Category Archives: Economics

The catch-all category for my blogs reflecting my professional expertise as a full professor of economics.

Macroeconomic textbooks ripe for composting

I have been travelling a lot today – train, car, plane, car – and in between speaking and other commitments so not much time to type some thoughts. Also a detective novel I am reading was quite interesting on the … Read the rest of this entry »

Posted in Economics, Teaching models | 16 Comments

IMF wrong on QE

Yesterday the IMF released new analysis of Quantitative Easing, specifically in relation to the Euro Area – Euro Area – Q&A on QE. This is in the context of the ECB beginning to discuss the possibility of introducing a large … Read the rest of this entry »

Posted in Economics, Eurozone, IMF | 10 Comments

Financial elites win with growth and austerity

I was thinking over the weekend about the concept of post nationalism in relation to the evolution of the Economic and Monetary Union (EMU) in Europe. As I complete my current book project on the euro-zone it is clear that … Read the rest of this entry »

Posted in Economics, Eurozone | 15 Comments

Fact checking the fact checkers is required in macroeconomic matters

There is a lot of misinformation spread in the media about the fiscal history of Australia and elsewhere. The Australian Broadcasting Commission, for example, has now a “Fact Check” facility where it checks statements made by politicians against the facts. … Read the rest of this entry »

Posted in Economics | 5 Comments

New economics – not much will change at the current rate

My upcoming book about Europe is tentatively called ‘European Groupthink: denial on a grand scale’. I have covered the concept of Groupthink before but I have been thinking about this in relation to the economics curriculum, given our textbook is … Read the rest of this entry »

Posted in Economics | 9 Comments

The BIS remain part of the problem

The Bank of International Settlements published its – 84th BIS Annual Report, 2013/2014 – yesterday (June 29, 2014). Their message is that governments (particularly central banks) have been too focused on reducing short-term output and employment losses at the expense … Read the rest of this entry »

Posted in Economics | 12 Comments

Argentina versus the Vultures – simple solution but leave morality out of it

There are several petitions circulating around the Internet at present condeming the US Supreme Court’s decision on June 17, 2014 to reject the appeal by the Argentine government against a prior US court ruling in favour of NML Capital Ltd, … Read the rest of this entry »

Posted in Economics | 18 Comments

A trail of misinformation and manipulation

Last week, the national broadcaster ABC’s Media Watch program – Up in Smoke – took aim at the Murdoch press (in particular, the Australian newspaper) for misleading reporting. The News Limited rag (it is barely that) has been running a … Read the rest of this entry »

Posted in Climate change, Economics, Politics | 6 Comments

The Looters and Moochers are apparently back in Australia

Last week (June 11, 2014), the Australian Treasurer gave a speech at the right-wing Sydney Institute entitled – A Budget For Opportunity. The Treasurer was attempting to spin the impossible – that the May Fiscal Statement was fair (equitable) in … Read the rest of this entry »

Posted in Economics | 9 Comments

Ricardian agents (if there are any) steer clear of Australia

Today is a public holiday in Australia where we go to the football or do other things all in the name of the Queen’s Birthday – the Queen of England that is. It remains an expression of our colonial yoke … Read the rest of this entry »

Posted in Economics | 9 Comments