Eric Tymoigne
Eric Tymoigne's Latest Articles | 10
After Great Recession: A Bleaker Employment Recovery than after the Great Depression
The last employment numbers provide yet another disappointing bit of news for millions of households all around the country. No net employment gain. However, I am... Read »
Where is the “Recovery”? Where Did the “Stimulus” Go?
The new BEA figures about economic activity continue to point to a replay of a Japanese-style lost decade or, even worse, a 1937 scenario. The current expansion... Read »
One More Time Credit Rating Agencies Show Their Incompetence
Yesterday morning S&P released the following information: “Although we believe these strengths currently outweigh what we consider to be the U.S.’s... Read »
Ready for 1937 v.2?
The Great Recession is a replay of the Great Depression in many ways; one of them is fiscal policy. Let’s rewind the tapes: -1929-1930: President Hoover’s first... Read »
The CBO’s Misplaced Fear of a Looming Fiscal Crisis
The Congressional Budget Office (CBO) has just released an 8-page brief titled “Federal Debt and the Risk of a Fiscal Crisis.” In it you will find all... Read »
Can We Spend Our Way Out of the Recession?
If the reader is familiar with history, she or he will note a close similarity between the current policy debates and those of the 1930s; the latest similarity is... Read »
Some Things to Consider Before Reappointing Bernanke
Chairman Bernanke has been praised for his handling of the crisis. Nobody disputes the fact that the massive emergency lending programs of the Federal Reserve helped... Read »
Another Take on the Financial Balances
First, regarding the identity itself, for a domestic economy we have, in terms of economic flows: GFB + PDFB + RWFB ≡ 0 With PDFB the private domestic financial... Read »
Can Better Risk Management Techniques Prevent “It” From Happening Again?
The risk-management approach to financial regulation has been around for a long time and it has failed consistently. It has not only failed to promote safer economic... Read »
BIS Report Warns that Main Problems Have Not Been Solved
The Bank for International Settlements (BIS) in its 79th Report makes several interesting points that are consistent with what has been argued on this blog. Echoing... Read »







