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Simon Wren Lewis on Bad Economics

Business & Finance / Economics : Grasping Reality with Both Hands

Simon Wren Lewis: >mainly macro: Crisis, what crisis? Arrogance and self-satisfaction among macroeconomists: Let me be absolutely clear that I am not saying that macroeconomics has nothing to learn from the financial crisis. What I ...

Lowballing Estimates of Potential Output

Business & Finance : EconoSpeak

Simon Wren Lewis notes one of the Cameron excuses for fiscal austerity: As I noted in my previous post, the very big government budget deficit in 2010 was largely the result of the recession. That fact is difficult to square with th...

A General Theory of Austerity

Business & Finance / Economics : Economist's View

Simon Wren-Lewis: A General Theory of Austerity:...I have just completed a working paper... It has the title of this post: in part an allusion to Keynes who had been here before, but also because its scope is ambitious. The...

A General Theory Of Austerity?

Business & Finance / Economics : Economist's View

Paul Krugman: A General Theory Of Austerity?: Simon Wren-Lewis has an excellent new paper trying to explain the widespread resort to austerity in the face of a liquidity trap, which is exactly the moment when such policies do the mo...

Simon Wren Lewis: Missing the Point at the IMF: Noted for August 24, 2013

Business & Finance / Economics : Grasping Reality with Both Hands

Simon Wren Lewis: Missing the point at the IMF: >[Ran Bi, Haonan Qu, and James Roaf of] the IMF have just published a working paper entitled: ‘Assessing the Impact and Phasing of Multi-year Fiscal Adjustment: A General Framework’. O...

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