More in Global Economy


1 month

Robert Shiller on Narrative Economics

Robert J. Shiller (Nobel '13) delivered the Godley-Tobin Lectures, an annual lecture delivered at the Eastern Economic Association meetings, on the subject of “Animal spirits and viral popular narratives” (Review of Keynesian Economics, January 2021, 9:1, pp. 1-10).

1 month

China's Economy Recovery Stalls

One of the key pillars of the consensus bullish view about 2021 is the Chinese recovery, supported by very optimistic estimates of growth in services and exports.

2 months

Stock Market Valuations: Even a Slight Moderation of Fiscal and Monetary Expansion Could Precipitate a Crash

· As global stock markets continue to rise, commentators talk of a bubble · Shorter-term indicators suggest the markets have run ahead of fundamentals · Expectations about the speed of economic recovery from the pandemic remain key · Even a slight moderation of fiscal and monetary expansion could precipitate a crash

2 months

MMT Is Fake Economics

In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating is the MMT science fiction.

2 months

Discussing Illegal Activities in GDP: Drugs, Prostitution, Gambling

The current international standards for how a country should compute its GDP suggest that illegal activities should be included.

2 months

Europe Will Not Benefit From an Inflation Spike

Inflationists are happy with the current economic forecasts. 

2 months

Debunking The Myth Of The Savings Glut

Many economists point out to the “abnormal” rise in savings as a bullish signal that will drive a stronger recovery and a consumption boom.