Blogs&Reviews

  • Finance, the state, and innovation

    Diane Coyle, 25 June 2018

    In a revised edition of "Doing Capitalism in the Innovation Economy", William Janeway argues that our economic system – where complicated interactions between government, providers of finance, and capitalists drive technological innovation and economic growth – is inherently fragile. In this post, Diane Coyle welcomes the update as timely. Since the book’s original publication in 2012, the world has seen sluggish growth, flatlining productivity, and extraordinary changes in the economy and society brought about by technology.

  • What does it mean to have rational expectations?

    Roger Farmer, 21 June 2018

    In this follow up to his post on ergodicity, Roger Farmer discusses chaos theory, 'spin glasses', and what it means to have rational expectations.

  • How the broadcast media created mediamacro

    Simon Wren-Lewis, 20 June 2018

    The Brexit debate was not the first time that the broadcast media in the UK reinforced rather than countered the claims of the right-wing press – the same happened with austerity. In this post, Simon Wren-Lewis asks why the BBC and other broadcasters largely ignored standard textbook macroeconomics, and instead promoted ‘mediamacro’.

  • Trump, China, and tariffs: From soybeans to semiconductors

    Chad Bown, Euijin Jung, Zhiyao (Lucy) Lu, 19 June 2018

    On 15 June, the Trump administration produced the list of specific Chinese products on which it soon plans to impose tariffs. In this post, Chad Bown, Euijin Jung and Zhiyao Lu examine this list and China's proposed retaliation, and argue that even companies that are not suffering yet from China’s mistreatment will soon be hurting because of tariff-induced higher costs.

Other Recent Blogs&Reviews:

  • Liquidity regulation is back
    Stephen Cecchetti, Kim Schoenholtz, 10 May 2018

    The liquidity coverage ratio may have been introduced in recent years, but it harks back to a much older system of reserve requirements. We undertook a historical review of liquidity regulations and argue strongly against using the LCR as a monetary policy tool in advanced economies with well-developed financial markets. 

  • What's new in the financial inclusion literature?
    Thorsten Beck, 02 May 2018

    An IMF conference on financial inclusion showed that one research methodology doesn't fit all. This post summarises some new developments that were showcased at a recent IMF conference on financial inclusion.

  • Beyond simple-minded economics (and policies)
    Diane Coyle, 01 May 2018

    My latest book reviews.

  • The culture of finance
    Diane Coyle, 28 April 2018

    Under the tenure of Steve Cohen, SAC Captial perpetrated a major insider-trading scam that rocked the hedge fund world. Diane Coyle recommends Sheelah Kolthatkar’s latest book, which chronicles the abuses.  With that as a stepping stone, she illuminates a culture of corruption in the world of finance, enabled by deregulation.

  • Economic development in 150 pages
    Diane Coyle, 22 April 2018

    Has Ian Goldin penned “Everything You Ever Wanted to Know About Economic Development but were Afraid to Ask?”  Or perhaps, “The Joys of Economic Development?” Here’s a concise review of a concise book.

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