Naked Keynesianism

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.

Kevin Gallagher and Matías VernengoAlberto Fernández and his running mate, former president Cristina Fernández de Kirchner, have won the election in Argentina amid a real danger that the country’s economy will collapse. Outgoing president Mauricio Macri and the transitioning Mr Fernández should work closely with the IMF to put the fragile economy back on a path to stability and sustainable growth.Read rest here.

I'll be in Santa Fé (Argentina, not New Mexico) next week, talking about the challenges ahead, in a particularly important time for the country.For those around that want to register go here.

Franklin Serrano and Vivian Garrido (Guest bloggers)When the Brazilian economy was growing with low unemployment rates and reducing income inequality, it was said that “businessmen have never made so much money” and, at the same time, the business community’s discontent with the government was increasing. On the other hand, in the current situation of semi-stagnation that followed from a deep recession, the entrepreneurs of both real and financial sectors declare their unrestricted support...

Simple Math, Macri + IMF = Poverty The Argentine economy is on the verge of another default less than two decades after the last one, in 2002. The forthcoming elections, in October 27, will most likely bring back the Kirchnerist opposition back to power, and they will have to negotiate with the International Monetary Fund (IMF), that has the power to prevent a crisis.Argentina has a long and turbulent history with the IMF that dates back to the country’s entry in the organization in 1956...

Thirlwall and McCombie The new issue of ROKE is out. Three papers are freely downloadable (linked below). Check it out!Thirlwall's law at 40 by Esteban Pérez Caldentey and Matías VernengoWhy Thirlwall's law is not a tautology: more on the debate over the law by J.S.L. McCombieThoughts on the balance-of-payments-constrained growth after 40 years by A.P. Thirlwall

[embedded content] Full transcript of the short interview here. Paper was linked before. Note that we say that Functional Finance does apply to developing countries, but that the insistence of the advantages of flexible exchange rates, as opposed to managed regimes with capital controls, are not correct.