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piqer for: Boom and bust Global finds
German economist with a sense of humor, not just relative to accountants. Chief economist at the London-based Centre for European Reform (CER), recently brexited to Berlin. Former fellow at The Economist, economics PhD at Stockholm University in Sweden. Christian covers European economics and integration and has, as a former Londoner, a pathological interest in the economics of real estate.
Australia Is Basically Recession-Proof
This is a good explainer text by Matt O'Brien at the Wonkblog about a complicated yet very important topic. Australia did not have a recession for 25 years. That is a long time and, as he argues, there are two reasons: China, and the smarter (or should we say less orthodox) conduct of monetary policy.
Monetary policy is the prime recession-fighting tool in a government's toolbox. When interest rates hit zero, it becomes a bit more difficult, and the central bank gets into all kinds of political trouble. This is where the pragmatic Australians come in: they just keep interest rates away from zero.
How? It takes Matt the whole text to explain this, but it is reasonably short and very well-written.
