Blogs&Reviews

  • How the left stopped being a party of the working class

    Simon Wren-Lewis, 11 October 2018

    Educated voters in France, the UK, and the US tended to vote right after WWII, but are now more likely to vote left. In this post, Simon Wren-Lewis discusses possible factors behind this shift and implications. 

  • Two presidents, one economy

    Christopher Knittel, 10 October 2018

    Recently, both Presidents Trump and Obama have publicly taken credit for the strong US economy. In this post, Christopher Knittel turns to data to evaluate their claims.

  • The macroeconomic perils of a world with a private digital currency and how to address them

    Yakov Amihud, Alex Cukierman, 08 October 2018

    In this post, Yakov Amihud and Alex Cukierman discuss potential risks to the functioning of monetary policy instruments if government-produced fiat money is completely replaced by private money.

  • US tariff levels now at emerging market levels

    Menzie Chinn, 07 October 2018

    In this post, Menzie Chinn compares US tariff levels with those of other countries, and discusses how rejigging the global value chains tat have built up over decades to accommodate tariffs of indefinite duration is sure to be disruptive, and possibly inflationary.

Other Recent Blogs&Reviews:

  • Lessons from the Greek tragedy unlearnt
    Simon Wren-Lewis, 03 September 2018

    Greece's three-year euro area emergency loan programme has come to an end. In this post, Simon Wren-Lewis describes how euro area governments and the Troika turned a painful adjustment into a major calamity.

  • Rising US real interest rates imply falling real commodity prices
    Jeffrey Frankel, 27 August 2018

    The current US combination of loose fiscal policy and normalisation of monetary policy suggests that real interest rates and the value of the dollar may go up. In this post, Jeffrey Frankel describes how the 'overshooting' theory predicts that, as a result, real commodity prices are headed down.

  • Could another referendum reverse the Brexit vote?
    Rachel Lurie, Ashoka Mody, 22 August 2018

    The clamour has recently increased for another referendum in the hope of reversing the Brexit decision. In this post, Rachel Lurie and Ashoka Mody argue that the long-standing frustrations that led many to vote Leave would remain prominent in a new Brexit vote, so those who hope for a Brexit reversal may be disappointed. 

  • Taking time seriously in economics
    Diane Coyle, 21 August 2018

    Time to produce and time to consume are not taken seriously in economic theory. In this post, Diane Coyle reviews Ian Steedmans' book " Consumption Takes Time: Implications for Economic Theory", which works through basic microeconomic theory when a time identity and the fact that consumption takes time are included.

  • Addressing global imbalances requires cooperation
    Maurice Obstfeld, 10 August 2018

    The IMF's 2018 External Sector Report assesses the current account balances for the 30 largest economies. In this post, Maurice Obstfeld outlines the key findings of the report.

Pages

Vox eBooks

IMF Reform: The Unfinished Agenda

De Gregorio, Eichengreen, Ito, Wyplosz, 10 September 2018

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CEPR Policy Research