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The mother of all sudden stops - lessons from the 1930s

The mother of all sudden stops - lessons from the 1930s

I really never understood why most economists study so little economic history as they tend to do, but it is a fact that most professional economists are quite uneducated when it comes to economic history.

Laos is facing an old-fashioned balance-of-payment crisis

Laos is facing an old-fashioned balance-of-payment crisis

I am writing this while I am vacationing with the family in Thailand. However, in a couple of weeks we will be heading to Laos where my wife has worked for a number of years.

David Laidler should be awarded the Nobel Prize in Economics

David Laidler should be awarded the Nobel Prize in Economics

My biggest wish for the Autumn is that David Laidler will win the Nobel Prize in Economics next week for ...

Money and DSGE models - a few good papers

Money and DSGE models - a few good papers

In this very good recent interview with the always extremely insightful David Laidler on Russ Robert's Econtalk David rightly highlights the problem that money disappeared from macroeconomics during the 1990s with the development of DSGE models.

Ignore the shutdown

Ignore the shutdown

Market Monetarists have a tendency not to get all worked up about fiscal issues. I guess the same goes for the discussion about a possible US government shutdown.

Cato Institute says Denmark is more economically free than the US

Cato Institute says Denmark is more economically free than the US

The Cato Institute and Fraser Institute have published their annual report on Economic Freedom of the World. As always it is interesting stuff. One can of course always debate the methods used to rank different countries in Economic Freedom ranking, but I nonetheless think it gives a pretty fair description of the overall tendencies.

Abe should repeat Roosevelt's successes, but not his mistakes

Abe should repeat Roosevelt's successes, but not his mistakes

There is more good news from Japan today as new data shows that core inflation rose to 0.8% y/y in August and I think it is now pretty clear that the Bank of Japan is succeeding in defeating 15 years' of deflation. Good job Mr. Kuroda!

Macroprudential follies and procyclical central bankers

Macroprudential follies and procyclical central bankers

A couple of days ago I came across an article from Bloomberg, which I think is very telling about everything which is wrong about the recent hype about macroprudential policies.

Ukraine should adopt an 'Export Price Norm'

Ukraine should adopt an 'Export Price Norm'

It has not be a great year for Emerging Markets and the next Emerging Markets country to worry about could very well be Ukraine.

Visiting Scott in Boston

Visiting Scott in Boston

I have spent the last couple of days in the US – in New York and in Boston. Even though I have been working I have also had time to meet up with friends.

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