Other Recent Blogs&Reviews:

  • 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.

  • 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.

  • 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. 

  • 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.

  • 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.


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