Monthly Archives: June 2014

Expensive talk on inclusive capitalism

On 27 May, Mark Carney, Governor of the Bank of England, gave a speech on the topic of ‘inclusive capitalism’ at a conference carrying the same name.  I can understand why he made it.  Once invited, there are risks to … Continue reading

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Slow-moving changes in equilibrium real rates could be accommodated with periodic inflation target reviews by an independent 3rd party

Many, for different reasons, have suggested that the rate at which central bank policy rates might settle will be significantly lower than the rate that prevailed on average in the pre-financial crisis period. In his parting speech as Deputy Governor … Continue reading

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