Uncategorised Archives - Philosophy of Money

Net zero has little to fear from populism

17th October 2023

Climate policy, Sample Of One, Theory & Other Problems, Uncategorised

The accidental wisdom of Mr Sunak How much does the transition to net zero have to fear from populism? In the UK, populist wannabe, Nigel Farage, has turned his sights on net zero, having recently dismissed Br...

EPICs v taxes

Eric Lonergan & Corinne Sawers

27th March 2022

Climate policy, Finance & Asset Pricing, Uncategorised

1

EPIC debates: a reply to The Economist’s Free Exchange (more…)...

Angrynomics: a reply to Chris Dillow

Eric Lonergan

25th July 2020

Economic History, Theory & Other Problems, Uncategorised

3

Chris Dillow writes perhaps the most interesting economics blog I know. Its scope is considerable, and despite his declaration of bias - he self-identifies as a ‘marxist’ - he is typically empirical. His recent...

Macro policy proposals – immediacy is the metric

Eric Lonergan

2nd April 2020

Austerity, Helicopter Money, Monetary Policy, Uncategorised

1

Policy response (updated) Tax rebates for corporates & households, zero interest rates on mortgage and corporate loan refinancing, no debt capital repayment, targeted lending & QE, dual rates, yield cappin...

Japan debt monetisation (2012)

Eric Lonergan

12th August 2019

Uncategorised

Drobny 2012 Japan...

There is no r*

Eric Lonergan

13th September 2016

Monetary Policy, Theory & Other Problems, Uncategorised

Like many economists, I have been trapped into thinking that there is an equilibrium real rate of interest - a level of the policy rate consistent with stable inflation, a closed output gap, or full employment....

Paul Krugman is right – our models may be better than Larry’s instincts

Eric Lonergan

12th January 2016

Economic History, Finance & Asset Pricing, Money in Europe, Uncategorised

The debate between Larry Summers, Brad DeLong and Paul Krugman over models and confidence is summarised excellently by Martin Sandbu. On one point, Krugman is absolutely right: there was never any reason to be ...

The fair division of a windfall

Eric Lonergan

14th September 2015

Monetary Policy, Theory & Other Problems, Uncategorised

2

An interesting debate is occurring over the ethics of granting the central bank power to make cash transfers to households. This is not an academic debate. I think one of the main stumbling blocks to this polic...

Net zero has little to fear from populism

EPICs v taxes

Angrynomics: a reply to Chris Dillow

Macro policy proposals – immediacy is the metric

Japan debt monetisation (2012)

There is no r*

Paul Krugman is right – our models may be better than Larry’s instincts

The fair division of a windfall

Reviews of Eric’s book

CNBC: market sell-off is ‘noise’

Monetary policy & babysitting: why rates are so low, and ‘what’s next?’