Category Archives: Uncategorized

This speech is an interesting overview of the difficulty that faces monetary policy mandate designers in this era of low equilibrium real interest rates. AGH tilts towards reforming monetary institutions to allow for substantially negative interest rates, rejecting permanent use … Continue reading →

A quick comment on this thoughtful post by the great JP Koning, whose posts on monetary econ and finance have become regular reading for me since I found him on the internet. JP makes the point that the possibility that … Continue reading →

Here Richard Murphy points out that a rise in Bank Rate would lead to a rise in margins.  This is a fair argument. Indeed, the main reason why MPC decided not to cut rates closer to the zero floor in … Continue reading →

Strangely, for many people, that title qualifies as clickbait. It’s actually the title used by this paper, and has attracted quite a bit of attention in the popular econ media, eg on Twitter, appearing in my timeline several times.  Partly … Continue reading →

One of our objections to Corbynomics was the plan for renationalisations.  We asserted in our letter that this consumed fiscal space.  What was meant by that was that the cost of finance for governments, after a certain point, will depend … Continue reading →

Here’s the letter, organized by Paul Levine and myself, to appear in the FT tomorrow, and here’s Chris Giles’ story about the letter. Thanks to those who signed, [dubbed by Danny Blanchflower ‘mindless theorists and right wing nut-jobs’], and the … Continue reading →

In case you missed it, I’m organising, with Paul Levine at Surrey, a letter to express the anti-Corbyn view, to counter the misleading impression given by the ‘letter of 41’ published in the Guardian.  If you are a practising economist … Continue reading →