The Heavy Price of Economic Policy Failures
Why economic failures argue for the need for more democratic control over policy, or at least the ability to cut the power of institutions that get it wrong.
Read more...Category Archives: Macroeconomic policy
Eurozone Delays and Half Measures
Are the eurozone’s continuing woes the result of its incomplete construction or because of policy errors in responding to the crisis?
Read more...Mathew D. Rose: Now It Is Poland’s Turn
Germany is very upset that Poland has voted in a populist, Euroskeptic, anti-austerity government. And Germany is particularly unhappy that the new regime is increasing its control over public media….which Germany already has in place.
Read more...Labor Market Policy: Parts of the Picture are Missing
The standard empirical evaluations of labour market policy only consider the direct effects of single programmes on their participants. This column argues that this fails to capture important aspects of real-world labour market policy – policy regimes and strategies. Using Swiss data, it employs a novel empirical approach that concurrently examines the effects of supportive and punitive policies (‘carrots’ and ‘sticks’). Policy regimes are shown to exert economically relevant effects, and accounting for these effects is crucial when designing labour market policy.
Read more...Work, Play, and Social Artifacts Under the Tree
Model railroading as work and play.
Read more...Medieval Champagne Fairs: Lessons for Development
History does hold lessons for economic development, and one of them is that public-order institutions are crucial – for good or ill.
Read more...The Sneaky Way Austerity Got Sold to the Public Like Snake Oil
How a budget approach cloaked in the aura of science and technical jargon became a tool for promoting austerity.
Read more...Randy Wray: Debt-Free Money and Banana Republics, Part II
More discussion of the problems with the “debt-free money” construct, to the extent that it can even be called a construct.
Read more...Volatility and Reforms: The Overlooked Virtues of Economic Uncertainty
The Great Recession highlighted the prominent role that economic uncertainty plays in hindering investment and growth. This column provides new evidence that economic uncertainty can actually play a positive role by promoting the implementation of structural reforms with long-run benefits. The effect appears to be strongest for countries with poorly informed voters. These findings suggest that times of uncertainty may present an opportunity to implement reforms that would otherwise not be passed.
Read more...Why We Brits Should Vote for Brexit
Why England would be better served by leaving the European Union.
Read more...Ilargi: Marine Le Pen Will Reap What The EU Has Sown
Thanks to EU and Eurozone misrule, Le Pen is right when she says: “Nothing can stop us”.
Read more...“Failed: What the ‘Experts’ Got Wrong about the Global Economy”
An excerpt from CEPR co-director Mark Weisbrot’s important new book, Failed.
Read more...From G20 to Labour20
Labour20 set forth important goals not just for labor but for the economy and broader society. But does organized labor have the credibility to promote these aims?
Read more...The Disaster of Greek Austerity – What Next?
More on the ground readings on the impact of austerity in Greece.
Read more...Marshall Auerback and Branko Milanovic Discuss Income Inequality: The Global Haves And Have-Nots In The 21st Century
A conversation between Marshall Auerback and Branko Milanovic on income inequality and the potential countervailing forces to its rise.
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