Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


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 ...


September 19, 2014, 6:18 am, 1337776

Is something in the air? Do I detect a change in consensus on the way things are going in Japan? Certainly a slew of articles have been published in the financial press over the last month questioning where the Abenomics experiment is headed for. The general conclusion seems to be ...


September 11, 2014, 6:18 am, 1333070

When Barack Obama told a CNBC interviewer last autumn that Wall Street ought to be “genuinely worried about what is going on in Washington” in reference to the US government shutdown he raised more than a few eyebrows. Normally political leaders try to calm and reassure markets, so this ...


September 11, 2014, 6:18 am, 1333069

Occasionally, representatives of Germany’s Left party (Die Linke) will complain about being tagged as the successors to East Germany’s communist party. Well.

As part of the German parliament’s debate about the budget and foreign police, Gregor Gysi, parliamentary leader of Die Linke, spoke out forcefully ...


September 5, 2014, 12:18 pm, 1329978

“So what’s going on here? Well, it might sound like a hokey religion, but central banking is really a Jedi mind trick. Just saying something can be enough to make it happen. That’s because the power of the printing press gives their words a distinct power. Well, that and the ...


August 19, 2014, 4:18 am, 1320836

The euro zone crisis is not back — at least not yet.

Recent movements in global markets following concerns about Portugal’s Banco Espirito Santo really had as much to do with market nerves after a long spell of repressed volatility as it did with the state of the bank’s ...


August 17, 2014, 4:18 pm, 1320026

There has been lot’s of debate in the press and in academic circles over the last week or so about whether Italy’s latest contraction constitutes a triple dip recession or simply a continuation of what’s been going on over many many years. This is an interesting theoretical nicety, but ...


August 14, 2014, 4:18 pm, 1318690

If this week’s economics news is positive then that is good. But if it’s bad then that’s even better, since there is more potential for it to improve next week, and if it doesn’t, well that’s doubly better since there will be even more reason for central banks to step ...


August 5, 2014, 4:18 pm, 1311849

Just in case anyone was in any doubt last weeks newspaper headlines blared it out for us loud and clear – Japanese inflation is back, and has even hit levels last seen in 1982. (Click on image below for better viewing).


August 5, 2014, 4:18 pm, 1311848

Bank for International Settlements 84th Annual Report, page 11 –

Second, as growing evidence suggests, balance sheet recessions are less responsive to traditional demand management measures (Chapter V). One reason is that banks need to repair their balance sheets. As long as asset quality is poor and capital meagre, banks will tend to ...