‘New Keynesian’ economists win Nobel prize Economics Two American economists who research price stabilisation across global economies have won the Nobel prize for economics. Robert E. Hall and Michael Woodford were the joint winners of the prestigious award officially called “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”. Hall and Woodford’s research on forecasting has influenced policymakers when [...]
Burnham bounce? Business confidence tells a different story Opinion Labour may be improving in the polls under Andy Burnham, but overall support for the party is still very low. Economic confidence tells a similar story, says Paul Ormerod Both in the opinion polls and in local authority by-elections, there is clear evidence of a “Burnham bounce” for Labour. But in historical terms, support for [...]
Burnham’s cheerfulness could turn the economy around Opinion Confidence is an elusive but essential determinant of the course of the economy ignored by Reeves' doomsterism. Burnham could change that.
My advice for Rachel Reeves? Learn how to spin a yarn November 19, 2025 Economic history shows us the importance of a narrative. If Rachel Reeves wants to help the economy, she needs to learn how to tell a story.
Labour’s insistence on talking Britain down will only spur on further decline September 24, 2024 In economics, the "animal spirits" of human emotion matter. So why is Labour determined to talk Britain down, asks Emma Revell.
Haldane is right – the Chancellor’s doom-mongering is dangerous September 18, 2024 The stories we tell ourselves matter in economics, writes Paul Ormerod