Naked Keynesianism

[embedded content] My interview (in Spanish) on central banks, development and some moderate optimism about the forthcoming Argentinian government of Alberto Fernández.

Paul Adolph Volcker (1927-2019) Paul Volcker has passed away, and many obits (NYTimes here) and blog posts will be published in the next couple of days. Most likely, the majority will suggest how Carter appointed him to bring down inflation, a courageous decision, that might have costed him the election, and how Volcker went on to stabilize the so-called Great Inflation. Volcker was the head of the New York Fed from 1975 to 1979, before he was appointed chairman of the Fed in that...

Alberto Fernández, who will assume as the next president in less than two weeks, has said he will not accept the next tranche of US$ 11billion that were part of the US$ 57 billion deal signed by the outgoing Macri administration. Many progressives see this as a good sign, in particular given the history of the IMF with Argentina. I've emphasized, against a lot of heterodox discussion on the subject, that the IMF remains essentially unchanged when it comes to policy prescriptions. So I...

Should have posted this a while ago. I had a conversation with the World Bank economist above on how much of the problems of Venezuela are the result of the embargo. Here a paper by Francisco Rodríguez. Worth reading.

[embedded content] Old clip from C-SPAN. It's still worth watching. Strong critique of the failures of the IMF and neoliberal policies in leading to the crisis. We know now that the subsequent bubble pushed the major crisis for another 10 years.

The next issue of the Review of Keynesian Economics with Bob Rowthorn's Godley-Tobin Lecture and papers by Barry Eichengreen, Steve Fazzari, Peter Bofinger and Bob Dimand, among others is coming soon.

Radio show in Spanish at the website of Universidad Nacional de Colombia. In Spanish of course. A short summary of one of my talks at the conference last week. Thanks to Diego Guerrero and Óscar Morillo.

A new post by David Fields, long time contributor to this blog. From his post: At its most fundamental level, housing is more than a market segment or policy, it is a social relation that serves as the kernel of human survival, which can have profound consequences for the actors involved, the actions they take, and the outcomes that follow. As such, housing provides a set of meanings and values, a material form of emotional, cultural, political and economic significance. It is an...

For those in Bogota next Tuesday. I'll link to the live stream, which I think will be available.

This week, Thursday at 10am, at the Facultad de Estudios Superiores (FES) Acatlán, Mexico for those around. Organized by Teresa Santos López and with my good friend Ignacio Perrotini.