inflation

Afternoon tea: The end of ample liquidity?

Tightening of the ECB will come along with collateral damage: upward pressure on worldwide interest rates. The process has already started: Source: https://ftalphaville.ft.com/2018/06/18/1529320756000/European-recovery-is-bad-news-for-the-world-s-bond-prices-/ Jens Weidmann is likely to become the new president of the ECB. Lucky…




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FTPL is not dead

Noah Smith (@noahpinion) recently wrote a blog on bloomberg about how our most cherished economic theories have been burried by the economic reality of Japan. One of the economic theories that have failed, according to Noah, is…


Helicopter money – It works! It works!

Last year I wrote several articles on helicopter money in which I critisized the work of economists as Buiter (2016) and Boonstra (2016) who claimed that the implementation of helicopter money would guarantee higher inflation…