Monthly Archives: January 2015

I am early into my involvement in the job market for new PhDs as an academic, though I was involved for many years hiring as a central banker.   The two activities differ in many respects.  But the one that struck … Continue reading →

A post script to my last post. To be clear, on the substance, as to whether owner-occupation costs should be included, Andy Haldane and Mark Carney, from what I read of their reported words, seem to have it right.  Inclusive … Continue reading →

As Ben Chu reports, an ONS report by Paul Johnson has recommended that CPI be “replaced” with CPIH, which additionally includes imputations of the costs of owner-occupation.  Replying to a tweet of mine saying that the BoE would keep out … Continue reading →

What should people make of the Minutes of the Bank of England’s ‘Court’ of Directors dating back to the early phases of the financial crisis?  Was the BoE and ‘Court’ caught napping?  Not in my opinion. A few points. The … Continue reading →

I had an interesting exchange with Steve Keen last night on Twitter, about things he said on Aditya Chakrabortty’s program on the state of economics and economics teaching. On the program, Steve Keen said a number of things I contest … Continue reading →

I had 3 comments on recent posts taking me as having recommended a higher inflation target now as a cure for the current zero bound episode.  That’s not my position.  A higher inflation target would help avoid the next episode, … Continue reading →

Simon’s defence of NGDP targeting makes many good points – in contrast to what he calls the ‘faith-based’ argumentation of the market monetarists – and this blog responds to some of them. He rightly challenges the emphasis I place on … Continue reading →