John Barrdear
@johnbarrdear.bsky.social
I'm an economist. I work at the Bank of England, where I think about monetary policy and forecasting. All opinions, especially stupid ones, are my own.
Is that the bullet point?
May 24, 2025 at 4:55 PM
Is that the bullet point?
But the 2nd paper I linked is a little different. It supposes (as a primitive) that the policymaker tries to avoid bond market volatility. Here's a PDF:
scholar.harvard.edu/files/stein/...
scholar.harvard.edu/files/stein/...
scholar.harvard.edu
May 12, 2025 at 7:59 PM
But the 2nd paper I linked is a little different. It supposes (as a primitive) that the policymaker tries to avoid bond market volatility. Here's a PDF:
scholar.harvard.edu/files/stein/...
scholar.harvard.edu/files/stein/...
That is Woodford's suggestion, yes.
May 12, 2025 at 7:58 PM
That is Woodford's suggestion, yes.
This is another fun one on the same question (albeit with a different answer!): www.jstor.org/stable/26654...
The Fed, the Bond Market, and Gradualism in Monetary Policy on JSTOR
JEREMY C. STEIN, ADI SUNDERAM, The Fed, the Bond Market, and Gradualism in Monetary Policy, The Journal of Finance, Vol. 73, No. 3 (June 2018), pp. 1015-1060
www.jstor.org
May 12, 2025 at 7:53 PM
This is another fun one on the same question (albeit with a different answer!): www.jstor.org/stable/26654...
Yeah, but it's being distributed by a bloody Australian!
April 10, 2025 at 3:24 PM
Yeah, but it's being distributed by a bloody Australian!
I’m not sure I understand you here. Even the simplest Cobb-Douglas production function has K in it along with A and L, and the rate of investment in the UK has been sluggish (at best) for many years now.
January 30, 2025 at 9:12 AM
I’m not sure I understand you here. Even the simplest Cobb-Douglas production function has K in it along with A and L, and the rate of investment in the UK has been sluggish (at best) for many years now.
I lean towards Andy’s views. I think that philosophising about whether Trump should be taken literally, seriously, neither or both is largely pointless. He should be taken at his word when talking about policy, but it should also be acknowledged that he’s open to change: everything is negotiable.
January 22, 2025 at 1:44 PM
I lean towards Andy’s views. I think that philosophising about whether Trump should be taken literally, seriously, neither or both is largely pointless. He should be taken at his word when talking about policy, but it should also be acknowledged that he’s open to change: everything is negotiable.
I particularly like the idea of local councils getting to retain any increase in business rates collected from large new investments in their areas to help align incentives.
January 22, 2025 at 1:35 PM
I particularly like the idea of local councils getting to retain any increase in business rates collected from large new investments in their areas to help align incentives.