Author Eric Lonergan

A lot of intriguing debates have occurred in the last month or so that merit individual blogs, but markets have been preoccupying me, so I have been unable to write at length. In some ways, these four subjects ...

Premises: Inflation falls if there is significant spare capacity. If the central bank can consistently hit its inflation target there is no spare capacity. If there is no spare capacity, there is no p...

Fergus Cumming at the Bank of England has written this blog on the subject of helicopter drops. It is encouraging that the Bank is discussing the matter, but unfortunately the references are too narrow and t...