Central bank ‘equity’ debunked Eric Lonergan 23rd August 2018 Definitions of Money, Helicopter Money, Monetary Policy 12 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...
An intellectual virus, a bubble, or both? Eric Lonergan 27th April 2018 Finance & Asset Pricing, Theory & Other Problems The recent phase of market volatility precipitated by the February 2018 ‘flash crash’ has morphed into fears of a growth...
If you don’t like trade deficits – tax the rich? Eric Lonergan 12th April 2018 Austerity, Economic History, Money in Europe, Theory & Other Problems 1 Has the word ‘deficit’ done more damage than any other in economics? Deficits are bad, surpluses are good. In economics,...
Values in economics Eric Lonergan 21st January 2018 Theory & Other Problems 1 A philosophical aside I feel obliged to declare my biases up front. I've spent almost as much time studying moral philo...
