Everyone rides equal on NYC subway … though for the most it is standing room only and all struggle to squeeze into the train car during morning commute…this observation is valid for the #4, 5, 6 and the B, E, F, R, and all other trains… Continue reading →

More on the topic of the one off / disjoint views on the economic and social; theory and practice, comes from the analysis of concepts of totality and universal (described more fully in an earlier presentation at the EEA’s 2011 meeting). Just few thoughts: Continue reading →

Almost three years into the recent crisis finance and economics continue as sovereign entities…Unfortunately, the idea that the two are necessarily interrelated, seems to escape the narrow confines stereotyped within each discipline. This divide is reaffirmed in corporate releases and academic conferences (at one of such recent gatherings I presented our latest on fundamental uncertainty bridging financial market to economic policy). Continue reading →

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.