10 years after – and nothing has changed.
The following is an interview with Yena Yoon – a financial journalist with Chosen Ilbo “the largest newspaper in South Korea” conducted on 12 February, 2018, but still relevant.
The following is an interview with Yena Yoon – a financial journalist with Chosen Ilbo “the largest newspaper in South Korea” conducted on 12 February, 2018, but still relevant.
Introduction “Deficit financing” in contemporary economics is controversial – largely because of flawed economic approaches to a sovereign nation’s public finances. The first is the microeconomic approach that treats government budget deficits in much the same way as household deficits. In other words, the assumption that like a household, a government budget deficit is the consequence …
‘Deficit Financing’ or Deficit-Reduction Financing? Read More »
That was the question put to me by Ruth Potts, then editor of Red Pepper magazine. My reply was published in the 17 September, 2018 edition of the magazine – Creating the Future. If such an implausible appointment were ever to be made by a Labour Chancellor, I would regard my appointment as Governor of …
What would you do – if appointed as governor of the Bank of England? Read More »
The BoE’s decision to raise the Bank Rate to 0.75% is a mistake. It is a mistake comparable to those made by Alan Greenspan’s Federal Reserve in the years between 2003 and 2006. It is a mistake that must be understood in a wider context. Not just the political context – which promotes ‘monetary radicalism …
What Is Wrong with the Bank of England’s Decision Today? Read More »
I wrote this post on the 21st April, 2018, for PRIME. “There are a significant number of households that are in so deep that the slightest sign of rough weather could see them in over their heads,” said Jonathan Davidson, one of the FCA’s directors of supervision. Given these imbalances, the biggest danger facing the …
Why the Bank of England Should Not Raise the Bank Rate Read More »
On the 15th April, this year, I visited New Zealand at the invitation of the Institute of Directors, to address 600 CEOs at their annual meeting. This is an interview given to the journalist Rob Stock in which he asked about the possibility of another financial crisis. “Ann Pettifor predicted the global financial crisis, and …
Interview with New Zealand’s Biggest Business Website – STUFF Read More »
The Financial Times asked economists the following: How far will the Bank of England raise interest rates next year? Do you think they should? PRIME economists responded in this way: We think much will depend on the Federal Reserve and the ECB. The BoE will follow both, but will have time to assess the impact …
Will the Bank of England Raise Interest Rates in 2018? Read More »
This week I appeared on Newsnight with Gillian Tett of the FT and Louise Cooper of BGC Partners. We discussed our graphs of 2011 (see mine below) and wider questions around the global financial crisis this year – and how ecnomists and policy makers need to respond. Watch the show on iPlayer for the next …
Newsnight – economists discuss the ‘graphs of 2011’ Read More »
Last week I gave a talk in Brussels at a debate moderated by Pierre Defraigne, Executive Director of the Madariaga – College of Europe Foundation. It was A Citizen’s Controversy with Lars Feld, Professor of Economic Policy at the University of Freiburg and Member of the German Council of Economic Experts. Below is my slideshow …
Reining in Public Debts or Challenging Democracies? Read More »
While I was in Australia I recorded this interview with ABC’s daily show. This went out on 15th September. Watch it above or on ABC’s website here >