Author Archives: Tony Yates

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 →

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 →

One of the reasons I am against using helicopter money as a counter-cyclical monetary policy tool is that, once society gets a taste for it used in these circumstances, there will be pressure to use it for acyclical purposes, financing … Continue reading →

That was the summing up of Moyeen Islam on Twitter, and I thought he captured the event neatly. To explain what he meant:  The Governor’s Lincoln speech, in which he said that the decision about whether to raise rates would … Continue reading →

A quick post to tease out more clearly the issue of whether or not Corbyn’s proposed ‘People’s QE’ would be inflationary or not. The reason it would be is because it sets a precedent for using money creation to finance … Continue reading →

The chatosphere seemed ablaze today about UK Labour Party leadership contender Jeremy Corbyn’s plans for a ‘People’s QE’.  Richard Murphy was reported as being on World At One defending it, based on its resemblance, I presume, to a ‘green QE’ … Continue reading →

Simon Wren Lewis writes thoughtfully about my post arguing that Andrew Haldane should keep his views on matters outside the BoE’s remit to himself.  It’s socially wasteful to clip the wings of visionary thinkers, he points out. However, a few … Continue reading →