Blogs&Reviews

  • Could the US become a democratic dictatorship?

    Simon Wren-Lewis, 16 July 2018

    Hungary's Prime Minister Viktor Orbán has pledged to create an illiberal state like Russia or China. In this post, Simon Wren-Lewis asks whether Donald Trump could emulate Orbán and turn the US into a 'democratic dictatorship'.

  • The NIESR Rebuilding Macroeconomics project is stirring a great deal of welcome controversy. In this post, Roger Farmer, part of the project’s management team, explains how by funding projects from people or groups that mainstream funding agencies are unlikely to fund, it aims to inject new genes into the pool, shake things up a little by bringing in fresh approaches, and hopefully seed the development of ideas that might otherwise take much longer to emerge

  • Brexit endgame: Stage 1

    Simon Wren-Lewis, 10 July 2018

    A characteristic of many endgames in chess where the result is clear is that pieces leave the board quickly to make the eventual win obvious. In this post, Simon Wren-Lewis argues that what we have seen with the recent resignations of some members of the UK Cabinet is but the first stage in that process.

  • Global Britain and national Britain

    Diane Coyle, 10 July 2018

    In his new book, The Rise and Fall of the British Nation: A Twentieth Century History, David Edgerton argues that the key phenomenon of the post-WWII decades was not welfarism or corporatism but the creation of a distinctive British nation – until Mrs Thatcher started to turn the country back into an internationalist capitalist one. In this post, Diane Coyle finds that while the book makes for a refereshing read, not every bit of its myth-busting is wholly persuasive.   

Other Recent Blogs&Reviews:

  • 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.

  • Jonathan Dingel, 31 May 2018

    Inferring tradability is hard. In this post, Jonathan Dingel reviews papers that explore predictions of tradable and non-tradable industries and activities.

  • Simon Wren-Lewis, 30 May 2018

    Macroeconomics gave up on trying to explain recent macroeconomic history, or, why the economy did what it did over the last 30 or 40 years. In this post, Simon Wren-Lewis argues that it is time that macroeconomics revisited the decisions it made around 1980, and realise that the deficiencies with traditional time series analysis were not as great as they were made out to be.

  • Jon Danielsson, 30 May 2018

    Volatility is only a good measure of risk when shocks are distributed normally. This post argues that extreme value theory offers a better, if imperfect alternative. Even better would be to use more fundamental analysis.  

  • Thorsten Beck, 29 May 2018

    The main tension between London and Brussels seems to stem from a fundamentally different approach: for the UK government, Brexit is a political process; for the European Commission, a legal-administrative process. Thorsten Beck reviews the current situation and concludes that the political class in the UK has failed its population.

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