Debt
The ECB's dilemma
I have been emphasizing the Fed's dilemma: If it raises interest rates, that raises the U.S. debt-service…
I have been emphasizing the Fed's dilemma: If it raises interest rates, that raises the U.S. debt-service…
All pre-covid. European GDP per capita fell in the decade following the financial crisis. US growth was no…
Source Stephan Schubert Source: Chad Jones "straight out of the Penn World Tables, and I first lear…
Here are two unsettling slides I made for a talk. Here is GDP per capita in US, UK, France and Italy and Chin…
This is a talk I gave for IGIER at Bocconi (zoom, sadly) Jan 11 2021. Olivier Blanchard also gave a talk and…
I wrote an oped for Il Sole 24 Ore on central bank digital currency, as part of a series they are doing. It&…