ALL BLOG POSTS
I am writing this on an American designed computer - probably assembled somewhere in China.
The Greek Finance Minister Yanis Varoufakis has a new article for Project Syndicate. He is making a point that Market Monetarists have been making since the outbreak of the euro crisis - it is not really a 'debt crisis', but rather a monetary crisis.
Yes I readily admit it - I am begining to like to talk to my phone but obviously this might just be plain silly - talking about the Polish economy while on an escalator in Copenhagen airport.
It is Sunday morning and I really shouldn't be blogging, but I just have time to share a couple of working papers with you.
The global stock markets have been facing some headwinds recently, and there may be numerous reasons for this. One obvious one is the recent rebound in oil prices, which I believe is essentially driven by markets’ expectation that the Saudi-led global oil price war is now ending.
Oops I just did it again - I have been talking to my phone. This time about Chinese monetary policy - yesterday's rate cut and what the implications of slower Chinese potential growth will be for Chinese monetary policy.
This morning the People's Bank of China (PBoC) cut its key policy rate by 25bp to 5.1% - undoubtedly reacting to worries about slowing growth. The question is whether such a cut is warranted or not?
It has been very hectic for me recently with a lot of personal and professional changes. So while we are at it here is another change - I will in the future from time to time try to post commentary in a bit of a different format - I will be talking to my phone. Have a look at my first attempt of phone-blogging here (I recorded it Friday night.)
When I was in university more than 20 years ago I had one other major interest other than monetary economics and that was public choice theory and I was particularly interested in how to understand macro economic issues through the use of public choice theory.