Archive

Tag: Monetary policy

Fiscal Deficit and Public Debt too Large?

As Britain enters a severe recession that will lead to large fiscal deficits and growing public debt, a question presents itself — when are deficits and debt too large?

Debt Monetization and Inflation Ideology

Market economies tend to generate unemployment not full employment. Real economies produce many goods and services with quite different process of price determination. Governments and central banks at most influence not determine money in circulation. Inflation is not the result of too much money. That is its consequence.

The Monetarist fantasy is over

Robert Skidelsky argues the ousting of Chancellor of the Exchequer Sajid Javid points toward a broader global shift in economic policy.

Can the Bank of England do it?

Professor Jan Toporowski and Dr Jo Michell introduce their new paper for PEF, examining the scope and operations of the Bank of England’s monetary policy.

pennies

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.”

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