Blogs&Reviews

  • Crashed

    Diane Coyle, 25 September 2018

    Diane Coyle reviews Adam Tooze's "Crashed: How a Decade of Financial Crises Changed the World", a detailed account of the political forces that enabled a few dozen banks to entwine the world’s economies in an interlinked web of credit at massive scale, and the political reactions to and consequences of the crisis.

  • The ten years since the Global Crisis erupted have seen lots of progress in regulatory reforms. In this post, Thorsten Beck argues that what is missing is a more fundamental rethink, at least among policymakers, of the role of the financial sector, especially in high-income countries.

  • Machine learning represents a radical change in the way computers “think”.  In this post, RIchard Baldwin discusses how machine translation – machine learning applied to language – will change the way the modern world works.

  • How to predict a crisis

    Simon Wren-Lewis, 17 September 2018

    On 16 September 1992, the UK government had to withdraw the pound sterling from the European Exchange Rate Mechanism. In this post, Simon Wren-Lewis asks if can we draw any parallels between Black Wednesday and the Global Crisis, or more generally whether there is anything that links disasters of this kind.

Other Recent Blogs&Reviews:

  • Simon Wren-Lewis, 03 June 2018

    With unemployment remaining high in the euro area and core inflation well below target, Simon Wren-Lewis argues that German fiscal policy, in particular, is too tight, calling for stimulus in the form of public investment.

  • Jon Danielsson, 01 June 2018

    Are cryptocurrencies the future of money, Ponzi schemes, speculators dream, freedom or just a cult?

  • Thorsten Beck, 01 June 2018

    The recent eBook, "Ordoliberalism: A German oddity?", was presented in Washington DC and Vienna. This post summarises the discussion concerning the divergence between practice in theory when it comes to bank bailouts and ordoliberalism.

  • Jon Danielsson, 01 June 2018

    The excessive build-up of risk before 2007 was missed in spite of all the numbers being in front of us. Jon Danielsson explains how financial policymakers have fallen for the 'McNamara fallacy' in many aspects by solely relying on what can be measured and quantified, preferring to regulate by models and focusing on perceived risk and not actual risk.

  • Diane Coyle, 31 May 2018

    This review of Benn Steil’s new book on the Marshall Plan looks at the beginning of the Cold War from the vantage of post-Brexit Britain, and outlines how Steil sheds new insights on many of the players in the debate over the Marshall Plan’s adoption.

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