Tuesday, 31 January 2012

The largest and longest unemployment gap since WWII

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Our chart on the historical experience of recessions and recoveries h as got a lot of attention. But it's largely descriptive.  For th...
Friday, 27 January 2012

Fiscal policy: what does "Keynesian" mean?

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On Sunday, David Smith described me as “ a former Cabinet Office economist who has taken the institute [NIESR] back to its Keynesian root...
Thursday, 26 January 2012

Education, inequality and social mobility

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A summary of my talk on this topic at LLAKES (the ESRC Centre for Learning and Life Chances in Knowledge Economies) is here , along with a l...
Wednesday, 25 January 2012

Recessions and recoveries: a historical perspective

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[Note: this is now slightly out of date. An updated version is here.] Following the GDP numbers published January 25, here is a f...
Tuesday, 24 January 2012

Fiscal space: what does the IMF mean?

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The IMF, now under new management, is being increasingly vocal in saying that countries which can afford to do so should be slowing the pace...
Monday, 23 January 2012

David Smith finds me puzzling..[updated 24 January]

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[updated to reflect David's response, below] David Smith ties himself in all sorts of knots in yesterday's Sunday Times (£) .   ...
Sunday, 22 January 2012

Anecdotal evidence, chocolate, Pret, and general equilibrium

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I have been writing quite a lot about immigration recently - here and here .  But there’s an unfortunate tendency for dialogues on this to...