Spain, and how the Eurozone has to get real about countercyclical policy

Matthew Klein has a good account of how Spain’s macroeconomic fortunes are improving, but only from a very bad place. I’m not that knowledge...

In praise of macroeconomists (or at least one of them)

This is a title that is sure to spur some angry comments. Didn’t the financial crisis prove that mainstream macroeconomics was hopelessly fl...

Why macroeconomists, not bankers, should set interest rates

More thoughts on the idea that interest rates ought to rise because of the possibility that the financial sector is taking excessive risks: ...