The inflation is burning out pretty quickly. I consider my assessment that this was always going to be a transitory period of inflation has been validated by the data. I also think we have reach […]
Policy makers should ignore the noise from the financial markets and decline to ratify their gambling. They should be patient and let the supply side constraints ease as the pandemic eases. Their attention should be […]
The chickens are coming home to roost at present and the irony of all this is that ultimately German and Dutch external surpluses will fall below the allowable EU imbalance threshold of 6 per cent […]
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