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Mark Carney’s tiny step in the right direction
I have an oped in UK’s City AM on Bank of England’s new forward guidance regime. Yes, I am disappointed… ALMOST everyone will be disappointed by governor Mark Carney’s announcement yesterday. Those...
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It is time to stop worrying about austerity – also in the UK
I have a piece in City AM today on the impact of fiscal austerity in the UK: FIVE years ago, nearly every macroeconomist agreed that central banks determined aggregate demand (total spending in the...
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Rules vs central bank superheros
I have a new piece in today’s City AM on central bankers as (pretend) superheros versus rules based monetary policy: LARRY Summers is out of the race to succeed Ben Bernanke as Fed chair. After months...
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