China: something must burst
“I know from a common sense financial standpoint that something has to burst. When a country is losing billions and billions and billions of…
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Central Bankers Are All ‘Corbynistas’ Now
Published in the Wall Street Journal yesterday from John Phelan, “Central Bankers Are All ‘Corbynistas’ Now”: Source: http://www.wsj.com/articles/central-bankers-are-all-corbynistas-now-1470858620 When Britain’s Labour Party leader Jeremy…
Read MoreEconomics & International Studies Seminar: John Phelan
14 October 2015 16:15 – 18:00 John Phelan, Capital Economics “The Road Not Taken – The Hard ECU; Britain’s Alternative to the Euro” In 2009…
Read MoreMoney derivative creation in the modern economy
It isn’t often that a Bank of England Quarterly Bulletin starts “A revolution in how we understand economic policy” but, according to some, that…
Read MoreDo we have easy money?
This week marked the fifth anniversary of the 0.5% Bank of England base rate and the Bank of England’s Quantitative Easing program which has…
Read MoreScotland’s currency options
An article for the Wall Street Journal … Last week the U.K.’s Conservative, Labour and Liberal Democrat parties got together to administer a Flodden-style…
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Britain’s inflationary outlook
I’ve recently written for Save Our Savers attempting to square the massive expansion of Britain’s monetary base since March 2009 with the fact that…
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The economics of the minimum wage
Minimum wages are a popular topic. Barack Obama proposes a nearly 40% increase from $7.25 per hour to $10.10 and David Cameron has faced…
Read MoreEconomics – orthodox and heterodox
In 2008 as The Great Moderation came to an end, Queen Elizabeth II asked Mervyn King “Why did no-one see this coming?” Her Majesty…
Read MoreOutput gaps and heterogeneity
What shape is the Short Run Aggregate Supply (SRAS) curve? The question might sound tediously esoteric but it is, in fact, central to current…
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