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Prime, Policy Research in Macroeconomics

Is Modern Monetary Theory suited for the EMU?

In 2020, governments all over Europe and beyond enacted unprecedented fiscal stimulus to keep their economies afloat amidst the pandemic. By the end of the year, a country like France will have engaged or guaranteed at least EUR 300 billion, the equivalent of four years of income tax receipts. Institutions of the European Union (EU) also rightly stepped up to the challenge.Of particular importance has been the response of the European Central Bank (ECB) which launched several bond-purchasing...

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Is Modern Monetary Theory suited for the EMU?

In 2020, governments all over Europe and beyond enacted unprecedented fiscal stimulus to keep their economies afloat amidst the pandemic. By the end of the year, a country like France will have engaged or guaranteed at least EUR 300 billion, the equivalent of four years of income tax receipts. Institutions of the European Union (EU) also rightly stepped up to the challenge. Of particular importance has been the response of the European Central Bank (ECB) which launched several...

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Billionaires & the pandemic: in happy alignment

There are two global forces positively thriving – despite today’s crises. They are the lethal coronavirus and the world’s billionaires – engaged in a form of ‘co-production’. Why are they thriving? And why do their interests align so happily?The ‘interests’ of a lethal virus are clear. The microbe’s supreme ambition is to spread as fast as possible, infect millions of humans, accelerate the process of transmission and evolve into a global pandemic.Never mind the consequences.How can this...

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Billionaires & the pandemic: in happy alignment

There are two global forces positively thriving – despite today’s crises. They are the lethal coronavirus and the world’s billionaires – engaged in a form of ‘co-production’. Why are they thriving? And why do their interests align so happily?The ‘interests’ of a lethal virus are clear. The microbe’s supreme ambition is to spread as fast as possible, infect millions of humans, accelerate the process of transmission and evolve into a global pandemic.Never mind the consequences.How can this...

Read More »

Billionaires & the pandemic: in happy alignment

There are two global forces positively thriving – despite today’s crises. They are the lethal coronavirus and the world’s billionaires – engaged in a form of ‘co-production’. Why are they thriving? And why do their interests align so happily? The ‘interests’ of a lethal virus are clear. The microbe’s supreme ambition is to spread as fast as possible, infect millions of humans, accelerate the process of transmission and evolve into a global pandemic. Never mind the consequences. How can this...

Read More »

GDP, Brexit & the trade winds of change

In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the  take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS.  The level of GCDP per head (in real, inflation-adjusted terms) was £29,124.  This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003. Of course, the extent of the decline is heavily down to the government’s  first lockdown restrictions,...

Read More »

GDP, Brexit & the trade winds of change

In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the  take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS.  The level of GCDP per head (in real, inflation-adjusted terms) was £29,124.  This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003. Of course, the extent of the decline is heavily down to the government’s  first lockdown restrictions,...

Read More »

GDP, Brexit & the trade winds of change

In 2020, GDP per head of population fell, year on year, by a massive 10.5%. For me, that’s the  take-away statistic from last Friday’s GDP-related ‘data dump’ by ONS.  The level of GCDP per head (in real, inflation-adjusted terms) was £29,124.  This was almost identical to the level in 2009 (£29,098), at the peak of the global financial crisis, and otherwise the lowest on record since 2003.  Of course, the extent of the decline is heavily down to the government’s  first lockdown...

Read More »

Universal Basic Services – news from the project taskforce

The UBS Task Force, hosted by PRIME and supported by Network for Social Change, aims to stimulate wider interest in Universal Basic Services (UBS) as a framework for policy and practice to ensure that everyone has access to life’s essentials.  The Task Force has ten members (see below) and three strategic goals: to get UBS on the policy agenda, to build alliances and to generate new research.   Maeve Cohen has been appointed as the new Project Officer (part-time):  she is co-founder and...

Read More »

Universal Basic Services – news from the project taskforce

The UBS Task Force, hosted by PRIME and supported by Network for Social Change, aims to stimulate wider interest in Universal Basic Services (UBS) as a framework for policy and practice to ensure that everyone has access to life’s essentials.  The Task Force has ten members (see below) and three strategic goals: to get UBS on the policy agenda, to build alliances and to generate new research.   Maeve Cohen has been appointed as the new Project Officer (part-time):  she is co-founder and...

Read More »