Monthly Archives: February 2018

The New Keynesian fiscal rules that mislead British Labour – Part 2

This is Part 2 of my Three Part exposition of how the standard New Keynesian approach to the specification of fiscal rules will generate poor advice for politicians desiring to achieve progressive socio-economic goals. The paper I am using to … Read the rest of this entry »

Posted in Britain, Debriefing 101, Fiscal Statements | 25 Comments

The New Keynesian fiscal rules that mislead British Labour – Part 1

The British Labour Party is currently leading the Tories in the latest YouGov opinion polls (February 19-20, Tories 40 per cent (and declining), Labour 42 per cent (and rising). They should be further in front, given the disarray of the … Read the rest of this entry »

Posted in Britain, Debriefing 101, Fiscal Statements | 22 Comments

Snowbound in the North

I am now in Europe (just) and will be here for the next two weeks. Next weekend, I will be speaking at some events in Barcelona and I will circulate details when I know more. This week I am giving … Read the rest of this entry »

Posted in Admin, Music | 11 Comments

The Weekend Quiz – February 24-25, 2018 – 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 Saturday quiz | 9 Comments

The Weekend Quiz – February 24-25, 2018

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | 2 Comments

Welcome to the ‘homeless’ working poor – a new neoliberal KPI

In advanced nations, poverty used to be a thing of old age, once income had stopped due to retirement and savings depleted. Old-aged pension systems were intended as Welfare States emerged to prevent that fall into poverty. The pension systems … Read the rest of this entry »

Posted in Future of Work, Labour costs | 11 Comments

The ‘tax the rich’ call bestows unwarranted importance on them

It is Wednesday, so only a few snippets only today, while I am working on six lectures I have to give in Helsinki over the next two weeks. The first of those lectures will be a public event. And looking … Read the rest of this entry »

Posted in Music, Reclaim the State | 10 Comments

There is no European citizen – cultures and narratives diverge in the Eurozone

I have noted before that when someone asks me where I come from I immediately (and innately) respond Australia. If questioned further I might tell them I grew up in Melbourne, Victoria. Sure enough, I am a Victorian (with some … Read the rest of this entry »

Posted in Eurozone, Framing and Language | 14 Comments

Censorship, the central bank independence ruse and Groupthink

A few things came up late last week which demonstrate the neoliberal Groupthink is alive an well at the highest levels of policy in Australia (and elsewhere). First, there was a story that a report from an Australian Broadcasting Commission … Read the rest of this entry »

Posted in Central banking, Fiscal Statements, Framing and Language, RBA decisions, Reclaim the State | 17 Comments

The Weekend Quiz – February 17-18, 2018 – 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 Saturday quiz | 8 Comments