Category Archives: Uncategorized

ICYMI a paragraph by me on international tax reform in an expert panel published by Prospect Magazine, also including other people who actually know about this stuff. Advertisements

Simon is a member of Jeremy Corbyn’s economic advisory team, and participating in a review commissioned by John McDonnell on the Bank of England’s mandate. So the fact that he sees fit to pose the question ‘can central banks make … Continue reading →

Here’s a link to my piece in today’s Times, written jointly with Richard Barwell of BNP Paribas.

This editorial from Bloomberg calls for the Fed ‘dot plots’ to go. It notes that the dot plot does not contain individual FOMC members’ forecasts of what they think is going to happen to rates, noting disparagingly that instead, it … Continue reading →

I read today that James Bullard is disaffected with the dot-plots, and considered pulling out of them unilaterally, reserving his dots for himself. I think this would be a mistake, for several reasons. At some level, a communication strategy has … Continue reading →

This from Rajan, Governor of India’s Reserve Bank is worth a read. It opines on the need for more monetary policy coordination, something I think is pure pie-in-the-sky, and so much so that I presume the words are there just … Continue reading →

Several times in monetary history, a government has tried to stem hyperinflation by re-denominating its currency.  Pesos become ‘New Pesos’. Naira become ‘New Naira’.  Lev become ‘New Lev’. This allows the authorities to cross off a few noughts on the … Continue reading →