Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


November 16, 2014, 12:18 pm, 1372401

The recent move by the Bank of Japan to take further measures to accelerate the rate at which it ramps up its balance sheet took almost everyone – market watchers included – completely by surprise. The consequence was reasonably predictable – the yen has once more fallen strongly against ...


November 9, 2014, 2:18 pm, 1367754

In October 1989, I was in Berlin for the first time. Small town boy, big city lights. We flew with Pan-Am back then. The airline also doesn’t exist anymore.

I caught about the last possible glimpse at the wall in its concrete dividing brutality, looking eastward from the visitor platform at ...


November 7, 2014, 12:18 pm, 1366640

So the German parliament invited legendary songwriter, dissident, and wonderful professional malcontent Wolf Biermann to the session celebrating 25 years since the revolution. That went as badly as you might expect, or perhaps as well.

Where do we start here? Obviously there’s the bit where he ...


October 24, 2014, 2:18 pm, 1357280

This slide is from Mario Draghi’s presentation to the European Union council today. As the caption states, he says it shows that investment is suffering from a lack of confidence. But it perhaps more clearly shows ...


October 20, 2014, 2:18 pm, 1354193

In a number of blog-posts (Paul Krugman’s Bicycling Problem, On Bubble Business Bound, The Expectations Fairy) I have examined some of the implications of the theory of secular stagnation. But I haven’t up to now argued why I think the hypothesis that Japan and some parts of ...


October 18, 2014, 8:18 am, 1353370

Those who have interest in neither Catalonia nor the issue of journalistic standards will probably find this posting long, tedious, and not especially interesting. Perhaps you might like to stop at this point. Those of you who are interested in one or other of these, well, I invite you to ...


October 14, 2014, 6:18 am, 1350630

“What strikes me, also, is the extent of intellectual confusion that remains.” – Paul Krugman, Europanic 2.0

“The problem is that Germany has continued to maintain highly competitive labor costs and run huge surpluses since the bubble burst — and that in a depressed world economy, this makes Germany a ...


October 8, 2014, 2:18 pm, 1348003

“People should seriously consider that Japan’s economy may have fallen into recession despite the weaker yen and a stock rally from the BOJ’s easing and the flexible fiscal policy by Abe’s administration,” said Maiko Noguchi, senior economist at Daiwa Securities. “Initial expectations that the economy could withstand the negative effects ...


October 3, 2014, 12:18 pm, 1345633

From the Preface to Just Send Me Word: A True Story of Love and Survival in the Gulag, by Orlando Figes:

Three old trunks had just been delivered. They were sitting in a doorway, blocking people’s way into the busy room where members of the public and historical researchers were received ...


September 20, 2014, 8:18 am, 1338391

By now it should be clear that the monetary experiment currently being carried out in Japan (known as “Abenomics”) is fundamentally different from the kind of quantitative easing which was implemented in the United States and the United Kingdom during the global financial crisis. In the US and the ...