A reply to Stephanie Kelton Eric Lonergan 19th March 2019 Definitions of Money, Monetary Policy, Theory & Other Problems 5 The crux of the MMT debate This recent article by Stephanie Kelton is crystal clear and reveals the crux of the ‘MMT de...
Redesigning monetary policy Eric Lonergan 6th March 2019 Helicopter Money, Monetary Policy, Money in Europe 1 We need a modern monetary policy (MMP). Policy needs redesigning for three fundamental reasons: Firstly, the mental m...
Stock prices & r* Eric Lonergan 28th February 2019 Finance & Asset Pricing, Monetary Policy, Theory & Other Problems 2 Economists pay insufficient attention to asset prices. Ask most economists what the relevance of the bond equity correla...
The ethics of a Brexit referendum Eric Lonergan 25th January 2019 Articles, Economic History, Sample Of One 5 The debate over Brexit has been dominated by propaganda. To date, I have had sympathy with the one ethical argument, whi...
Draghi’s law of conditional safety Eric Lonergan 24th January 2019 Finance & Asset Pricing, Money in Europe 1 Understanding the Eurozone The fundamental macroeconomic policy challenge faced by the Eurozone is how to have a risk f...
More on post-interest rate monetary policy Eric Lonergan 15th December 2018 Definitions of Money, Finance & Asset Pricing, Helicopter Money, Monetary Policy Accounting objections to cash transfers don’t add up, and if CBs bought equity they could reduce inequality There is ...
