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There’s nothing left-wing about a higher inflation target, Chunomics

There’s nothing left-wing about a higher inflation target

There’s nothing especially political about it. It’s a hard-nosed calculation that weighs up the costs of higher average inflation on the one hand, against the benefits of more stable inflation and real activity on the other.

By | Chunomics, Eagle Eye | Wednesday, 4 March 2015 at 1:53 pm

Magical thinking now dominates our politics, Chunomics

Magical thinking now dominates our politics

UKIP, the SNP and the Greens cut through all the complexity and noise. They say quite simple things, in straightforward ways. They’re clear. They’re economical. They’re succinct – and they look like they mean it.

By | Chunomics, Eagle Eye | Thursday, 19 February 2015 at 3:48 pm

Sir Howard Davies: the full transcript, Chunomics

Sir Howard Davies: the full transcript

* Many bankers are still overpaid
* The Chancellor’s Help to Buy subsidies are not a good idea
* Banks should not be broken up
* Narrow banking (ordinary deposits all backed by ultra-safe government bond) would be “too risky”
* Higher equity buffers for banks will result in less credit for the real economy

By | Chunomics, Eagle Eye | Wednesday, 18 February 2015 at 12:50 pm

Nicola Sturgeon – with fiscal friends like these…., Chunomics

Nicola Sturgeon – with fiscal friends like these….

A policy that goes in the right direction risks being branded economically illiterate or dishonest by association.

By | Chunomics, Eagle Eye | Friday, 13 February 2015 at 11:44 am

What is really happening to average pay?, Chunomics

What is really happening to average pay?

People in continuous employment always see pay rise faster than all employees and this is neither surprising nor new.

By | Chunomics, Eagle Eye | Tuesday, 10 February 2015 at 4:05 pm

No victory lap for George Osborne, Chunomics

No victory lap for George Osborne

Yes, the UK economy has recovered. But the evidence of high fiscal multipliers when interest rates are low and trading partners are also retrenching suggests it would have done better since 2010 without the Chancellor’s front-loaded tax hikes and capital spending cuts.

By | Chunomics, Eagle Eye | Wednesday, 14 January 2015 at 7:52 pm

A question for Danny Alexander, Chunomics

A question for Danny Alexander

If you object to more cuts “after the books are balanced” why did you not refuse to sign up for budget surpluses in 2018-19 and 2019-20?

By | Chunomics, Eagle Eye | Monday, 12 January 2015 at 12:26 pm

George Osborne’s £63bn borrowing blowout?, Chunomics

George Osborne’s £63bn borrowing blowout?

What if the surplus was only 0.7% of GDP, rather than 1%, as the Tories’ rhetoric now seems to suggest? A simple extrapolation, using the Treasury’s calculations, suggests public debt would be £63bn higher in 2035-36.

By | Chunomics, Eagle Eye | Friday, 9 January 2015 at 1:12 pm

Why we’re still feeling the economic pain despite the recovery, Chunomics

Why we’re still feeling the economic pain despite the recovery

Here’s why, despite the fact that the economy is growing relatively strongly and the cost of living is falling, many people still feel worse off than they did six years ago.

By | Chunomics, Eagle Eye | Tuesday, 23 December 2014 at 4:54 pm

Labour’s cuts really would be less deep, Chunomics

Labour’s cuts really would be less deep

Disregard the conventional wisdom. The Coalition’s penciled-in plans entail considerably more austerity than Labour’s do.

By | Chunomics, Eagle Eye | Monday, 22 December 2014 at 1:47 pm

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