Friday , May 29 2020
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New Statesman post on Mark Carney’s tenure

Summary:
I laboured over this piece.  It was hard to cover all the ground, much of it technical, in a way that would interest anyone.  And I had to write it over and over to purge it of the sourness that can seep in from an ex central banker with no role other than to peer in and throw stones.  I probably did not get all the way to doing that.  Anyway, no-one cares any more about it, as the pandemic has swept such small details as ‘how should you communicate monetary policy’ and ‘what precisely are the subject bounds within which central bankers should confine their public oratory’ away as we focus on how to prevent the modern mixed economy and monetary system from collapsing entirely.  However, if you want to try to transport yourself away from the pandemic and back into that old mindset,

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I laboured over this piece.  It was hard to cover all the ground, much of it technical, in a way that would interest anyone.  And I had to write it over and over to purge it of the sourness that can seep in from an ex central banker with no role other than to peer in and throw stones.  I probably did not get all the way to doing that.  Anyway, no-one cares any more about it, as the pandemic has swept such small details as ‘how should you communicate monetary policy’ and ‘what precisely are the subject bounds within which central bankers should confine their public oratory’ away as we focus on how to prevent the modern mixed economy and monetary system from collapsing entirely.  However, if you want to try to transport yourself away from the pandemic and back into that old mindset, and you are a non economist with a penchant for recent monetary history, this might be just the thing for you.

Tony Yates
Economist. Consulting, lecturing, a book. Ex Prof at Bham, Ex BoE staffer. Macro, policy, monetary econ, occasional nonsense.

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