EMerging Equity
macroeconomics
John Maynard Keynes Was A Mediocre Currency Trader: Study
It turns out that John Maynard Keynes, the father of modern macroeconomics, was a bit of a speculator. A September 2014 study by academics at Cambridge and the London School of Economics found that Keynes was an avid, but mediocre, currency trader. Olivier Accominotti of the London School of Economics and David Chambers of Cambridge … Continue reading
A Century Of Stagnation? Insights From The Economic History Of Argentina
Argentina is the only country in the world that was ‘developed’ in 1900 and ‘developing’ in 2000. Various explanations highlight the roles of trade openness, political institutions, financial integration, financial development, and macroeconomic instability. No study has so far attempted a quantitative assessment of the relative importance of each of these competing factors. This column … Continue reading
Why Argentina Must Learn The Virtues Of Economic Orthodoxy
By Adrián Ravier Orthodoxy is, according to the first definition of the Royal Spanish Academy, “conformity with generally accepted doctrines or practices.” Those in the economics profession and academic discipline have reached a broad consensus about the importance of fiscal balance (in public finances), monetary stability (in macroeconomics, and in the sub-discipline of monetary theory), … Continue reading
