It’s hard to add much to the debate over whether or not the Bank of England (BoE) should cut its key interest rate, currently just 0.1%, below zero. The case against negative interest rates has been well made by David Smith and Liam Halligan, among many others, including MPC veterans such as Andrew Sentance. But … Continue reading Is there any case for negative interest rates?
Here’s a presentation I gave on 19th October (to A-level economics and business students) on fiscal and monetary policies in the UK, covering topics such as the impact of Covid on the public finances, whether taxes will have to rise to pay for it, whether the BoE should ease further, the pros and cons of … Continue reading Fiscal and monetary policies in a time of Covid
Here's a schools presentation I gave on 14th October (to A-level economics students) on the UK's 'productivity puzzle', with bonus Q&A on the gig economy, a four-day working week, and the short- and long-term impacts of coronavirus... schools-presentation-on-productivity-october-2020Download
If you are trying to predict the outlook for unemployment it is, of course, essential to get the starting point right. This blog therefore runs through the latest available official data and employment surveys. A follow-up piece will outline my own forecasts. The pandemic has raised question marks over all the usual measures of unemployment … Continue reading A quick dive into the UK labour market data