Is monetary policy credibility about to go?
Figure 1: Credibility in the euro area still holds up...but for how long? Both the Fed and the ECB have been able to remain credible...
Prediction is very difficult, especially about the future*
The main issue at hand is our ability to predict and prepare for the future. In the quest for getting the future right, we need to...
Welcome to my thoughts on new macro!
New year, new beginnings. As early as 2010, Blanchard et al discussed the inadequacies of current macroeconomic thinking: "The great...
