Category Archives: Macroeconomic policy

The Voice of Monetary Policy

A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.

The Coronavirus Crisis Within the Economy Is Far From Over – Because Reopening Creates a Whole New Type of Risk

Whither the post-Covid economy, assuming a “post-Covid”? The answer depends at least in part on where you sit.

Applications for New Businesses Have a Double-WTF Moment

Federal data says new businesses are being formed in droves. But PPP fraud complicates this otherwise positive picture.

Inflation in the Aftermath of Wars and Pandemics

Challenging the conventional wisdom that government responses to Covid will generate inflation.

Lessons from the First New Deal for the Next One

Whether it is called “Build Back Better” or a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”

UNCTAD’s Richard Kozul-Wright on the Post-COVID World Economy: Out of the Frying Pan… Into the Fire?

Kozul-Wright warns that for a sustainable Covid-19 recovery, it is key to abandon policies that concentrate economic power and wealth

Why the Government Bonds Owned by the Bank of England Are Not a Debt Burden, Even When They’re Repaid

A short discussion of government bonds and what happens when a central bank holds them.

Preparing for a Wave of Non-Performing Loans: Are Banks at Risk?

On a aggregate basis, EU banks appear to have enough capital to weather even a bad Covid storm. A country-by-country look tells another story.

We May Be Living in a Moment of Misplaced Optimism

The current bout of optimism looks too close to giddy for my comfort. And yours?

Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs

How to do a better job of getting relief to those who need it.

Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth

Why it’s time for a widespread debt writedown.

New York City Lost a Record 631,000 Jobs to the Pandemic in 2020. So What’s Next?

A look at the raw numbers behind the pain of New York City’s biggest economic downturn since the Great Depression.

New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices

New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.

Nomi Prins: To Build or Not to Build? The Infrastructure Question

For all sorts of bad reasons, American has a huge infrastructure spending backlog. But can we even do the job well?