David Blanchflower

We had a lot of good posts at Credit Writedowns this past week. Below is a list of the most-read. Enjoy. Chile: "We are very much concerned about what's happening with our currency": Comments by Chile's central bank…

Topic of the Day: Britain's Austerity Budget What I didn't say on the BBC | Credit Writedowns It Is Not Just John Maynard Keynes, It Is Milton Friedman Who Is Being Thrown Over the Side - Grasping Reality with Both Hands FT.com…

The presence of an article in the links section at Credit Writedowns is not an endorsement of the views presented. However, it is a suggestion that the article is topical and worthy of your attention. If you would like to receive our…

A few months ago I was running through some out of the box thinking for how the Fed might be able to give quantitative easing more of an impact. Not that I think the Fed should go QE, but if they do, the question is what should they do.…

Kinder, Gentler Banks? It Wasn’t in the Deal - NYTimes.com Good effort on what banks owe taxpayers. But, still not quite there. Hat tip Yves Smith. Financial Armageddon: Jenga Time in CRE CRE is the next big writedown time bomb.…

In the just finished second quarter of 2009, the UK economy was contracting a massive 5.6% from the year ago period.  This is the worst performance since records began in 1955. What’s more, the data surprised to the downside, with the…

The minutes of the Bank of England's most recent Monetary Policy Committee (MPC) meeting demonstrate that Britain's monetary policy makers are all over the shop. Most committee members voted to keep rates at 5%, but there was also a vote…