Aug 11, 2020
A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. However, there is a more plausible explanation for the persistent trade imbalance between the US and its major trading partners.
Jul 8, 2019
It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
Nov 7, 2019
National States and Conflicting Economic Priorities in the Making of the European Monetary System
Mar 15, 2018
What 200 Years of Government Interventions in Financial Markets Can Tell Us
Jan 28, 2019
Central bankers pursue a “neutral” rate that doesn’t exist
Apr 10, 2019
Italy’s austerity-fueled crisis is a warning to the Eurozone
May 16, 2019
Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why
Oct 31, 2019
Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes
The EU’s Green Deal: Bismarck’s ‘What Is Possible’ versus Thunberg’s ‘What Is Imperative’ in the Age of Covid-19
Apr 1, 2020
What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work
Jan 30, 2020
Without new economic thinking, macro policy will retain its deflationary biases and secular stagnation remains the ‘normal’.
Feb 4, 2020
The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution