Prime, Policy Research in Macroeconomics

This article first appeared in the Indian journal Economic and Political Weekly on 18 July 2022. A Murder in Konya Konya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and killed a cardiologist and his secretary today.” Whether the assassin committed suicide or the private security killed him is unknown, although there are both rumours. City hospitals,...

This article first appeared in the Indian journal Economic and Political Weekly on 18 July 2022.A Murder in KonyaKonya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and killed a cardiologist and his secretary today.” Whether the assassin committed suicide or the private security killed him is unknown, although there are both rumours.City hospitals, the...

This article first appeared in the Indian journal Economic and Political Weekly on 18 July 2022.A Murder in KonyaKonya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and killed a cardiologist and his secretary today.” Whether the assassin committed suicide or the private security killed him is unknown, although there are both rumours.City hospitals, the...

Our new research report, published today, looks at the state of the UK’s labour market, based on the most recent data from the Office for National Statistics. It compares these recent data with those from 2019, and sometimes with earlier data. You can download the report here. The report looks at a wide range of issues, including size of the workforce, the economically active and inactive, employees and self-employed, full and part-time workers. It also examines data on developments in...

Policy Research in Macroeconomics (PRIME’s official name) is a company limited by guarantee, incorporated in England and Wales. It is company no. 07438334 and its registered office is at 11a Hatch Road, Pilgrims Hatch, Brentwood, Essex, CM15 9PU.We collect cookies on this website through web analytics. For more information, please read our Privacy Policy.

Policy Research in Macroeconomics (PRIME’s official name) is a company limited by guarantee, incorporated in England and Wales. It is company no. 07438334 and its registered office is at 11a Hatch Road, Pilgrims Hatch, Brentwood, Essex, CM15 9PU.We collect cookies on this website through web analytics. For more information, please read our Privacy Policy.

 Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation. “Windscreen repair and replacement company Belron, which operates internationally under brands including Autoglass...

 Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation.“Windscreen repair and replacement company Belron, which operates internationally under brands including Autoglass...

 Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation.“Windscreen repair and replacement company Belron, which operates internationally under brands including Autoglass...

Over 30 years ago, Kunibert Raffer (University of Vienna) was first to propose a fair and transparent arbitration process between debtors and creditors for resolving sovereign insolvency, by analogy with Chapter 9 US Bankruptcy Code that provides for an orderly resolution in cases of municipal bankruptcy. (See his paper “What’s good for the United States must be good for the World – Advocating an International Chapter 9 Insolvency”). He is a long-standing critic of the IMF in its lending...