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Have a great Christmas and we’ll be back in the New Year. If you’re feeling starved of economics over the next ten days The Atlantic has a selection of beautiful Christmas cards to send to your loved ones: If you need something a little more stimulating then you can catch up on some of the debates […]
This post draws upon a blog I wrote for The Reformer. A few days ago I wrote about the lessons that can be drawn from the recent history of the UK’s fiscal rules. This post measures the Government’s new Charter for Fiscal Responsibility against them. The Charter sets out the Government’s fiscal rule and requires […]
It’s taken me a month to read it but Deirdre McCloskey’s essay on Piketty’s Capital is just as persuasive as you’d expect. Print it and read it with your family over Christmas! The review doesn’t break any new ground but it is eloquent and engaging. Her central themes are:
Earlier this week the UK Government announced its new fiscal rule, which defines the fiscal envelope. For those of you who aren’t British, the deficit exceeded 10% of GDP during the recession and fiscal sustainability has become an important political issue, even for people who aren’t econ junkies! Unfortunately, this new rule is unlikely to […]
I’m sure you’ve all noticed that, with the exception of Patrick’s great post on productivity yesterday, it’s been a bit quiet around here lately. Matt’s busy working two jobs in addition to writing a PhD, agnitio has decided that a house and family are more important than blogging, and I have descended into the laziness […]
Bank of England Chief Economist Andy Haldane: “I have a dream. It involves a Star Trek chair and a bank of monitors. It would involve tracking the global flow of funds in close to real time, in much the same way as happens with global weather systems.” Is the binding constraint on better macroprudential policy […]