Category Archives: Uncategorized

I was alerted by Matt O Brien on Twitter that some [see, for example this NY Times op-ed] are arguing that the Fed and other central banks, who had prefigured an imminent first hike in rates in their speeches, should … Continue reading →

That’s the conclusion of Richard Murphy’s latest blog.  He has latched onto the latest of dozens of speeches by central bankers pointing out that for one reason or another, they don’t expect the resting point of central bank rates to … Continue reading →

I’ve been organising an anti-the-41 letter, which has been going slowly, the score currently 41-29.  In the course of that I corresponded with Paul Levine, a Professor specialising in macro at the University of Surrey. Paul is a founder member … Continue reading →

Put as a question as I can’t claim to know enough to be sure.  But some are castigating Tsipras for being irresponsible and subjecting Greece to unwanted and unnecessary uncertainty so soon after concluding the 3rd bail-out agreement, and receiving … Continue reading →

This suggestion was put to me by an old friend, and it seemed right.  To explain: Jan Vlieghe – who I think is a great hire for the MPC – is shortly to start voting on the MPC, following his … Continue reading →

Here’s a recent restatement by James Alexander, at Marcus Nunes’ blog, of one of the tenets of market monetarism.  That monetary policy – via financial markets – has its effects instantaneously, always, and that the ‘long and variable lags’ commented … Continue reading →

In the past, I’ve written that Carney and other senior BoE officials have been speaking out of turn, on subjects like ‘inclusive capitalism’, the economics of volunteering, and whether we have the right model of corporate governance.  The complaints were … Continue reading →