Pointing to the “inwardly-looking sectors” in Dr. M. El-Erian’s recent op-ed to FT seems to be the right way to re-set a pragmatic discussion of the economic crisis. Despite some growth, much remains uncertain in terms of recovery. Many of the points raised relate equally to advanced and “emerging” markets. Reducing discourse to validity of QE2, QE3, QEetc…is not helping, but only prolongs the structural problems. Continue reading →

Announcing new book publication on fiscal policy.

This book explores the problems of fiscal policy as an instrument of economic and social development in the modern environment, primarily focusing on the transition economies of Eastern Europe, Caucasus, and Central Asia. Read more…

New School SCEPA Blog announcement here.

Link to publisher (hardcopy & e-copy) here.

Welcome to the first post in the blog! This section will house updates on recent developments in macroeconomics, fiscal policy, and financial markets.