Written in haste during a visit to South Africa, talking about fixing monetary and fiscal policy after the crisis [slides here], and recapping on recent tweets for those who don’t do Twitter.
Yesterday, Carney appeared before Treasury Select Committee and was grilled about the risks posed by Brexit. If we take it as a given that the questions had to happen, and that there was no alternative to answering them, a great job was done putting over the salient points of the BoE’s work on this.
However, the BoE’s prominent role in these discussions seems highly risky to me. To recap on what one commenter on my blog dismissed as mere ‘concern trolling’, the problem is this: if Carney or other senior officials talk on matters of political controversy, this increases the chance that the next appointment will be made partly on the grounds of political acceptability, and…
View original post 607 more words
