Bank of England in the news – its arguments do not stack up

In recent weeks Bank of England officials have made comments which have garnered lots of attention. I want to focus on four of those because they show different aspects of the Bank of England’s views that economists usually debate without much public fanfare. But since they have gone public, it’s worth discussing them in this …

A rerun of 2008 or a ‘Storm in a Teacup’?

Global financial markets are seeing the most significant banking market-driven turmoil since 2008/9, the first bank failures in the US since Washington Mutual in 2008 and a sharp fall in bank stocks. US monetary authorities reacted quickly, injecting liquidity, and guaranteeing deposits. But bank stocks around the world are generally lower than they were before …