Achieving net zero with renewables or nuclear means rebuilding the hollowed-out public service after decades of cuts
From The Conversation
Articles from John Quiggin
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Low inflation targeting is such a dubious idea. Why did the Reserve Bank adopt it in the first place?
From The Guardian
The release of recent data suggesting that inflation appears to be stuck at 4%, above the Reserve Bank of Australia’s target range of 2% to 3%, has raised plenty of concern among economic and political commentators. These commentators might be surprised to learn that many, perhaps most, macroeconomists who have looked at the question have concluded that a 4% inflation rate would be the ideal target, at least providing that wages and other incomes kept pace.
Monday Message Board
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
Monday Message Board
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
The edge of extinction
Referring back to this 2002 post defining “neoliberalism”, I find the claim that the “The (UK) Conservative party is hovering on the edge of extinction”.
Monday Message Board
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
Monday Message Board
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
The Left and THE LEFT: Responding to the crisis of soft neoliberalism
Brad DeLong (in a recent post summarising a joint podcast with Noah Smith) walks back his previous suggestion that it was time for neoliberals, among whom he had numbered himself, to pass the baton to “the Left”.
Grading the Budget, or not
The Conversation asked economists about the budget. I thought the questions poorly framed.
Q: What grade would you give the budget, given Chalmers’ stated objective of “fighting inflation in the near term and then growth in the medium term”? A, B, C, D, E or F
My answer: An exclusive, or even primary, focus on a rapid return to an arbitrary inflation target represents a misconception of the role of fiscal policy.
I decline to offer a rating on this basis.
Monday Message Board
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.