Who’d have thought the Treasury’s ‘Ways and Means’ facility at the Bank of England could cause so much excitement? The two parties have agreed a temporary extension of what is, in effect, the government’s overdraft account with the central bank. Cue great delight from advocates of printing money to pay for higher public spending, such … Continue reading No, the government still hasn’t found a ‘magic money tree’!
Category: Monetary policy
Almost all the commentary ahead of the Bank of England’s monetary policy meeting at the end of the month has focused on whether interest rates should be cut, or left on hold. In contrast, I would be itching to vote for a hike. There does at least appear to be an emerging consensus that the … Continue reading The Bank of England should be thinking of raising rates, not cutting them
Here is a presentation I gave on 9th October at a schools conference for A-level economics students, covering topics such as austerity, fiscal multipliers and quantitative easing... Schools presentation on fiscal and monetary policy 9 Oct 2019