At the next Monetary Policy Committee vote, most are expecting Martin Weale and Ian McCafferty to vote for a 0.25pp rise in interest rates. They have been voting for just this since August. The curious thing, if you look at … Continue reading
Had a great lunch with an economist friend who alerted me to something that is obvious, but I had not thought of, and who then explained it wonderfully. (And then returned to find Twitter full of it too.) That there … Continue reading
Pontus Rendahl, a rising star in macroeconomics at Cambridge, makes a revealing comment on my previous post about Aditya Chakrabortty’s idiotic and ill-informed Radio 4 program on economics. I’ll quote it full here: I was approached, not by BBC, but … Continue reading
Robert Peston has been basking in the unusual distinction – for a journalist – of getting a pasting from Paul Krugman, and the somewhat less unusual distinction of criticism from Simon Wren Lewis. Simon has coined a phrase to describe … Continue reading
Paul Krugman and Ambrose Evans-Pritchard have been jousting on the question of whether the central bank can create inflation at the zero bound or not. I don’t think either of them have teased out all the subtleties, and, partly as … Continue reading
What a day for BoE watchers, and particularly for ex-BoE people like myself. At Treasury Committee in March this year, perhaps prompted by media coverage [eg this and this by Mike Bird, and this by Chris Giles] of the revelation … Continue reading
This morning [4/12] on BBC Radio 4’s Today program, George Osborne lashed out at the BBC’s coverage of the budget labelling it ‘hyperbolic’. This is a pretty low tactic, and also substantively wrong. All the BBC were doing is pointing … Continue reading
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