Category Archives: Uncategorized

Moving the Bank of England to Birmingham won’t help monetary or financial policy

A report in the FT today reveals that Labour commissioned two consulting firms – GFC and Clearpoint – and the report is said to conclude that the BoE’s London location “leads to the regions being underweighted in policy decisions.” The … Continue reading

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Time for an opportunistic inflation

The title of this post is a play on a paper by Orhapnides [ex Governor of the central bank of Cyprus] and Wilcox, the Opportunistic Approach to Disinflation.  That paper described a policymaker that would not seek to engineer low … Continue reading

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The Superintelligence

Warning : amateur, off-topic blogging coming.  Offered in the spirit of pre-Christmas cheer. If you haven’t watched or read Nick Bostrom on the ‘Superintelligence’, you are not a self-respecting cultural omnivore. The ‘superintelligence’ is a hypothetical extreme risk to humanity … Continue reading

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Death and austerity

Simon Wren Lewis looks at a recent research paper in the BMJ conjecturing that the Coalition ‘austerity’ program led to a flattening off of the previous downward trend in mortality (and upward trend in life-expectancy), and thus induced deaths that … Continue reading

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More bits on Bitcoin

Jean Tirole opines in the FT about the social costs of crypto-currencies, prompted no doubt by the continued surge in the relative price of Bitcoin, depicted below [y axis in £]. Tirole writes: “Bitcoin’s social value is rather elusive to … Continue reading

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Brexit impact studies: the clothes of the emperor

The Government is struggling to avoid releasing the complete 58 ‘Brexit impact studies’. David Davis mentioned that these existed ‘in excruciating detail’.  It was later claimed, in a manner that the government must have realised would be taken to be … Continue reading

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The budget, the OBR, and futurology

The OBR has followed the Bank of England and downgraded its medium/long-term forecast of the growth in the productive potential of the economy.  It now thinks only 1.6% is likely.  This comes after 10 years of zero productivity growth has … Continue reading

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