The Great Debate UK

from Anatole Kaletsky:

Britain’s two cheers for Carney

By Anatole Kaletsky
November 29, 2012

When Mark Carney, the respected head of Canada’s central bank, was appointed on Monday to the even more august position of governor of the Bank of England, Britain’s reaction was a characteristic blend of self-deprecation and smugness.

from Anatole Kaletsky:

Is a revolution in economic thinking under way?

By Anatole Kaletsky
October 25, 2012

Four years after the start of the Great Recession, the global economy has not recovered, voters are losing patience and governments around the world are falling like ninepins. This is a situation conducive to revolutionary thinking, if not yet in politics, then maybe in economics.

from MacroScope:

There be feudin’ at the BoE

February 28, 2012

The once-good relationship between Bank of England Governor Mervyn King and his most likely successor, Deputy Governor Paul Tucker, is coming  under increasing strain, according to a new book by former Daily Telegraph journalist Dan Conaghan.  It  alleges   King’s management style and and alleged disdain for the financial markets is to blame.

from James Saft:

Britain eats (leverages) its young

November 22, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

Four years, several failed banks and at least one global recession later, Britain has finally discovered what its young people need: 19-1 leverage.

Salvation through inflation: The British way out

October 18, 2011

By Laurence Copeland. The opinions expressed are his own.

Accusing policymakers of acting out of sheer desperation is a pretty standard jibe by critics trying to put them off their stride.

No excuse for inaction – BoE’s Adam Posen

By Guest Contributor
August 31, 2011

By Adam Posen. The opinions expressed are his own.

It is past time for monetary policy to be doing more to support recovery. The Jackson Hole conference has come and gone, and no shortage of excuses was provided for central banks to hold their fire — even though most economists acknowledged the grim outlook for the advanced economies.

Two very different inflation problems

February 21, 2011

-Kathleen Brooks is research director at forex.com. The opinions expressed are her own.-

Interest rate decision day: no news is bad news

February 11, 2011

-Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own.-

from MacroScope:

The perils of predicting BoE policy

February 8, 2011

BRITAIN/As we’ve noted extensively, economists often get it wrong. Leaving aside their collective failure to recognise an impending global recession, you might recall a shock interest rate hike from the Bank of England in January 2007.

Are interest rates set to rise?

February 8, 2011

USA/Whenever he approaches a bend, an F1 driver has to make a fine judgment: brake too soon and he loses vital momentum, too late and he risks losing control altogether, with possibly fatal consequences.