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In the Bleak Midwinter
Energy prices no longer contain any useful information.
Aug 23, 2022
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Duncan Weldon
35
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In the Bleak Midwinter
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We have no theory of inflation
Inflation is the biggest debate in macro. The models don't work.
Oct 4, 2021
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Duncan Weldon
12
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We have no theory of inflation
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Learning the wrong lessons
The UK macro-policy mix looks awful. Again.
Nov 10, 2022
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Duncan Weldon
27
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Learning the wrong lessons
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Five Autumn Statement Takeaways
A horrible squeeze, a disagreement on monetary policy & a Gordon Brown-type fiscal approach
Nov 17, 2022
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Duncan Weldon
20
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Five Autumn Statement Takeaways
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Credibility problems
The UK macro mess
Oct 12, 2022
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Duncan Weldon
18
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Credibility problems
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The not very 'mini' budget
Inflation, gilts and gambling
Sep 23, 2022
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Duncan Weldon
19
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The not very 'mini' budget
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What's in the price?
In 2007-09, financial developments drove the economic cycle. This time they are reacting to it.
Sep 5, 2022
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Duncan Weldon
25
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What's in the price?
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Thoughts on the fallout
Scattered post-budget reflections
Sep 27, 2022
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Duncan Weldon
21
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Thoughts on the fallout
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The pain to come
The policy debate is focussed on this winter. But 2023 as a whole needs more attention.
Aug 3, 2022
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Duncan Weldon
21
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The pain to come
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The Politics of Growth
Being in favour of economic growth is easy. It is also empty.
Dec 14, 2022
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Duncan Weldon
17
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The Politics of Growth
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Five Takeaways from the Bank
An awful outlook but don't forget fiscal policy.
Aug 4, 2022
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Duncan Weldon
20
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Five Takeaways from the Bank
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A series of unfortunate fiscal events
Economics means more direct fiscal support for paying bills is needed. Politics has put wider tax cuts on the table.
Aug 30, 2022
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Duncan Weldon
17
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A series of unfortunate fiscal events
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