Your English writing platform
Discover LudwigExact(2)
I am skeptical that saving face is possible for a country facing bankruptcy.It is difficult to make the case for an EMF or any other "regional IMF" on broad-based "macroeconomic" grounds.
Economist Dean Baker does a nice job taking Irwin apart on standard macroeconomic grounds.
Similar(58)
Asians and Europeans would be required to implement expansionary policies grounded in stronger macroeconomic fundamentals.
This is even true of shale oil which takes a lot of water and sand to get out of the ground.There are plenty of thought-provoking points in the book which gives the general reader a very good grounding in the current macroeconomic debate - in a wonderfully calm and rational tone that gives credit to Robert Lucas as well as John Maynard Keynes.
Although the basic concepts are grounded in economic theory, the values of macroeconomic data are sensitive to the conventions adopted with regard to the range of economic activities covered.
A quick-and-dirty jobs program would also have given hard-pressed Americans tangible grounds for optimism, which can matter more than macroeconomic numbers in awakening the confidence that economists say is crucial to a recovery.
"We're working very hard towards that and we have no doubt that Europe will find a way of creating common ground between the previous program -- that many of our partners insist upon, simply because it's there, there's a certain inertia -- and the new facts on the ground, our government's priorities, the demands of the macroeconomic reality that we're facing".
Using Mr Clarke's forecasts, some economists argued for tax increases, but this was on grounds of prudence putting some money aside for a rainy day and a tighter macroeconomic policy, not necessity.
They also protested on economic grounds, saying that the author, Thomas L. Hungerford, was looking for a macroeconomic response to tax cuts within the first year of the policy change without sufficiently taking into account the time lag of economic policies.
Some Labour leadership candidates are urging the party also to look at the overall macroeconomic decisions and the extent to which the chancellor has moved on to Labour ground by delaying the speed with which the deficit will be cut, pointing out that the new timetable is not sharply different from what Ed Balls had proposed in the general election.
But the discipline's failure to predict the financial crisis has made the ground especially fertile for a rethink.Critics tend to agree on what is wrong with current macroeconomic forecasting.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com