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Structure of the US Balance of Payments and Capital Account
Dissecting the US Current Account: Trends, Transformations, and the Path from Hyperglobalization
May 13
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Warwick Lightfoot
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Structure of the US Balance of Payments and Capital Account
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Trump Administration’s Tariff Policy and the case for Unilateral Free Trade
Countries should embrace Ricardo’s Comparative Advantage, open markets, remove tariffs and impediments to trade, give effect to their self interest…
May 6
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Warwick Lightfoot
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Trump Administration’s Tariff Policy and the case for Unilateral Free Trade
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UK’s Spring Economic Statement focuses on Redundant Fiscal Rules, Neglecting falling Productivity, Profits, the falling Rate of Return on…
UK has supply-side problems arising from high public spending, taxation and labour market regulation that deliver weak productivity and falling profits
Mar 31
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Warwick Lightfoot
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UK’s Spring Economic Statement focuses on Redundant Fiscal Rules, Neglecting falling Productivity, Profits, the falling Rate of Return on Capital and Structural Problems from higher Public Spending
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Challenge of over expanded public sectors: in the UK, Europe and North America
Elevated public expenditure crowding out private sector growth, is a problem in advanced OECD economies, the UK offers an egregious example, the EU…
Jan 29
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Warwick Lightfoot
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Challenge of over expanded public sectors: in the UK, Europe and North America
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What should financial markets make of a second Trump administration: return to President Ronald Reagan’s War Keynesianism?
Economic modelling of President Trump's tariffs as exercises in hyperbole, big geopolitical issue is rearmament led by US, financed by debt, with…
Nov 22, 2024
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What should financial markets make of a second Trump administration: return to President Ronald Reagan’s War Keynesianism?
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As the UK Labour Market Becomes Less Flexible and Efficient, is the Minimum Wage Lowering Productivity Growth?
UK labour market is becoming more regulated, minimum wage regulation is compress pay differentials and a Manhattan Skyline of marginal tax rates damages…
Nov 7, 2024
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As the UK Labour Market Becomes Less Flexible and Efficient, is the Minimum Wage Lowering Productivity Growth?
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Rachel Reeves: huge Labour Budget, many measures, big increases in spending, taxation and borrowing. But nothing to show for it, in terms of…
The OBR’s economic forecast lowers its forecast for GDP growth, exemplifies crowding out effects arising from higher public spending and no change in…
Nov 6, 2024
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Rachel Reeves: huge Labour Budget, many measures, big increases in spending, taxation and borrowing. But nothing to show for it, in terms of higher economic growth
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Labour’s Budget: a backward looking rhetoric of nostalgia, that exaggerates tax increases for presentational purposes
The political economy of new British Labour Government’s budget, continuity and the zeitgeist of atavistic intergenerational focus on distribution that…
Nov 4, 2024
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Labour’s Budget: a backward looking rhetoric of nostalgia, that exaggerates tax increases for presentational purposes
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The Criterion for judging a government’s budget.
Britain’s new Labour Government will present a budget on Wednesday 30 October 2024. How should it be assessed?
Oct 28, 2024
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The Criterion for judging a government’s budget.
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Inside Thatcher’s Monetarism Experiment: The Promise, the Failure the Legacy
By Tim Lankester - a book that inadvertently shows how British civil service economic thinking needed to change: at its best in 1979 the Treasury was…
Oct 27, 2024
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Inside Thatcher’s Monetarism Experiment: The Promise, the Failure the Legacy
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Understanding Consequences of Increased Importance of Intangibles in Modern Economies, for Monetary Policy and Financing Public Debt
Intangible investment has implications for both monetary policy and the costs of public debt management in advanced economies
Jul 19, 2024
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Understanding Consequences of Increased Importance of Intangibles in Modern Economies, for Monetary Policy and Financing Public Debt
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Why Fiscal Rules are Redundant and How Public Debt acts as a shock absorber and an enabler for public policy
The big issue government's need to confront is how much and on what they are spending, how this is financed by debt and taxation is a secondary issue in…
May 17, 2024
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Warwick Lightfoot
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Why Fiscal Rules are Redundant and How Public Debt acts as a shock absorber and an enabler for public policy
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