David S. D'Amato
31 May 2013

In the wake of the financial crisis, there are growing movements in the USA and the UK to abolish the countries’ central banks, the Federal Reserve System and the Bank of England. And while...
Philip Booth
8 March 2012

  The government is to be applauded for its attempts to get the medium-term public finances under control. However, its enthusiasm to do so is leading, increasingly often, to decisions that...
G. R. Steele
23 November 2011

Mainstream macroeconomics presents monetary and fiscal interventions as independent policy options, and this spills over to institutional structures. In the UK, for example, the Bank of England and...
Paul Ormerod
9 November 2011

To many people, this phrase is an oxymoron. How can fiscal contraction be expansionary? But the evidence suggests that this is exactly what has been happening in the United States. In terms of...