Unpredicatble Predictability

Just a brief post to let you know that Mark Thoma and I are doing some guest posting this weekover at New Economist.

Perhaps the most interesting dimension is the amicable debate which Mark and I are having about the respective merits of the more activist Fed monetary policy and the rather more quietist approach of the ECB. Highly recommended are Mark’s posts here and here. Perhaps surprisingly, I tend to be more impressed with Greenspan and the Fed, while Mark finds a much more coherent policy from the ECB than I would be inclined to grant: is this an example of the grass on the other side of the fence always looking greener?

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".