The Trivialisation of Fiscal Policy

The Trivialisation of Fiscal Policy

As the government and press celebrate a ‘record budget surplus’, PEF Council member John Weeks writes about the folly of this reaction and the widespread misunderstanding of the aims and workings of fiscal policy. Earlier this week, I wrote about the...
The Trivialisation of Monetary Policy

The Trivialisation of Monetary Policy

“The periodic interest rate announcements so avidly reported by the media obscure and may even undermine the serious work that the Bank of England should be doing.” PEF Council member Prof John Weeks argues for a new approach to monetary policy. In early...
Latest GDP figures: the PEF Council reacts

Latest GDP figures: the PEF Council reacts

Today (10 August) the ONS released its first estimates of GDP growth in April-June 2018. Here, the PEF Council react to the figures and tell us what they mean for the UK economy.   John Weeks: “austerity in real time”. Every three months the Office for...