The ethics of a Brexit referendum
The debate over Brexit has been dominated by propaganda. To date, I have had sympathy with the one ethical argument, which has been made most effectively by Mehreen Khan, for leaving the EU. It is shared by man...
Use the equity risk premium to reduce inequality
Harvard Business Review, January 2015
With Mark Blyth: governments should exploit the excess return of equities over bonds to buy assets for 80% of the population
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Print less, but transfer more
Foreign Affairs, September/October 2014
With Mark Blyth: Give central banks the power to transfer cash directly to households
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People don’t want to borrow: the ECB should give them cash
Fortune Magazine, September 2014
With Mark Blyth: The ECB should give up trying to force people to borrow. Give them cash instead.
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Governments can borrow … Without increasing their debt
FT, June 2012
The government's debt has not risen since the financial crisis
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Central banks need a helicopter
FT, 4 December 2008
The most direct and efficient solution to the economic and financial problems is for central banks to transfer cash directly to the household sector.
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Why the Bank must rethink its views on inflation
FT, 30 October 2008
There is no inflation – and there never was any.
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Criticism of Europe’s central bank is misplaced
FT, 1 December 2005
The popular caricature presents the European Central Bank as...
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Beyond interest rates
FT, 9 September 2002
The Federal Reserve needs to consider alternatives to cutting interest rates...
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