Pandenomics
Click here to read the ING report
Looking for trouble…
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Savers are Negative on Negative Rates
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Greek Crisis Lessons
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Globalization Disrupted
Click here for ING presentation
The New Abnormal
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Warped World of Bonds
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EMU Roads to Survival
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EMU Break-up?
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Category Archives: Macroeconomics
Pandenomics Revisited – Podcast
Back in April 2020, only a few weeks into the Covid-19 pandemic, I published a report entitled “Pandenomics – 15 Ways that Covid-19 could change the world”, with a subsequent spinoff for the CEPR’s VoxEU. Now that the pandemic is … Continue reading
Posted in Digital, Macroeconomics, Pandemic, Technology, Uncategorized
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New Horizons Beyond ING
My New Favourite Mug Leaving in the midst of the Covid-19 pandemic lockdown is somehow fittingly strange and unexpected. My 22 years at ING, mostly as Chief Economist, marked an unforgettable period of shocks in economics, politics, technology, society and, … Continue reading
Posted in Economic Forecasting, Macroeconomics, Pandemic
Tagged Digital, Economic Forecasting, Green, New Abnormal, Social
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Sustainable Recovery Must Be More Than Green
In an article for Project Syndicate, entitled “A Sustainable Recovery Must Be More Than Green” I argue that climate action needs to be closely tied to the urgent need to protect jobs and livelihoods. Otherwise, it risks becoming yet another … Continue reading
Posted in Climate Change, Macroeconomics, Pandemic, Politics, Sustainability
Tagged Climate Change, Covid-19, Digital, Economics, employment, fiscal policy, Globalization, growth, Pandemic, Politics, Sustainability, Technology
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Pandenomics – 15 ways that Covid-19 could change the world
The Covid-19 pandemic leaves us wrestling with a callous calculus: a crude and capricious trade-off between the tragic and huge loss of life and the many more livelihoods that will be lost. We are nowhere near knowing how bad it … Continue reading
Posted in Macroeconomics, Politics, Sustainability
Tagged China, consumers, Covid-19, Digital, Economics, employment, EU, financial markets, fiscal policy, Globalization, growth, Innovation, Interest rates, monetary policy, Pandemics, Policy, regulation, Sustainability, Technology, Trade, US
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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
Posted in Economic Growth, Inflation, Macroeconomics, Technology
Tagged Digital, E-commerce, Economics, growth, Innovation, Investment, Productivity, Technology, US
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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 Economic Forecasting, Economics, Globalization, growth, Policy, Politics, Technology
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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
Posted in Macroeconomics, Politics
Tagged AI, Big Data, Brexit, China, Economics, Globalization, Inequality, Network economics, Politics, Populism, Technology, Trump, US
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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 Big Data, Economic Forecasting, Economics, Innovation, Technology
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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
Posted in Innovation, Macroeconomics, Platforms, Technology
Tagged consumers, Digital, Macroeconomics, Network economics, Platforms, Technology
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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
Mark Cliffe 