Category Archives: Uncategorized

I’ve accepted a post as Prof of Economics at Birmingham, where I’ll join in the Summer.

Carney and McCafferty delivered a one-two on monetary policy and oil prices.  Both get it wrong in my opinion, but, in diffent ways.  [Remember Tolstoy’s Ana Karenina:  ‘all good economic arguments are alike.  Each bad one is bad in a … Continue reading →

A tired pun, in service of a continued campaign on this blog for increased transparency in central banking.  Or rather at the Bank of England in particular. Previous rants have focused on the fact that the BoE does not yet … Continue reading →

One memory of my final years at the Bank of England is that every two or three months we were commissioned new pieces of work on QE exit strategies, each time prompting ‘here we go again’ thoughts as the staff … Continue reading →

A post from me on this topic that appeared on Ben Chu’s ‘Chunomics’ blog at the Independent.

A rather forced pun to begin this waiting-room queue blog. But post hoc ergo propter hoc refers to the fallacy of concluding that since after all A we observed B, A must have caused B. This is a summary of … Continue reading →

Andrew Sentance’s FT comment column this weekend needs a reply.   So much that it’s worth running the risk that this blog starts to be seen as the Andrew Sentance rebuttal unit. One thing Andrew says is: “By acting as instruments … Continue reading →

One of the tenets of market monetarism is that acivist fiscal policy is a waste of time, since monetary policy can do all the stabilisation that’s needed.  On Twitter last night Joe Wiesenthal at Bloomberg wondered what MaMos would think … Continue reading →

There’s lots to find encouraging about today’s One Bank Research Agenda Launch Party.  [Caveat:  my recovering kidney meant I could not sit for very long on the mis-shaped BoE conference centre chairs and had to bail out of most of … Continue reading →

This post is all speculation and stereotype, but I think worthwhile passing on as it’s the sort of thing often talked about on the academic conference circuit.  It recaps on a bunch of tweets sent Thursday 18. The starting point … Continue reading →