Well, I’m still slaving away on the book. I hope regular readers will appreciate the fall-off in posts in this regard. The book will be worth it. I promise.
Anyway, the ever present drip of my publications elsewhere should prove to be at least somewhat satisfactory. I have two pieces in the latest issue of the Journal of Regulation and Risk North Asia. The journal features pretty big names from time to time — Elizabeth Warren is in the current issue and the likes of Adair Turner, Andy Haldane and my favourite economist Paul Krugman have appeared in previous issues — what’s more the journal gets circulation around the major central banks of the world.
So, the two pieces that I wrote are finely tuned to target that audience. The first short piece (on pages 59-63) is an argument against the existence of a natural rate of interest. This is a fetish that central banks need to give up ASAP. The second longer piece (on pages 195-206), co-written with my friend and colleague Thomas Dwyer, is about the challenges facing central banks in light of the recent upsurge in nationalist sentiment across the world. This article is particularly pertinent to recent developments in the Eurozone as well as in Scotland and ties into the debates around austerity and expansionist policies. There is actually very little written on this important issue as of yet. But if it gets any attention our article might go some way in starting that very important debate.
Here is the link to the Journal which has been made freely available online: