Oliver Bush
@ophbush.bsky.social
Macro history, BoE, LSE. Correlation between my views and my employer's may be less than one
Reposted by Oliver Bush
Constructing a new dataset of FOMC meeting transcripts from 1966 to 1990 to analyze the sources of heterogeneity in individual monetary policy preferences and how this heterogeneity shapes policy, from Howes, Dordal i Carreras, Coibion, and @ygorodnichenko.bsky.social www.nber.org/papers/w34632
January 8, 2026 at 8:02 PM
Constructing a new dataset of FOMC meeting transcripts from 1966 to 1990 to analyze the sources of heterogeneity in individual monetary policy preferences and how this heterogeneity shapes policy, from Howes, Dordal i Carreras, Coibion, and @ygorodnichenko.bsky.social www.nber.org/papers/w34632
Excellent panel session on the Future of the Fed at the ASSA annual meetings: www.aeaweb.org/webcasts/202...
Future of the Fed
www.aeaweb.org
January 6, 2026 at 3:07 PM
Excellent panel session on the Future of the Fed at the ASSA annual meetings: www.aeaweb.org/webcasts/202...
Reposted by Oliver Bush
If it’s 8:00 am on Sunday, it must be time for macroeconomic policies, starting with Frank Smets (now BIS, formerly @ecb.europa.eu )
#ASSA2026
Pretty decent turnout
#ASSA2026
Pretty decent turnout
January 4, 2026 at 1:05 PM
If it’s 8:00 am on Sunday, it must be time for macroeconomic policies, starting with Frank Smets (now BIS, formerly @ecb.europa.eu )
#ASSA2026
Pretty decent turnout
#ASSA2026
Pretty decent turnout
Reposted by Oliver Bush
Providing a detailed account of the Great Inflation in the United Kingdom from 1961 to 1997, from Michael D. Bordo, Oliver Bush, and Ryland Thomas www.nber.org/papers/w34363
October 18, 2025 at 5:03 PM
Providing a detailed account of the Great Inflation in the United Kingdom from 1961 to 1997, from Michael D. Bordo, Oliver Bush, and Ryland Thomas www.nber.org/papers/w34363
Reposted by Oliver Bush
From Breakingviews - Breakingviews - Inflation targets are no match for fiscal neglect reut.rs/4nYS6pw
Breakingviews - Inflation targets are no match for fiscal neglect
Monetary authorities are under pressure for failing to keep prices in check. However, past success owed much to governments managing debt. Now that politicians are struggling to control public borrowing, even the most skilful central bankers will struggle to hit their goals.
reut.rs
October 17, 2025 at 1:01 AM
From Breakingviews - Breakingviews - Inflation targets are no match for fiscal neglect reut.rs/4nYS6pw
Reposted by Oliver Bush
UK CPI inflation in 1975 reached 25%, a period known as the 'Great Inflation'. Michael Bordo shows it was fiscal reforms that played a key role in ending the Great Inflation, highlighting the importance of the fiscal regime for inflation & effective monetary policy.
cepr.org/voxeu/column...
#EconSky
cepr.org/voxeu/column...
#EconSky
September 23, 2025 at 7:41 AM
UK CPI inflation in 1975 reached 25%, a period known as the 'Great Inflation'. Michael Bordo shows it was fiscal reforms that played a key role in ending the Great Inflation, highlighting the importance of the fiscal regime for inflation & effective monetary policy.
cepr.org/voxeu/column...
#EconSky
cepr.org/voxeu/column...
#EconSky
Reposted by Oliver Bush
Fiscal policy was at the heart of many of the UK's problems during the Great Inflation; instead of being used to stabilize the public finances, it was used for political ends, from Michael D. Bordo, Oliver Bush, and Ryland Thomas https://www.nber.org/papers/w34063
July 28, 2025 at 4:00 PM
Fiscal policy was at the heart of many of the UK's problems during the Great Inflation; instead of being used to stabilize the public finances, it was used for political ends, from Michael D. Bordo, Oliver Bush, and Ryland Thomas https://www.nber.org/papers/w34063
New work challenging the consensus account of the Great Inflation in the UK (it was mainly down to bad monetary policy)...
Staff Working Paper 1135 by Michael Bordo (Rutgers), Oliver Bush (BoE) & Ryland Thomas (BoE) reconsiders the historical & empirical record of inflation in the UK to determine the underlying causes of the Great Inflation of the 1960s & 1970s.
🔗 www.bankofengland.co.uk/working-pape...
🔗 www.bankofengland.co.uk/working-pape...
'Muddling through or tunnelling through?’ UK monetary and fiscal exceptionalism and the Great Inflation
Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.
www.bankofengland.co.uk
July 18, 2025 at 2:56 PM
New work challenging the consensus account of the Great Inflation in the UK (it was mainly down to bad monetary policy)...
Reposted by Oliver Bush
This makes Schacht's infamous Mefo scheme look almost conservative - who would have thought?
That said, the new scheme might be the best available solution. But financial risks are 'yuge'.
Germany unification emitting strong vibes, too. That one didn't end v well.
That said, the new scheme might be the best available solution. But financial risks are 'yuge'.
Germany unification emitting strong vibes, too. That one didn't end v well.
March 5, 2025 at 7:58 AM
This makes Schacht's infamous Mefo scheme look almost conservative - who would have thought?
That said, the new scheme might be the best available solution. But financial risks are 'yuge'.
Germany unification emitting strong vibes, too. That one didn't end v well.
That said, the new scheme might be the best available solution. But financial risks are 'yuge'.
Germany unification emitting strong vibes, too. That one didn't end v well.