Recent Blogs

FILTER POSTS

Category

Archive

The madness of Chancellor George

No Chancellor in the past 100 years has delivered his fourth Budget having presided over a worse growth performance than George Osborne did today. The economy is just 0.7% larger than when he took office...

Categories : 

Cyprus: A Haircut In All But Name

After six months of broad stability in euro area markets, Saturday morning’s announcement by the Eurogroup of its framework for the Cyprus bailout – based on an offer of up to €10bn of multilateral funds...

Categories : 

Banking union: Deflecting the euro area’s cosmic rock

Credit conditions in the euro area’s periphery continue to deteriorate. Despite the recent marked improvement in banks’ funding positions, highlighted by the large-scale LTRO repayments in January, loans to non-financial companies in the periphery contracted...

Categories : 

UK inflation: Why wages matter

For a government that took office vowing to deliver credibility to the UK’s economic policy framework, 2013 could not be going much worse. The loss of the UK’s AAA status, the preservation of which George Osborne had placed at the heart of his economic plans...

Categories : 

The Bank of Japan: Counting on Kuroda

Earlier today saw the final Bank of Japan Policy Board meeting chaired by Governor Shirakawa. As expected, no changes were made to policy, a suitably inconsequential end to a term that saw GDP growth and inflation both average less than zero....

Categories :