Home > Monetary Policy > IR Reaction, Roundup

IR Reaction, Roundup

The ASI’s Ben Southwood says Carney bottled it – dead right.

Simon Wren-Lewis is not inspired.

Duncan Brown says it was a “Storm in a teacup“.

Scott Sumner is very disappointed by the BoE’s justification for rejecting NGDPLT.

Marcus Nunes says Carney’s bubble has popped.

Philip Booth of the IEA wants everybody to know he’s an inflation hawk.  Anthony Evans is much more measured and rightly critical over the lack of real reform.

Stephanie Flanders nails the confusion from Carney about whether this was a change in the Bank’s reaction function.

Editorials from the Guardian and the FT, neither seem particularly impressed.

The Evening Standard think low nominal rates are always and everywhere good for homeowners (HT James).  Wrong, see Japan, where house prices have crashed by 50% over two decades.

Meanwhile the Daily Telegraph insist low nominal rates are always and everywhere bad for “savers”.  Wrong, again see Japan, where cash and bank deposits have been a relatively good investment over the last twenty years, I believe with a positive real return.

Categories: Monetary Policy
  1. August 8, 2013 at 00:00

    And you will get my comment in City AM tomorrow.

    • August 8, 2013 at 00:05

      I’ll look forward to it, Lars!

  2. W. Peden
    August 8, 2013 at 00:22


    I look forward it. Incidentally, the link on your name on wordpress links to themarketmonetarist.wordpress.com, not marketmonetarist.com.

  1. August 9, 2013 at 08:32
  2. August 13, 2013 at 08:49

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