Do “Unconventional” Monetary Policies Work?
A skeptical look at unconventional monetary policies: quantitative easing, ZIRP, and negative interest rates.
Read more...Category Archives: The dismal science
Back in Work, Still Out of Pocket: Labor Market Recovery Since the Great Recession
The labour market recovery in OECD countries has been steady but slow since the Great Recession. More worrying is the fate of wage growth over the same period. This column assesses the implications of stagnation in the labour market for growth, wages, and inequality. It finds that structural weaknesses in labour market performance have become more visible as markets recover from the Great Recession. The policy response must include macroeconomic policies aimed at strengthening investment, and structural policies to support growth while nudging workers towards higher-skilled jobs.
Read more...Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares
So much for the “whcouddanode” theory of the crisis.
Read more...Bullish Economists Are So Yesterday
The confidence fairy is having trouble getting liftoff.
Read more...Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...Financial Times Picks Up on Irish Growth Blarney Story…. That We Reported Months Ago
Irish growth is even phonier than the media would have you believe.
Read more...How MBA Programs Drive Inequality
How MBA programs reinforced the inequality-promoting neoliberal economic model.
Read more...The UK Vote to Leave European Union
A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.
Read more...The Cambridge Capital Controversy, or Why Microeconomics is All Wet
Why the Cambridge capital controversy is important yet almost never acknowledged: it’s too damaging to too many pet theories.
Read more...Nassim Nicholas Taleb: How to Own a Slave
In what ways has the employer-employee relationship come to resemble slavery?
Read more...Unfounded Debt Fears Block Economic Recovery
Debt scaremongering as voodoo economics.
Read more...How Brexit Threatens to Turn the UK Into “Borisland”
How the Tories and UKIP intend to use Brexit to impose permanent austerity and reduce workers’ rights.
Read more...Brexit: Pulling the Signal Out of the Noise
Getting a better picture on Brexit: the underlying class and economic stresses and how that might play into what happens next.
Read more...MIchael Hudson: The Slow Crash
Michael Hudson discusses some of his favorite themes; debt deflation, the high cost of consumer debt, negative interest rates.
Read more...The Sterling Depreciation of 2007-2008 and Its Implications for Brexit
The unexpected impact of the fall in sterling in 2007-2008 suggests Brexit could produce a drastic drop in UK living standards.
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