Functional finance and fiscal rules – a synthesis (Part II) Eric Lonergan 5th November 2018 Definitions of Money, Helicopter Money, Monetary Policy, Theory & Other Problems 16 Introduction A curious argument has broken out over the Labour’s proposed fiscal rule. Some advocates of functional fin...
MMT and fiscal rules (part I) – a prologue Eric Lonergan 28th October 2018 Definitions of Money, Monetary Policy, Theory & Other Problems 11 When I explained the essential tenets of Modern Monetary Theory (MMT) to Ben Bernanke, over dinner in Washington, he rep...
Why is universalism losing? Eric Lonergan 12th October 2018 Theory & Other Problems 5 There is a tension in all enlightened ‘identity politics’. How do we combat discrimination without accepting the premise...
Central bank ‘equity’ debunked Eric Lonergan 23rd August 2018 Definitions of Money, Helicopter Money, Monetary Policy 17 The equity of a corporation is the difference between its assets and liabilities. Under typical accounting practice for ...
Defining Emerging Markets Eric Lonergan 9th August 2018 Austerity, Finance & Asset Pricing, Monetary Policy 9 Emerging markets are not poor countries, nor are they countries which are making economic progress. They are defined by ...
How Europe works Eric Lonergan 10th June 2018 Austerity, Money in Europe 1 This time it's Italy I used to believe that the Eurozone was undemocratic. Now I'm not so sure. The simple view is that...
