Economics and politics - comment and analysis

Downturn in the economy and a simultaneous downturn in economic analysis

German Chancellor Olaf Scholz is not an economic expert. Nobody expects him to be. However, the head of government of the world’s fourth largest industrialised nation should have advisors to protect him from disqualifying himself in economic issues. He obviously does not have any such advisors. …

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Argentina and Turkey: Two very different countries, the same problem

(A shorter version of this paper has been published by the LSE blog today)
Inflationary dynamics cannot be effectively addressed by conventional measures or a radical market shock therapy. Comparing the developments in Argentina and Turkey, we argue that the only way to address the problem is through cooperative behaviour of the government, …

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