Monthly Archives: February 2016

So, farewell then, Nick Macpherson. /You changed our constitution. /Even though. /As some said. /There wasn’t one. /Or that you didn’t.

Posted on February 7, 2016 by

Nick Macpherson, of course, isn’t dead. But EJ Thribb of Private Eye might well have written something like that about his latest speech, of which there cannot yet remain many more in his capacity as Permanent Secretary to the Treasury, … Continue reading →

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On loosening by yield curve talking and cutting rates

Posted on February 5, 2016 by

Since Mark Carney took over the Governorship of the Bank of England in July 2013, expectations of the first hike in rates from 0.5 have been pushed further and further back. Accommodating this – with a few hiccoughs along the … Continue reading →

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You can’t have your helicopter money cake and eat high interest rates, Adair

Posted on February 2, 2016 by

Prompted by Adair Turner in an exchange on Twitter, I read this paper of his delivered to the IMF.  The paper is one to set current and former central bank pulses racing. It’s a measure of how far the crisis … Continue reading →

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