In a number of blog-posts (Paul Krugman’s Bicycling Problem, On Bubble Business Bound, The Expectations Fairy) I have examined some of the implications of the theory of secular stagnation. But I haven’t up to now argued why I think the hypothesis that Japan and some parts of Europe are suffering from some kind of secular [...]
It has been reported on the BBC news that Mr Schaeuble has said: a) Criticism that the (German) government was not spending enough was justified, and that; b) Any improvement in spending would not be made at the expense of a balanced budget. According to the BBC report the German economy has contracted and exports [...]
It is time for the 2014 Globie—a (somewhat fictitious) prize I award once a year to a book that deserves recognition for its treatment of the consequences of globalization. (Previous winners can be found here.) The financial turmoil of the last week makes this year’s award-winner particularly appropriate: Martin Wolf for The Shifts and the Shocks: What [...]
Europe's Flirtation With Deflation
A major threat to the global economy.
Must ReadThoughts From Across the Atlantic
Ukraine faces interdependent military, political, and economic problems of enormous magnitude. Its territory has been invaded and occupied by a powerful neighbor, and armed separatists and Russian forces control territory in eastern and southern Ukraine. Since April of this year, more than 3500 people have died from the violence according to UN human rights observers. [...]
For the next three weeks Neves will enjoy equal air time, almost tripling his exposure from before the first round. The domestic and international business communities have already thrown their support behind him, and many hope Silva will endorse him.