Category Archives: Martin Wolf

Week 27, 2013, further reading


Rationality and the Euro by Paul Krugman, NYT ———————————————————— Austerity Won’t Work if the Roof Is Leaking by ROBERT H. FRANK, NYT ———————————————————— Nobody Pays Any Attention To What I Say by Paul Krugman, NYT ———————————————————— E Pluribus Unum by Paul Krugman, NYT ———————————————————— … Continue reading

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Week 26, 2013, further reading


The Always-Wrong Club by Paul Krugman, NYT ———————————————————— Careless talk may cost the economy by Martin Wolf, ft.com ———————————————————— Florida Versus Spain, An Update by Paul Krugman, NYT ———————————————————— Nova SBE is once again the sole Portuguese school in the FT Finance ranking We … Continue reading

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Week 25, 2013, further reading


Profits Without Production by Paul Krugman, NYT ———————————————————— Rents and Returns: A Sketch of a Model (Very Wonkish) by Paul Krugman, NYT ———————————————————— Reform of British banking needs to go further by Martin Wolf, ft.com ———————————————————— A Potentially Tragic Taper by Paul Krugman, NYT … Continue reading

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Martin Wolf: Britain’s perilous austerity bunker


  David Cameron’s argument against fiscal policy flexibility are wrong David Cameron’s “there is no alternative” speech last week on the UK economy has aroused much criticism. This is justified. The British prime minister’s arguments for sticking to the government’s … Continue reading

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Martin Wolf: The sad record of fiscal austerity


  The ECB could have prevented the panic. Tens of millions are now suffering unnecessarily At the Toronto summit of the Group of 20 leading economies in June 2010, high-income countries turned to fiscal austerity. The emerging sovereign debt crises … Continue reading

Posted in FT.com, Martin Wolf | 1 Comment

Martin Wolf: Weaker pound is welcome but no panacea


  The challenge is to connect monetary and fiscal policy to promote demand while enhancing supply Sterling is falling. Hurrah! The needed rebalancing of the UK economy calls for a further depreciation of the real exchange rate. If the call … Continue reading

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Martin Wolf: Why the euro crisis is not yet over


  If all members of the eurozone would rejoin happily today, they would be extreme masochists ©Ingram Pinn Is the eurozone crisis over? The answer is: “yes and no”. Yes, risks of an immediate crisis are reduced. But no, the … Continue reading

Posted in FT.com, Martin Wolf | 1 Comment

Martin Wolf: The case for helicopter money


  It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” This comment of Mark Twain applies with great force to policy on money and banking. Some are sure … Continue reading

Posted in FT.com, Martin Wolf | 2 Comments

Martin Wolf: A case to reset basis of monetary policy


  Yet proponents of the current regime (of which I was one) justified it not only on the proposition that it would stabilise inflation, but that it would help stabilise the economy. It failed to do so. In terms of … Continue reading

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Martin Wolf: America’s fiscal policy is not in crisis – FT.com


  Under these assumptions, the ratio of debt to GDP would stabilise at about 73 per cent (see chart). Would this be unbearable? No. At current real interest rates, the cost would be zero. Even if real rates of interest … Continue reading

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