Eomics

Economics without the con

Showing posts with label macroeconomics. Show all posts
Showing posts with label macroeconomics. Show all posts
Friday, 25 July 2025

Rationality meets reality

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  The rational expectations (RE) revolution which swept through macroeconomics in the 1970s and 1980s has changed the way we think about man...
Sunday, 14 April 2024

Error correction (or blame deflection?)

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For anyone interested in the practice and methodological issues associated with economic forecasting , you could do a lot worse than read th...
Wednesday, 30 November 2022

The DSGE paradigm: Do Stop Generating Errors

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From RBC to DSGE The recent passing of Ed Prescott , the 2004 Nobel Laureate in economics, was a cause for sadness across the economics ...
Thursday, 24 February 2022

Redrawing the economic map

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As Europe awoke to the news that Russia has launched military action against Ukraine, it is hard to avoid the conclusion that the geopolitic...
Tuesday, 15 February 2022

The Magic Money Tree

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Modern Monetary Theory (MMT) is back in the headlines following a recent piece in the New York Times ( here ). In truth, the article is mor...
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Wednesday, 20 October 2021

No expectations

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Inflation remains one of the big items on the policy agenda with the IMF’s latest World Economic Outlook devoting a considerable amount of ...
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About Me

Peter Dixon
This blog intends to take some of the con out of economics. As a macroeconomist working in the financial services industry, with many years of experience looking at markets and the economic conjuncture, I realise that economics is (as they say about football) often a game of opinions. These are mine.
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