Browsing Tag

depression

Entering the third phase of recession

Last week, a friend from business school who I met up with in New York in early March told me she had taken an antibody test for coronavirus and came back positive. Her first thought was about donating blood, whereas my first thought was…

Spain’s economy is in tatters

In the wake of the Reinhart-Rogoff controversy, there is certainly going to be a push forward toward stimulus. And Spain is going to be a leading player here. The problem for Spain is that the country is beset by deflationary forces from…

Maastricht and All That

The following is an excerpt of an article written exactly twenty years ago on 8 October 1992 by the late Wynne Godley, a British economist, who predicted disaster for Europe’s planned single currency. This is the single most cogent and…

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