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Philip Pilkington

Philip Pilkington is a macroeconomist and investment professional. He is the author of 鈥楾he Reformation in Economics鈥 and runs the Macrocosm substack.

By this expert

What Really Drives Long-Term Interest Rates?

Article | Apr 29, 2022

Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that 鈥渃onvictions鈥 anchor long-term interest rates

Government Deficits and Interest Rates: A Keynesian View

Paper Working Paper Series | | Apr 2022

Contrary to the neoclassical loanable funds theory, historical bond yields show Keynes was right that 鈥渃onvictions鈥 anchor long-term interest rates