Category Archives: Uncategorized

Vaccine Failure, Market Expectations and Inflated Valuations

For the last year and a half the biggest sentiment driver in markets has undoutedly been COVID-19. This is perfectly reasonable as the virus is probably the biggest single driver of variables that matter in financial markets – from inflation … Continue reading

Posted in Uncategorized | 1 Comment

Inflation, Real Earnings and Recessions

In my previous post, I laid out some issues with the methodology being used to explore the relationship between inflation and asset prices. One issue that I raised was with respect to the observation that inflation below 1% seemed to … Continue reading

Posted in Uncategorized | Leave a comment

Prolegomena to a Discussion of Inflation, Asset Returns and Real Earnings

Many today are examining the impact that inflation has on asset prices. One of the best papers on the topic is by Harvey et al and it is well worth a look. What I am going to write here does … Continue reading

Posted in Uncategorized | Leave a comment

Why Lower Yield Treasuries Are More Attractive Than Higher Yield

In what follows, I want to draw out some implications of an interesting post by Greg Obenshain at Verdad Capital. In the post, Obenshain laid out data showing a number of things about Treasury bonds. Most notably, that they are … Continue reading

Posted in Uncategorized | 5 Comments

New Review of My Book

A nice review of my book by Marc Morgan has appeared in American Affairs. Morgan works with Thomas Piketty at the World Inequality Lab at the Paris School of Economics. He is doing interesting work on profit accounting and determination. … Continue reading

Posted in Uncategorized | 1 Comment

How Far Can We Push This Thing? Some Optimistic Reflections on the Potential For Economic Experimentation

Readers are probably aware that there is quite a lot of discussion of Modern Monetary Theory (MMT) and the potential for fiscal experimentation batting around at the moment. Others have weighed in on this already, and I have little to … Continue reading

Posted in Uncategorized | 3 Comments

Some Reviews of My Book

I have come across two academic reviews of my book which can be found here and here. There is also a nice popular review in the Irish Times that can be found here.

Posted in Uncategorized | 2 Comments

2017 Presentation on Ireland

My 2017 presentation on Ireland and the Eurozone has been uploaded to YouTube. See the previous post for the link to the full conference, which includes the Q&A.

Posted in Uncategorized | Leave a comment

Presentation on the Irish Economy

On Monday of this week I gave a presentation on the current state of the Irish economy at a conference on the future of Europe at the LBJ School of Public Affairs. My presentation begins around the 33 minute mark … Continue reading

Posted in Uncategorized | Leave a comment

Book Launch in Parliament Earlier This Year

On Tuesday 16th of March 2017 Robert Skidelsky and I launched my book The Reformation in EconomicsĀ in the Clement Attlee room in the House of Lords. It has taken some time to upload these videos of Robert’s and my comments. … Continue reading

Posted in Uncategorized | 3 Comments