And so the austerity debate has been rekindled. The research of two academics – Reinhart and Rogoff – that was widely cited by those supporting the austerity campaign has been drawn into question. This of course comes on top of the ongoing debate upon the reliability of fiscal multipliers – […]
Download a pdf version Seeing the dots March and the first days of April have seen momentous events ranging from the Cyprus crisis to threats of nuclear war. This briefing argues that we should take time out to review these and other events to see if they are providing us […]
An Admission and Pandora’s Box Earlier this month, the head of the International Monetary Fund (IMF), Christine Lagarde, called for looser deficit reduction deadlines for Greece and issued a cautionary note regarding the relentless pursuit of ‘austerity’ policies. However, what will prove to be the historically most important point she […]
Nothing like an attention grabbing headline. But there is a very serious issue here. In today’s FT, Gideon Rachman puts forward a very good argument as to why there is no alternative but austerity for Europe, see No Alternative to Austerity. Rachman paints a picture of the vice that now grips Europe, and it […]
Nothing like an attention grabbing headline. But it is a headline that raises serious issues. Now that a pathway (of varying lengths and gradients, depending upon where you are located) is appearing leading us out of the Great Recession, a common picture of hope is emerging. The picture of hope […]