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Latest Posts
  • Highs & lows of economics: Kilkenny, crypto, and inflation
  • Euro crisis II
  • EPICs v taxes
  • The wrong chapter of the textbook

Reframing climate policy: a reply to Simon Wren-Lewis

Eric Lonergan & Corinne Sawers
5th March 2023
Uncategorised
It is just over a year since we published Supercharge Me: Net Zero Faster, in the same week that Russia invaded the Ukraine. Six months later, the United States passed the Inflation Recovery Act. Both of these ...

Highs & lows of economics: Kilkenny, crypto, and inflation

Eric Lonergan
13th November 2022
Austerity, Climate policy, Economic History, Monetary Policy, Theory & Other Problems
Economics keeps letting me down. The decade or so following the financial crisis spawned thousands of papers researching the financial system. I had a sinking feeling that none of it would help. Policy-making ...

Euro crisis II

Eric Lonergan
12th June 2022
Finance & Asset Pricing, Monetary Policy, Money in Europe
Euro crisis II has started. The good news is that we have been here before, so we have learnt some lessons, the bad news is the that the underlying challenge is far greater: Italy - the likely epicentre of th...

EPICs v taxes

Eric Lonergan & Corinne Sawers
27th March 2022
Climate policy, Finance & Asset Pricing, Uncategorised
1
EPIC debates: a reply to The Economist’s Free Exchange (more…)...

The wrong chapter of the textbook

Eric Lonergan & Corinne Sawers
9th January 2022
Climate policy, Economic History
5
Climate policy: where economics went wrong Regular readers of this blog will be aware of a twelve month hiatus since I last posted anything. There is a good reason. Corinne Sawers, a sustainability expert, and ...

Pandemania

Eric Lonergan
31st January 2021
Economic History, Finance & Asset Pricing
3
When will the GameStop? It is worth reflecting on the first major panic on the New York Stock Exchange in 1901. On that occasion two magnates, James Hill and Edward Harriman, one supported by Standard Oil, the ...

QE is debt reduction

Eric Lonergan
17th January 2021
Helicopter Money, Monetary Policy, Theory & Other Problems
14
QE is not a liability transformation - it is debt reduction The remuneration of bank reserves has been a source of significant analytical confusion among economists. This arcane technicality matters far more t...

Marx has the last laugh

Eric Lonergan
26th July 2020
Economic History, Finance & Asset Pricing, Theory & Other Problems
2
I cannot think of a better interlocutor than Chris Dilow. He raises another set of interesting questions in his reply to my reply. I am in danger of completely forgetting our original divergence of thought, but...

Angrynomics: a reply to Chris Dillow

Eric Lonergan
25th July 2020
Economic History, Theory & Other Problems, Uncategorised
3
Chris Dillow writes perhaps the most interesting economics blog I know. Its scope is considerable, and despite his declaration of bias - he self-identifies as a ‘marxist’ - he is typically empirical. His recent...

Policy needs to pivot post-lockdown

Eric Lonergan
20th May 2020
Austerity, Helicopter Money, Monetary Policy, Money in Europe
1
Post-lockdown the economy will need a different kind of stimulus The role of monetary and fiscal policy during lockdown was to sustain household and corporate cashflows in the face of an intentional freezing o...
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Reviews of Eric’s book

  • Reviews of Eric’s book

    Eric Lonergan
    9th August 2014

In the press

  • CNBC: market sell-off is ‘noise’

    Eric Lonergan
    17th February 2018
  • Monetary policy & babysitting: why rates are so low, and ‘what’s next?’

    Eric Lonergan
    7th August 2016
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