…models failed utterly to fit European data from the 1980s on. But they are still used. The models were patched by making the unexplained exogenous trend very flexible and complicated….

by Barkley Rosser (Barkley Rosser is now a contributor to Angry Bear) Italy And The Future Of The European Union Given that Trumpfreak may guarantee relatively pro-EU politicians winning in…

…discuss at length in my book, Investment Incentives and the Global Competition for Capital. There, I criticized the European Commission’s Directorate-General for Competition for approving a 54.5 million euro subsidy…

…and the Global Competition for Capital. There, I criticized the European Commission’s Directorate-General for Competition for approving a 54.5 million euro subsidy for Dell to move from Ireland to Poland…

…ever. That would be the half a trillion dollar save the Fed did for the European Central Bank, taking a bunch of very bad assets onto the Fed balance sheet,…

…“Growth of Domestic Nonfinancial Debt,” which is now “Household Net Worth and Growth of Domestic Nonfinancial Debt.” See also Table B.1, “Net National Wealth,” which was added in the September…

A NAWRU proposal Marco Fioramanti and I have strongly criticized the European Commission DG EcFin Output Gap working Group estimates of output gaps. I have also written a lot here…

…more than any others managed to accurately predict our recent Global Great Whatever. And Wynne Godley, rather the pater familias of MMT, predicted the current Euro crisis in amazingly precise…

…Indeed, they seem to be acting so they can get around the effects through banking by the US to keep doing business with Iran, such as by using the euro…

…discussion about the longstanding poverty problem in southern Italy, long labeled “the Mezzogiorno problem.” Mezzogiorno literally means midday or noon, but has long been applied to southern Italy because it…