Lipsky’s modest suggestion
John Lipsky (1st MD at IMF) has some excellent advice for all Governments – and though it is hosting a
tax yourself rich (CPRS version)
Watching insiders – listening to Dr. Emmerson claim that opposing a carbon tax is like favouring tax hikes, as by
Goundhog May?
The last few weeks feel a lot like Q2. Recall that in Q2 Greece blew up, and risk assets tanked.
More on Spanish debt …
Spain has a debt problem – everyone agrees. But it’s hard to get a handle on the dimension of the
Pork, Sushi, Pie?
I was naive about the Irish bailout – I figured the issue was fear of haircuts, and that the structure
Everything’s QE to me…
A few weeks back, James Hamilton of Econbrowser blogged on QE2 and asset prices. After observing the correlation between the
Fed on hold until 2014…
Another round of forecasts, and another month where the Fed screams “on hold until further notice” — and the street
Aussie banks are all-right
There’s a lot of talk about what a rough deal the Australian banks are giving the household sector just now.
Cut the sides, don’t touch the back…
Even informed observers have been caught asking “what the hell is Merkel up to, and why?” over the past few
QE2 — fail…
First of all, I’m a big fan of the Fed and in particular Bernanke. I think he saved the day
the end of the beginning…
protectionism is on the creep. The US has a bill to increase the costs of chinese goods, making the lot of their broke consumers worse; China retaliates by raising the price of chicken (~36m live on less than USD$2 per day).
a fully extended growth case …
Alan Viard’s ponderous and boring case for the full extension of the Bush tax cuts contains some key facts
ricardian ambivalence 