Macro Series

Aggregate demand policy in a time of COVID

Share on twitter
Share on whatsapp
Share on facebook
Share on linkedin
Share on email

Listen to our reports with a personalized podcasts through your Amazon Alexa or Apple devices audio translated into several languages

en flag
zh flag
Press play to listen
Large increases in government expenditure generally necessitate restraint elsewhere However at present significant resources are lying idle: no such sacrifice is needed Hence increases in government exenditure currently need not be financed by borrowing Neither need they be recorded as increases in debt owed to the public Today’s circumstances require the explicit coordination of fiscal and monetary policy This could be calibrated by targeting an appropriate target path for nominal GDP You wouldn’t want to start from here The world is faced by a major macro polic
Register for FREE or log in to read the rest of this report.
Access to 10+ top independent research providers for an affordable flat rate
Flexible to your changing needs and markets.
Ideal for small/mid-sized hedge funds, family offices, private wealth managers, and corporates

Economic Risks

( < 1 min read ) Please find attached the January issue of our monthly Economic Risks. Below is a top-level summary: A rampaging virus and lockdowns extend secondary dips Immunisation programmes take time to reach critical mass Bankruptcies, joblessness, poverty, and inequality

Read More »

Ten developments to watch for in 2021, and beyond

( 2 mins read ) LlewellynConsulting’s Ten developments to watch for in 2021, and beyond details what we judge most likely to happen; and pays particular attention to detailing what we see as the main risks and uncertainties. There is

Read More »

Economic Risks

( < 1 min read ) Secondary dips in activity multiplying before vaccines arrive A US Presidential inauguration surrounded by chaos Inflation falling further and remaining uncomfortably low Fiscal support being extended, further boosting debt ratios Central banks becoming yet more

Read More »

Global Letter: Groundhog day in Turkey

( 4 mins read ) Turkey has once again succumbed to some of its all too familiar failings. Plus ça change, plus c’est la même chose We at Llewellyn Consulting have long argued that some economies behave as if they

Read More »

Comment: The importance of inflation expectations

( 9 mins read ) Inflation has been under control for several decades and is historically low. But opinion is now divided: some fear enduring ‘lowflation’; others price instability. Much will depend on the future dynamics of inflation expectations. For

Read More »

Comment – Default Options

( 11 mins read ) The world’s poorer nations are confronted by sharp recessions that threaten to endure. Poverty and inequality are rising rapidly, reversing earlier global income convergence. Public finances are coming under growing duress, and debt distress is

Read More »

Global Letter – Cold realities

( 4 mins read ) Press play to listen Broader ramifications of COVID are set to come into sharper relief, not least in the UK. Tough economic times coming Commentary in today’s 24/7 news world tends to be intrinsically incremental.

Read More »

Focus – Abenomics is found wanting

( 14 mins read ) Press play to listen The record of Abenomics is at best mixed, and at worst a chronicle of failure. Overall growth potential is minimal, lowflation embedded, and vulnerability to shocks high. Orthodox macro policy is

Read More »

Economics Risks

( 6 mins read ) Viral resurgences further set back incipient recoveriesBalance sheet distress intensifies, not least in the EMsFiscal policy support is withdrawn too soonReal activity takes several years to return to recent highsNear-zero inflation becomes embedded in the

Read More »

Comment: Britain and the tyranny of nostalgia

( 11 mins read ) Press play to listen Britain has now been in relative economic decline for the better part of 150 years.Many of the reasons for this were first identified as long ago as the Victorian era.Pyrrhic victories

Read More »

Follow our contributors on Twitter

Cualquiera que pueda explicar en voz alta las medidas del kernerismo para el mercado de carne y no se mate de risa es que no entendió las medidas

We are pleased to announce our new Associate, Jonathan Fried. Based in Ottawa, Jonathan will further strengthen our #global team; deepen our #expertise; and bring us closer to #policy.

We are pleased to announce our new Associate, David Munves. Based in New York, David will further strengthen our #global team; deepen our #expertise; and bring us closer to #markets.

@Coloboren, profesor de la Escuela de Negocios #UTDT, opinó en @elDiarioAR sobre las condiciones necesarias para que la economía argentina crezca.

There's a growing consensus inside the administration that the state of emergency over the pandemic would be extended, likely for another month.

Para el turno mañana, dejo aquí el podcast La Economía en 3 minutos. Esta semana sale La Conquista de YPF. Esta semana tiene EMAE, comecio y una licitación importante. Homenaje a Catupecu y Britney nos acompañan en la musicalización.

Load More...