Mainly Macro Blog

Could Governments Finance Deficits By Creating Money?

By Simon Wren-Lewis, April 16, 2024

Simon Wren-Lewis is Emeritus Professor of Economics and Fellow of Merton College, University of Oxford.

Jochen Runde On Uncertainty, Probability, And Heuristics

Jochen Runde is Professor of Economics and Organization at the University of Cambridge.

By Aiden Singh, February 17, 2024

Musings On Markets Blog

Catastrophic Risk: Investing and Business Implications

By Aswath Damodaran, February 16, 2024

Aswath Damodaran is Professor of Finance at New York University Stern School of Business.

Saule Omarova On The Weaknesses Of The Current Banking System & Her Proposal For A ‘People’s Ledger’

Saule Omarova is Beth and Marc Goldberg Professor of Law at Cornell University School of Law.

By Aiden Singh, November 2, 2023

Roger Backhouse On Robbins, Keynes, Samuelson, & The Relationship Between Economics And The Other Social Sciences

Roger Backhouse is Emeritus Professor of Economics at the University of Birmingham.

By Aiden Singh, September 8, 2023

The Finance Blog

Were Stock Prices Too High Before Covid-19?

By Johan Hombert, June 5, 2023

Johan Hombert is Professor of Finance at HEC Paris.

Kevin Featherstone On The State Of The West & The Upcoming Greek Election

Professor Kevin Featherstone is Director of the London School of Economics (LSE) European Institute’s Hellenic Observatory. From 2009-2010, he was a Member of The Advisory Committee to Greek Prime Minister Georgios Papandreou for the Modernization of the Operation of the Government.

By Aiden Singh, May 16, 2023

Carol Alexander’s Blog

How Will The Shanghai Fork Affect The De-Fi Crypto Ecosystem?

By Carol Alexander, April 18, 2023

Carol Olivia Alexander is Professor of Finance at the University of Sussex.

The Meme Asset Frenzy

By Aiden Singh, April 10, 2023

Aiden Singh is the Founder & Publisher of the Social Science Encylopedia.

Robert Guttmann On The Collapse of Credit Suisse, AT1 Bonds, And The Dilemma Central Banks Are Facing

Robert Guttmann is Professor of Economics at Hofstra University & former Associate Professor at the Centre d’Économie Paris-Nord (CEPN), Université Paris XIII.

By Aiden Singh, March 30, 2023

Willem Buiter On The Ongoing Banking Panic

Willem Buiter is a former member of the Monetary Policy Committee of the Bank of England, former Global Chief Economist at Citigroup, and former Professor at the London School of Economics, Yale University, Cambridge University, Princeton University, and Columbia University.

By Aiden Singh, March 18, 2023

Koichi Hamada On ‘Abenomics,’ The Asia-Pacific Security Situation, And Inflation

Koichi Hamada Was An Economic Advisor To Former Japanese Prime Minister Shinzo Abe And Is Currently Tuntex Professor Emeritus of Economics at Yale University.

By Aiden Singh, February 24, 2023

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The World Is Not Experiencing Deglobalization, Says Historian Harold James

The world is moving toward a new form of globalization, not deglobalization, claims Professor Harold James.

By Aiden Singh, February 15, 2023

Willem Buiter argues that bitcoin does not have intrinsic value.

Harold James discusses FTX & the history of Ponzi schemes.

Carol Alexander argues that NFTs will become increasingly important as the metaverse develops.

Horst Treiblmaier discusses one possible application of blockchain technology.

Is The Federal Reserve's Average Inflation Targeting Policy Appropriate?

Willem Buiter was a member of the Monetary Policy Committee of the Bank of England (1997-2000) and is the former Global Chief Economist at Citigroup (2013-2018).

With Inflation Running Hot, Is The BoE's Current Monetary Policy Framework Still Fit For Purpose?

Charles Bean was the Deputy Governor for Monetary Policy at the Bank of England from 2008-2014 & is currently Professor of Economics at the London School of Economics (LSE).

What Is The Future For Inflation Targeting & Central Bank Independence?

Charles Goodhart is Emeritus Professor of Banking and Finance with the Financial Markets Group at the London School of Economics (LSE) & has held various high-level positions at the Bank of England.

What Were The Problems Of Eurozone Governance Going Into The Debt Crisis?

Kevin Featherstone discusses the problems of Eurozone governance going into the single currency’s debt crisis.

How Has Eurozone Fragility Changed Since the 2010-12 Crisis?

Paul De Grauwe discusses the 2010-2012 Eurozone Crisis & how the Eurozone has held up through the SARS-CoV-2 Pandemic.

Is The EMU Becoming An Optimum Currency Area?

Andrew Rose argues that the EMU is becoming an optimum currency area.

How Do Currency Unions Affect Trade, Exchange Rate Volatility, & Income?

Andrew K. Rose is the Dean of the Business School at the National University of Singapore (NUS) and Professor of International Business & Trade at University of California, Berkeley.

Do Standard Exchange Rate Models Explain the Observed Behavior of Exchange Rates?

Charles Engel is Donald Hester Professor of Economics at the University of Wisconsin.

Paul De Grauwe’s Behavioral Theory Of Exchange Rates

Paul De Grauwe is the John Paulson Chair in European Political Economy at the European Institute of the London School of Economics (LSE).

Evidence of Prediction Market Inefficiency From PredictIt’s 2020 U.S. Presidential Election Markets

I argue that persistent and exploitable pricing anomalies were present in PredictIt’s 2020 U.S. presidential election prediction markets. I claim that these pricing inefficiencies were the result of a subset of market participants acting on misinformation which erroneously led them to conclude that Donald Trump had won the election. I conclude by discussing the implications of traders struggling to correctly distinguish relevant information from misinformation for the efficient market hypothesis.

By Aiden Singh, August 28, 2022