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Created
Mon, 23/06/2025 - 17:15
The global financial press think they are finally on a winner (or should that be loser) when it comes to commentary about the Japanese economy. Over the last few years in the Covid-induced inflation, the Japanese inflation rate has now consolidated and it is safe to say that the era of deflation is over. Coupled…
Created
Mon, 09/06/2025 - 08:30
Today is a public holiday in the parts of Australia that I live and I have travel commitments. So I’ll be back on Wednesday. What is this holiday about? Yes, it is deeply embarrassing but today is the King’s Birthday holiday in Australia that is meant to celebrate our glorious head of state, given that…
Created
Mon, 21/04/2025 - 13:03
It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to work on a project that has an impending (very) deadline. I also did a podcast interview with the team at Macro and Cheese on the state of American this morning. So…
Created
Fri, 18/04/2025 - 08:33
Dear Readers I apologise for the lack of connectivity over the last 36 hours or so. My research centre and related WWW pages are delivered by servers that we maintain within a larger data centre in Adelaide. On Wednesday evening sometime, that centre facility had a catastrophic power failure that took down all the racks…
Created
Wed, 08/01/2025 - 13:59
Today (November 27, 2024), the Australian Bureau of Statistics (ABS) released the latest – Monthly Consumer Price Index Indicator – for November 2024, which showed that the annual underlying inflation rate, which excludes volatile items continues to fall – from 3.5 per cent to 3.2 per cent. The overall CPI rate (including the volatile items)…
Created
Sun, 29/12/2024 - 17:29
My blog is on holidays until Monday, January 6, 2025. While my blog is having a break I am catching up on various projects which I want to advance to finality in 2025. Our macroeconomics textbook will come out with a second edition in early 2026 and we are working on that now. I am…
Created
Wed, 16/10/2024 - 17:48
It’s Wednesday and as usual I am writing about a few issues rather than providing a detailed analysis of a specific issue. Today, I publish the video of Australian launch of our new book – Modern Monetary Theory: Bill and Warren’s Excellent Adventure. I also comment on the current situation in the Middle East and…