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Conference - Free Banking systems: diversity in financial and economic growth

Conference - Free Banking systems: diversity in financial and economic growth

Lund University (in Skåne, Sweden) is less than one hour drive from my home in Copenhagen so I very much hope I will be able to participate in the upcoming conference on  "Free Banking systems: diversity in financial and economic growth" at Lund University School of Economics and Management on September 4 – 5 2014. Furthermore, the conference will hopefully lure monetary scholars to Copenhagen as well. I will certainly see whether we could arrange some informal get-together in Copenhagen in connection with the conference.

Conventional Thinking at the Brink (by Clark Johnson)

Conventional Thinking at the Brink (by Clark Johnson)

From the day I started my blog I have always been happy to invite other economists to contribute to my blog with guest posts.

The Cuban missile crisis never happened (or at least the stock markets didn't care)

The Cuban missile crisis never happened (or at least the stock markets didn't care)

According to the history books one of the most scary events during the Cold War was the so-called Cuban missile crisis, where according to the history books the world was on the brink of nuclear armageddon.

Currency union and asymmetrical supply shocks - the case of Finland

Currency union and asymmetrical supply shocks - the case of Finland

This morning I am flying to Finland to speak about the outlook the Polish economy at a seminar in Helsinki. That is the inspiration for what I will talk about in this post - or rather I will tell the story of how an asymmetrical negative supply shock - combined with euro membership - has sent the Finnish economy into recession. It is (partly) a story of the demise of Finland's best known company Nokia.

10 fallacies of the Great Recession

10 fallacies of the Great Recession

I am getting a new (work) computer so I have been doing a bit of clean up on my old computer. While doing the clean-up I came across the following list that I apperantly did at some point.

Šimon Biľo on Hayek's Business Cycle Theory
A framework for applied macroeconomic forecasting (part 2)

A framework for applied macroeconomic forecasting (part 2)

In my previous blog post I outlined a four-equation model to be used for real-world macroeconomic forecasting. In today’s post I will look a bit closer at one of these equations - or rather I will discuss how we can think about forecasting the supply side of the economy.

A framework for applied macroeconomic forecasting (part 1)

A framework for applied macroeconomic forecasting (part 1)

Most economists who have worked as macro economists for governments, central bank or commercial banks will sooner or later be engaged in doing macroeconomic forecasting.

Putin’s hopes for monetary miracles

Putin’s hopes for monetary miracles

There is a lot of focus on what Russian President Vladimir Putin is saying these days. However, it is mostly about geopolitics and much less about his views on economics and particularly on central banking. However, I came across some interesting comments from Putin on monetary policy, which quite well illustrates some of the problems with his – or rather his lack of – economic thinking.

Revisiting the discretionary decision to introduce rules

Revisiting the discretionary decision to introduce rules

A couple of days ago Scott Sumner had an interesting post on the theme “It’s policy regime that needs fixing”.

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