Tags » Macroeconomics

Yanis Varoufakis: why austerity doesn't work

Yanis Varoufakis explains in the short video below why austerity doesn’t work. He uses the example of the UK economy, and leaves out the foreign sector (trade and investment), which does simplify things. 257 more words

Political Economy

UK debt reduction: how can 'Spreadsheet Phil' do it?

Last week the UK government’s new Chancellor of the Exchequer, Phillip Hammond, known to some as ‘spreadsheet Phil’, gave his first Autumn Statement to parliament. This outlines the state of the UK economy and the government’s finances, and announces new policies on government tax and spending. 1,063 more words

Political Economy

Protectionism: which countries have room for fiscal expansion?

Macro Letter – No 66 – 25-11-2016

Protectionism: which countries have room for fiscal expansion?

  • As globalisation goes into reverse, fiscal policy will take the strain…
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Martin Wolf on why trade imbalances matter

A nice brief animated video narrated by Martin Wolf of the Financial Times, on why global trade imbalances matter. Such ideas are part of the explanation for current tensions over the direction of globalization and international trade, in the face of sluggish economic growth in many countries.

Political Economy

Yield Curve Control – the road to infinite QE

Macro Letter – No 65 – 11-11-2016

Yield Curve Control – the road to infinite QE

  • The BoJ unveiled their latest unconventional monetary policy on 21st September…
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Why Minsky Matters by L. Randall Wray - book review

I wrote this review of L. Randall Wray’s Why Minsky Matters for the Rethinking Economics project back in January. RE have changed their website and my review can no longer be found there, so I thought I would post it here. 1,117 more words

Political Economy

Crash course on Hyman Minsky, who saw the financial crisis coming

A short interview with Professor L. Randall Wray, scholar at the Levy Institute, on the work of economist Hyman Minsky. Minsky’s work on financial fragility has become well-known since the financial crisis which began in 2007. 104 more words

Political Economy