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Showing posts with label GFC. Show all posts
Showing posts with label GFC. Show all posts
Friday, August 3, 2018

Simon Wren-Lewis — How China beat the Global Financial Crisis

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Basic macroeconomic theory says that a negative shock to GDP, caused for example by falling exports, can be completely offset by a monetary...
8 comments:
Monday, February 20, 2017

Bill Mitchell — Mainstream macroeconomics – exudes denial while purporting to be progressive

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Bill deconstructs the conventional explanation for the Global Financial Crisis (GFC). Toward the end, Bill discusses ISLM. Bill Mitchel...
1 comment:
Sunday, February 14, 2016

Bill Mitchell — It is fuelled by stupidity … That’s not stupidity that’s fraud

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Yesterday, we saw the movie – The Big Short – which is entertaining to say the least but depressing in its message that widespread corrupti...
5 comments:
Tuesday, December 29, 2015

Raúl Ilargi Meijer — 2016 Is An Easy Year To Predict

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Deflation. The second leg down in the global financial crisis. The Automatic Earth 2016 Is An Easy Year To Predict Raúl Ilargi Meijer
6 comments:
Sunday, November 1, 2015

Diane Coyle — The devil take the debt

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Mini-review of Adair Turner's  Between Debt and the Devil: Money, Credit and Fixing Global Finance  . Given the difficulty of tackling ...
Thursday, October 22, 2015

Raúl Ilargi Meijer — Everything’s Deflating And Nobody Seems To Notice

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Debt deflation taking hold globally. Get ready for the second leg down in the GFC. With Paul Ryan as Speaker of the House, the US is not...
2 comments:
Friday, October 2, 2015

Zero Hedge — Deutsche Bank's chief credit strateigst Jim Reid on the endgame

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Deutsche Bank's chief credit strateigst Jim Reid. I'd call it the second leg down. Zero Hedge This Is The Endgame, According To D...
4 comments:
Thursday, April 16, 2015

Michalis Nikiforos — Not All Macro Models Failed to Predict the Crisis

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Noah Smith has a post on the failure of macro theory to predict the crisis. He concedes that DSGE models did very badly on this score, but...
Monday, April 13, 2015

Bill Black — Capitalism’s Defender Unknowingly Indicts the Banksters

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Great history lesson about the crisis as Bill Black eviscerates Cato 's Johan Norberg. New Economic Perspectives Capitalism’s Defend...
Tuesday, March 31, 2015

Joseph Joyce — The U.S.: Inept Diplomacy, Indispensable Currency

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All this demonstrates the discrepancy between the diplomatic and financial power of the U.S. On the one hand, the U.S. must deal with count...
Friday, November 7, 2014

Asad Zaman — Why does Aggregate Demand Collapse?

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Summary of Atif Mian and Amir Sufi's House of Debt. It attributes the decline in aggregate demand to the collapse of assets held by t...
1 comment:
Wednesday, April 23, 2014

Marshall Auerback — The Financial Crisis Of 2008 Can Be Laid At The Door Of The Clinton Administration

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The usual hagiography, particularly amongst Democrats, is that the US got seriously off track during the Bush (II) presidency after the gol...
6 comments:
Wednesday, April 2, 2014

Bill Black — Ten Lessons We Must Learn from Charles Keating

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The Savings and Loan debacle was the test bed for the epidemics of accounting control fraud that drove our subsequent financial crises. Th...
11 comments:
Thursday, January 2, 2014

Zero Hedge— Alan Greenspan's Modest Proposal: Fix Broken Economic Models By... Modeling Irrational "Animal Spirits"

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Pretty amazing admission by the Maestro. Zero Hedge Alan Greenspan's Modest Proposal: Fix Broken Economic Models By... Modeling ...
Thursday, December 26, 2013

Jed S. Rakoff — The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?

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Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are st...
Tuesday, December 17, 2013

Jonathan Larson — Iceland sends another bankster to jail, USA has many more crooks but...

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The fact that Iceland is treating the banksters like more or less common criminals points to a cultural feature of a small Nordic country. ...

David Ruccio — Why 2 big 2 jail?

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Cuts to the chase. Occasional Links & Commentary Why 2 big 2 jail? David F. Ruccio | Professor of Economics University of N...
Thursday, December 12, 2013

TheFinanceLab — Transforming Finance [video]

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Transforming Finance TheFinanceLab (h/t Lars Syll)
1 comment:
Saturday, December 7, 2013

Geoff Davies — Sack the Economists

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Non-mainstream economists are all-too aware of the failure of mainstream economists to anticipate, let alone avoid, the Global Financial Cr...
2 comments:
Thursday, August 8, 2013

J. Bradford DeLong — Paul Krugman: What Janet Yellen--And Everyone Else--Got Wrong

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No, Professor Krugman, "everyone" did not get it wrong. Only the Very Serious People, whom you apparently regard as "everyo...