Macroeconomics Blog
Conducting theoretical and empirical work across macroeconomics and finance
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A tale of steel and deficit
Economics is once more dominating the news, which oft times means that the news is not good. Today there are four stories which caught the attention. These are the problems of the steel industry, the tax havens story, the UK's...
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A Tale of Two Taxes
Mike Peacey, Department of Economics, University of Bath. It was the best of times. The UK economy was booming and mortgages could be taken out with a LTV of 125%. It was the worst of times. The house price bubble...
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Can we Trust the Banks again?
Chris Martin, University of Bath In his 2010 book “Whoops! Why Everyone Owes Everyone and No One Can Pay”, John Lanchester compares the balance sheets of Apple and the Royal Bank of Scotland (RBS) on the eve of the 2008...