Category Archives: Macroeconomics

GDP – a Digital Remix

  In a recent article for Project Syndicate, I argue that more than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. The models that most are using are still struggling to … Continue reading

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Time for Macroeconomics to be Remastered

A decade on from the financial crisis, economists have still to learn three crucial sets of lessons. Continue reading

Posted in Economic Forecasting, Inequality, Macroeconomics, Politics, Sustainability, Technology | Tagged , , , , , , | Leave a comment

The Great Disruption

The Great Disruption is the apposite title of Project Syndicate’s magazine for 2019. It explores the implications of the political fallout out from the financial crisis, globalisation, technological change and rising inequality. I was privileged to step into the panel … Continue reading

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Forecasting is Fallible, But Necessary

In my first piece for Project Syndicate I build on my earlier post on the lessons for economic forecasters.  The subtitle of their post prompted some questions about the usefulness of big data. There’s no doubt that economic forecasters can … Continue reading

Posted in Big Data, Economic Forecasting, Fintech, Innovation, Macro, Macroeconomics, Network economics, Politics, Technology | Tagged , , , , | Leave a comment

Machine, Platform, Crowd – Book Review

Andrew McAfee and Erik Brynjolfsson have done it again. ‘Machine, Platform, Crowd’ is a lucid and timely exploration of three powerful trends unleashed by the digital revolution. They describe the ‘three rebalancings’: first, as machine learning either complements or supplants … Continue reading

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Confessions of an Economic Forecaster

Economists’ forecasts are notoriously inaccurate. This fallibility is hardly a great surprise given that we live in an irretrievably uncertain world. So why do we keep doing it? What can we learn? Here are my eighteen secrets and myths about the … Continue reading

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Looking for Trouble

How politics could fuel downside risks to global markets It is easy to find downside risks to the outlook for the global economy and markets. Worse still, a recent ING report, entitled ‘Looking For Trouble’, highlights doubts about the ability … Continue reading

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