Monday, November 24, 2014

Is 0% growth for 90% a successful economic model?

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Via Greg Mankiw I read the review of Piketty's book by Deirdre McCloskey . The review reminds me of the conversations I have in my class...
Thursday, November 20, 2014

Macroprudential policy and distribution of risk

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There is very little doubt that housing prices and leverage played a strong role in the global financial crisis that started in 2008. As th...
Sunday, November 16, 2014

German economic policy and chameleons

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Wolfgang Munchau's FT article today is one of the most complete explanations I have seen about the origin and contradictions of the Ger...
Sunday, November 9, 2014

The false rhetoric of (Euro) victims and offenders

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Hans-Werner Sinn has written a new book with an analysis of the causes and potential solutions of the Euro crisis: "The Euro Trap: on B...
Wednesday, October 29, 2014

Riksbank and ECB: reverse asymmetry

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The Swedish central bank just lowered interest rates to zero because of deflation risks. This action comes after ignoring repeated warnings ...
Wednesday, October 1, 2014

The permanent scars of fiscal consolidation

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The effect that fiscal consolidation has on GDP growth has probably generated more controversy than any other economic debate since the star...
Wednesday, September 17, 2014

Italian workers were too productive for 20 years

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The 2008 crisis has resulted in significant downward revisions of potential growth for most advanced economies. As output collapsed we revis...