Category Archives: fiscal stimulus

Fall in US Trade Balance Led by Ag. Exports

Share Button

September 27, 2018 — As of July, the US trade deficit had widened relative to  a year ago, despite temporary improvement earlier in 2018.  A new Census report today suggests: (1) further deterioration of the merchandise trade balance in August, and (2) a particular role for exports of food & feeds

Share Button

Reply to an MMT critique of my column on pro-cyclical policy

Share Button
Aug. 30, 2018 — I received an invitation from Paul Fagan to respond to a critique by Bill Mitchell of my column at Project Syndicate and the Guardian, “US will lack fiscal space to respond when next recession comes”.   (My subsequent blogpost, “The next recession could be a bad one” is a slightly extended version.)  I am happy to respond to the critique.
Share Button

The Next Recession Could Be a Bad One

Share Button

August 30, 2018 —  US economic statistics are currently good.  But the next recession could be bad.  

Share Button