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I’m back 17 Nov 2011 | 01:08 am

For various reasons I have been unable to blog for almost three years. But now I'm back. It would be an understatement to say I have missed a lot. Not only the Great Recession and the not-so-great rec...

IMF: "Risks to financial stability have intensified" 29 Jan 2009 | 04:06 am

For those hoping that credit conditions might gradually be returning to normal, today's IMF Global Financial Stability Report market update contained a stark warning: Risks to financial stability have...

CBO: largest growth shortfall since the Great Depression 28 Jan 2009 | 07:39 am

The Congressional Budget Office's new director, Douglas W. Elmendorf, testified on the state of the US economy before the House Budget Committee today. It makes sober reading. An accompanying blog pos...

'Lone dove Danny' quits the MPC 11 Dec 2008 | 04:01 pm

Controversial Monetary Policy Commitee member and Dartmouth professor Danny Blanchflower is leaving the Bank of England, according to The Times: Man who wanted early rate cuts David Blanchflower steps...

Are emerging Asia’s reserves really too high? 21 Aug 2008 | 02:31 pm

Aside from China, no, according to a new IMF working paper by Marta Ruiz-Arranz and Milan Zavadjil. This is in large part an attempt to insure against a repeat of the 1997 Asian currency crisis: The p...

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