The Conversation

The next card Yanis Varoufakis will play

Author: The Conversation

Playing with fire?Michael Kappeler/EPA/AAP

Decades ago, before Yanis Varoufakis became the rock-star finance minister of Greece, he and I developed some game-theoretic models of macroeconomics.

The gist of the work was this: for monetary authorities eager to preserve their autonomy, an unequivocally good reputation for relations with the government...

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