PML's Macro Focus
Chief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 118 | Founded | 2 years ago | Last Issue | 6 days ago |
| Active | |||||
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BoE: Political Ravishment and Fiscal Dominance?
In 1797, James Gillray published a cartoon that coined the Bank of England’s nickname, the Old Lady of Threadneedle Street. What foresight from 300 years in the past to anticipate QE and the subjugation of monetary policy to the needs of th...
UK Productivity: The Longer Holiday Solution
Several people have asked me whether the ONS’s upward productivity revisions are good news for growth and inflation. It is an understandable question. After all, faster productivity normally means more output and weaker unit labour-cost pre...
BoE’s Weak on Inflation Monetary Policy: WIMP
The Bank of England has spent years talking tough about inflation; when it comes to acting tough, it has increasingly looked like a W.I.M.P. (Weak on Inflation Monetary Policy). The latest meeting saw a particularly graphic example. Since t...
Don’t Cry for Me, Forward Guidance
There’s been criticism of Kevin Warsh’s decision to reject the previous customary “forward guidance,” including from The Economist (8 August). It’s perfectly understandable that journalists and markets want to be spoon fed after so many yea...
Engels’ Pause 2.0?
How Workers May Not Benefit from Higher Productivity
In the Industrial Revolution, overall real wages stagnated (with falls in some important sectors) even though productivity increased: what Robert Allen called “Engels’ Pause.” Acemoglu...
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Chief economist with considerable experience in formulating, implementing and assessing macro policies and their effects on economies and markets.
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