-
Recent Posts
- The vicious circle impeding the entry of a new currency
- Larry Summers on the passing need for central bank independence
- Agreeing a central bank communication strategy
- Do monetary policy committees present an insuperable barrier to Odyssian forward guidance?
- Has central bank independence had its day?
Recent Comments
Archives
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
Search Results for: macpherson
So, farewell then, Nick Macpherson. /You changed our constitution. /Even though. /As some said. /There wasn’t one. /Or that you didn’t.
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
Posted in Uncategorized
1 Comment
Macpherson’s constitutional reforms continue
A quick one to note this Civil Service blog by Nick Macpherson, a review of a William Keegan book, and mentioned in a Tweet recently by Danny Blanchflower. Danny picked it up to point out that this blog excuses Labour … Continue reading
Posted in Uncategorized
4 Comments
Media silence on the Nick Macpherson constitutional question
Last week the UK underwent a surprising constitutional change, and one that seems to have gone without much comment or analysis in UK media, as pointed out to me in an email from Jonathan Portes. The Treasury’s top civil servant, … Continue reading
Posted in Uncategorized
Leave a comment
The UK constitution and Nick Macpherson’s letter on a Scottish Currency Union
Yesterday [13 Feb 2014] was a big moment in the life of the UK constitution. As part of an all party media campaign to communicate that no possible future UK government would agree to a currency union with a putative … Continue reading
Posted in Uncategorized
1 Comment
Would the UK Treasury have headed off the financial crisis if the BoE had not been independent?
Probably not, it seems. Nick Macpherson was interviewed by the FT, and, amongst other things, pointed out that the financial stability team there was ‘quite small’ before the financial crisis hit, using the number 20. Alex White from the Economist … Continue reading
Posted in Uncategorized
Leave a comment
The BoE and the Brexit debate
Written in haste during a visit to South Africa, talking about fixing monetary and fiscal policy after the crisis [slides here], and recapping on recent tweets for those who don’t do Twitter. Yesterday, Carney appeared before Treasury Select Committee and … Continue reading
Posted in Uncategorized
4 Comments
The Krugtron, confidence and models
Paul Krugman, Brad DeLong, and Larry Summers have been having a debate about just why they think the Fed might have been premature in raising interest rates. The conversation surfaced a disagreement between Krugman and Summers over the legitimacy of … Continue reading
Posted in Uncategorized
13 Comments
Dutching the fudge: enlarging the OBR’s role to scrutinise manifestos
Simon Wren-Lewis calls for an extension of the remit of the Office for Budget Responsibility, (OBR), the fiscal watchdog set up by Coalition Chancellor George Osborne, echoing Giles Wilkes. The idea is to include in their services the option to … Continue reading
Posted in Uncategorized
Leave a comment
Why Civil Service Department Heads should have one eye on future governments
A document listing the desired attributes of a future leader of a Ministerial Department has caused a storm in the UK. One of its recommendations is that a candidate be able to “balance ministers’ or high-level stakeholders’ immediate needs or … Continue reading
Posted in Uncategorized
Leave a comment