Monthly Archives: August 2015

ICYMI Paul Levine and I are organising an anti-pro-Corbynomics letter

In case you missed it, I’m organising, with Paul Levine at Surrey, a letter to express the anti-Corbyn view, to counter the misleading impression given by the ‘letter of 41’ published in the Guardian.  If you are a practising economist … Continue reading

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No need to show the wrong sort of spine over raising rates

I was alerted by Matt O Brien on Twitter that some [see, for example this NY Times op-ed] are arguing that the Fed and other central banks, who had prefigured an imminent first hike in rates in their speeches, should … Continue reading

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Lower terminal central bank rates doesn’t mean it will be time for PQE.

That’s the conclusion of Richard Murphy’s latest blog.  He has latched onto the latest of dozens of speeches by central bankers pointing out that for one reason or another, they don’t expect the resting point of central bank rates to … Continue reading

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Paul Levine on the 41 claiming Corbynomics is ‘mainstream’

I’ve been organising an anti-the-41 letter, which has been going slowly, the score currently 41-29.  In the course of that I corresponded with Paul Levine, a Professor specialising in macro at the University of Surrey. Paul is a founder member … Continue reading

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Tsipras being decisive, not irresponsible?

Put as a question as I can’t claim to know enough to be sure.  But some are castigating Tsipras for being irresponsible and subjecting Greece to unwanted and unnecessary uncertainty so soon after concluding the 3rd bail-out agreement, and receiving … Continue reading

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The next research economist advising traders to get onto the MPC should serve gardening leave beforehand

This suggestion was put to me by an old friend, and it seemed right.  To explain: Jan Vlieghe – who I think is a great hire for the MPC – is shortly to start voting on the MPC, following his … Continue reading

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Infinitely short and not variable

Here’s a recent restatement by James Alexander, at Marcus Nunes’ blog, of one of the tenets of market monetarism.  That monetary policy – via financial markets – has its effects instantaneously, always, and that the ‘long and variable lags’ commented … Continue reading

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Should Mark Carney be weighing in over Corbynomics?

In the past, I’ve written that Carney and other senior BoE officials have been speaking out of turn, on subjects like ‘inclusive capitalism’, the economics of volunteering, and whether we have the right model of corporate governance.  The complaints were … Continue reading

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Corbynistas need reminding what central bank independence is and why it’s good

These points will be old hat to economics cognoscenti, but they need repeating because of how the debate about ‘Corbynomics’ has been conducted. I’ll single out Richard Murphy, Corbybn’s economics advisor, as an example, citing points he made in his … Continue reading

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Reading list from Twitter

An excuse for a blog post, but one of the things I like most about Twitter is how it’s showered me with great reading recommendations I would never have come across otherwise.  In case any of you have not read … Continue reading

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