Haldane on alternatives to QE, and what he missed out

Andrew Haldane, Chief Economist at the Bank of England, gave a typically well researched and thoughtful talk recently. The main subject matt...

The Bank of England goes Underground

This is a short post to celebrate an important innovation at the Bank. They now have a blog , which not only has a great name (which those w...

Mediamacro myth 4: The immediate necessity of belt tightening

In previous posts in this series ( 0 , 1 , 2 , 3 ) we have established that the large increase in the deficit in 2010 was a consequence of t...

A criticism of the IFS

Everyone agrees that the UK Institute of Fiscal Studies is great. It is perhaps best known for its commentary of macro budgetary issues, but...

Osborne's failure

I've mentioned before the coalition economics website , where the academic economists who analysed the Labour government's economic...

Sticky wages both sides of the Atlantic

At the beginning of last year, there were many who were predicting a rise in UK interest rates in 2014. By then UK unemployment had been fal...

Deflation, inflation, oil prices and asymmetries

When both headline and core inflation rose above target after the financial crisis, helped by rising oil prices, the Fed and Bank of England...

Eurozone fiscal policy - still not getting it

The impact of fiscal austerity on the Eurozone as a whole has been immense. In my recent Vox piece , I did a back of the envelope calculatio...