Search Results for: inflation target

Danny Blanchflower remarked on Twitter that UK economic discourse lacked much engagement from academics. This was a follow-up to a Paul Krugman post where he disparaged UK economic discourse, and used as his metric the fact that there was a … Continue reading →

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 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 →

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 →

Paul Krugman picks up on my post about proposed legislation to get the Fed to pick a policy rule.  The legislation is being championed by John Taylor because he thinks that the reason we got into this mess was because … Continue reading →

So, ECB QE surprised a little.  60bn per month, not 50.  A re-emphasis of the determination to buy private sector assets too.  Most importantly, stressing that the purchases were open-ended, to be continued until there was a sustained improvement in … Continue reading →

Why did the SNB jettison it’s commitment to a minimum exchange rate between francs and euros? One of the stated reasons was that the Franc had weakened against the dollar, so the ‘peg’ could afford to be dropped against the … Continue reading →

Robert Peston has been basking in the unusual distinction – for a journalist – of getting a pasting from Paul Krugman, and the somewhat less unusual distinction of criticism from Simon Wren Lewis.  Simon has coined a phrase to describe … Continue reading →