … Continue reading →

In case you missed it, I’m organising, with Paul Levine at Surrey, a letter to express the anti-Corbyn view, to counter the misleading impression given by the ‘letter of 41’ published in the Guardian.  If you are a practising economist … Continue reading →

I was alerted by Matt O Brien on Twitter that some [see, for example this NY Times op-ed] are arguing that the Fed and other central banks, who had prefigured an imminent first hike in rates in their speeches, should … Continue reading →

That’s the conclusion of Richard Murphy’s latest blog.  He has latched onto the latest of dozens of speeches by central bankers pointing out that for one reason or another, they don’t expect the resting point of central bank rates to … Continue reading →

I’ve been organising an anti-the-41 letter, which has been going slowly, the score currently 41-29.  In the course of that I corresponded with Paul Levine, a Professor specialising in macro at the University of Surrey. Paul is a founder member … Continue reading →

Put as a question as I can’t claim to know enough to be sure.  But some are castigating Tsipras for being irresponsible and subjecting Greece to unwanted and unnecessary uncertainty so soon after concluding the 3rd bail-out agreement, and receiving … Continue reading →

This suggestion was put to me by an old friend, and it seemed right.  To explain: Jan Vlieghe – who I think is a great hire for the MPC – is shortly to start voting on the MPC, following his … Continue reading →

Here’s a recent restatement by James Alexander, at Marcus Nunes’ blog, of one of the tenets of market monetarism.  That monetary policy – via financial markets – has its effects instantaneously, always, and that the ‘long and variable lags’ commented … Continue reading →