Tag Archives: saving

Insightful post on international finance. Short.The Case for Concerted ActionChristine Lagarde On Germany’s Balance Of Payments V. Ramanan

Brad rates this as a should-read. For anyone interested in Keynesianism, Post Keynesianism and MMT, the history of economics, or economic theory, it is a must-read. Conventional economists have apparently concluded that they don't need to read it if they even thought about, which most probably haven't, being under the spell of the "normal paradigm" in spite of its poor results empirically.Washington Center for Equitable GrowthJohn Maynard Keynes: Essays In Biography Brad DeLong Here...

A contrarian view. Idiosyncratic WhiskLeverage is not a sign of risk seeking, a continuing seriesKevin Erdmann

Guest post by Jeff Mosenkis of Innovations for Poverty Action. In a clever online nudging experiment, 627,000 online taxpayers in Guatemala were given one of five different kinds of honesty messages, reminders about public goods, or legal warnings in a captcha. But none of the messages had any effect on taxes paid. Some unexpected side effects of antimalarial insecticide-treated bednets (ITNs): We show that ITNs reduced all-cause child mortality, but surprisingly increased total fertility...

The present period of very low interest rates is widely assumed to be temporary, a consequence of the 2008 financial crisis and subsequent central bank action. Because of this, as the financial crisis fades into the mists of time, there is growing political pressure for "normalisation" of interest rates. Here, for example, is William Hague warning that central banks must start to raise rates or face losing their independence: The only way out is for the US Fed to summon the courage to lead...

Germany's Finance Minister Wolfgang Schaueble has long been critical of ECB monetary policy,. But now, as Reuters says, the gloves are off. In a speech at a prizegiving for an ordoliberal economics foundation last Friday, Dr. Schaeuble demanded that the ECB raise interest rates.The justification? Very low interest rates hurt Germany's savers, which are the bedrock of its economy.There is a political dimension to this. Dr. Schaueble's party, the CDU, is losing popularity and desperate for...