Blogs&Reviews

Other Recent Blogs&Reviews:

  • Ashoka Mody, 14 June 2018

    Italian financial tremors are again rumbling dangerously. In this post, Ashoka Mody describes how tremors from the Italian fault line are set to spread in cascading earthquakes through euro area and global financial systems.

  • Roger Farmer, 13 June 2018

    In the New Keynesian model, the connection between the unemployment rate and the inflation rate is driven by the Phillips curve. In this post, Roger Farmer proposes replacing the Phillips curve with a belief function, an alternative theory of the connection between unemployment and inflation that better explains the facts.

  • Livio Stracca, 13 June 2018

    Knowledge of central banks is limited among households, who are also often found to have beliefs that are inconsistent with the foundations of the models underpinning modern monetary policy, such as the fact that higher interest rates lead to lower inflation. In this post, Livio Stracca describes the implications of this fact and summarises a new book that tries to popularise modern central banking for a wider audience.

  • Jeffrey Frankel, 12 June 2018

    Not long after having said that the China trade war was “on hold”, the Trump administration flipped the switch back to “on”. In this post, Jeffrey Frankel analyses Trump’s actions and asks whether his approach to trade can be explained.

  • Simon Wren-Lewis, 12 June 2018

    In the wake of the ‘Windrush generation’ row, Simon Wren-Lewis argues that the 2010 UK coalition government’s focus on immigration with the ‘tens of thousands’ target was a deceit because most of the government had no intention of achieving that target. Part of the facade of trying to hit that target was the hostile environment policy.

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