Economics and politics - comment and analysis

New UNCTAD report calls neoliberalism an epic failure and argues for global Keynesian stimulus policies

Two days ago, Allister Heath published one of his diatribes in The Telegraph. It’s almost comical. His targets are economists, specifically macroeconomists. As he writes, not missing the opportunity to quote Paul Romer, the new president of the World Bank, completely out of context, …

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Cyclical analysis of the European economy for the summer of 2016: no recovery anywhere. Part 1

Incorrect GDP calculations

The difference between what a knowledgeable observer can deduce from data concerning the European economy and what the official statistics office makes of it is becoming increasingly grotesque. Last week, the Federal Statistical Office reported a growth of German GDP of 0.4 percent in the second quarter of 2016 compared to the previous quarter (see here). …

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The condition of the European economy at the start of 2016: the misery is clear. Part 2

The first part presented evidence on the bleak economic situation in Europe. In the second part, we will complement our analysis by presenting three other indicators (construction, retail and price evolution). We will also provide an answer to a question that is often being asked by our readers: how can we be so sure that the official figures of the statistical offices adequately capture what they are supposed to measure? …

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