It’s time for the ECB to use its monetary power Eric Lonergan 28th March 2019 Helicopter Money, Monetary Policy, Money in Europe Eurozone growth has stalled and inflation is below the ECB’s definition of price stability. As the recent actions of ECB...
A reply to Stephanie Kelton Eric Lonergan 19th March 2019 Definitions of Money, Monetary Policy, Theory & Other Problems 14 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...
