Thoughts on Inflation

There is always this big talk about inflation being so low. Let’s look into hy this doesn’t fit everyone’s understanding … More

Neo-Mercantalism in ER

1. Introduction In “Economic Realism” I discussed wealth transfers and relative wealth growth among cities, nations and power groups at … More

Set-Up Hypothetical economy of an industrialized economy engaging in trade with a less industrialized economy that is running an export … More

Stumbled on an interesting lecture from Steve Keen running a Minsky-type model on a pure credit economy to look at … More

The modern monetary theory (MMT) combined with the excessive money printing and low interest rate policy of the US Federal … More

This is a response to an article and discussions on FT found here. Public debate focuses again on how bad share … More

This morning I was reading an article by financial times shedding light on the question whether Japan’s past 30 years … More

The stimulus is there. The QE packages fully set-up. Interests are low and tight, bank balance sheets are getting sweeped. … More

The stimulus is there. The QE packages fully set-up. Interests are low and tight, bank balance sheets are getting sweeped. … More

As a macro-economist, I am always interested in how things play out in an economy on the macro economy. I … More