Category Archives: Economics

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

The neo-liberal race to the bottom is destroying communities and killing workers

I have been reading an interesting book – The Unwinding: An Inner History of the New America – by US journalist – George Packer – which traces the evolution of America over the period from 1978 to 2012. It is … Read the rest of this entry »

Posted in Economics, US economy | 30 Comments

Monetary policy has to work hand-in-glove with fiscal policy to be effective

In a paper – Fiscal Policy, Monetary Policy and Central Bank Independence – delivered to the Jackson Hole Economic Policy Symposium, hosted by the Federal Reserve Bank of Kansas City, last week (August 25-27, 2016), Princeton University academic Christopher Sims … Read the rest of this entry »

Posted in Central banking, Economics, Fiscal Statements | 7 Comments

Australian Treasurer embarrasses himself

The Australian Treasurer gave his first major statement in Sydney last week (August 25, 2016) since being barely re-elected in July. The speech – Staying the course – strengthening our resilience in uncertain economic times – was before an invited … Read the rest of this entry »

Posted in Economics | 25 Comments

Modern Monetary Theory – what is new about it? – Part 2 (long)

In yesterday’s Part 1 of this two-part blog – Modern Monetary Theory – what is new about it? – I introduced the idea that a major new contribution of Modern Monetary Theory (MMT) to economic theory was in its treatment … Read the rest of this entry »

Posted in Debriefing 101, Economics | 19 Comments

Modern Monetary Theory – what is new about it?

In a few weeks I am off to the US to present a keynote talk at the – International Post Keynesian Conference – which will be held at the University of Missouri – Kansas City between September 15-18, 2016. I … Read the rest of this entry »

Posted in Debriefing 101, Economics | 35 Comments

Why Uber is not a progressive development

A few weeks ago, I was waiting for a flight at the airport and during a conversation with a person who often travels the same route and schedule that I use on a regular basis (we are now sort of … Read the rest of this entry »

Posted in Economics | 22 Comments

Time for fiscal policy as we learn more about monetary policy ineffectiveness

The week before last, the Bank of Japan didn’t set off any bazookas and basically held ground on monetary policy. In its – Summary of Opinions at the Monetary Policy Meeting on July 28 and 29, 2016 – (released August … Read the rest of this entry »

Posted in Economics | 5 Comments

Don’t let neo-liberal (idiots) loose with a spreadsheet!

I was in the airport lounge yesterday and as one does I picked up the right-wing Australian Financial Review (which purports to present financial news and comment but is in reality a propaganda machine) and read an Opinion piece, which … Read the rest of this entry »

Posted in Economics | 18 Comments

The Bank of Japan needs to introduce Overt Monetary Financing next

The latest survey data from the Bank of Japan is interesting and supports a growing awareness among policy makers that monetary policy has run its course and will have to work more closely with active fiscal policy to stimulate economic … Read the rest of this entry »

Posted in Economics | 22 Comments

The Weekend Quiz – July 16-17, 2016 – answers and discussion

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Economics, Saturday quiz | 3 Comments