It’s time the Bank of England rethinks monetary policy – and its own methods Paul Ormerod The Bank of England bases its forecasts on conventional models. But when it comes to monetary policy, there are many approaches it should explore instead - particularly the narrative one, writes Paul Ormerod
Confusion is the keyword for UK bonds as financial markets’ confidence fades Paul Ormerod Financial markets have the jitters on UK bonds - and this is partially the fault of government debt, and partially the fault of the country's lack of productivity, writes Paul Ormerod
Windfall taxes, like speeding fines, can’t be a plaster solution for losing tax revenue Paul Ormerod Speeding fines are effectively becoming a tax for councils, a way to raise revenues. But it's a short-term fix for a long-term problem exactly like windfall taxes, writes Paul Ormerod
Artificial intelligence won’t destroy your job, just look at Octopus Energy’s use of AI May 17, 2023 Many worry that AI will steal our jobs. But just look at how Octopus Energy uses it, and you'll see that AI, like any other wave of innovation, also brings new jobs and opportunities, writes Paul Ormerod
Starmer is right, we need to give up on the cult of a university education for all May 10, 2023 Keir Starmer won't abolish tuition fees like previously promised. His decision, so contested by many, is the first step towards a more egalitarian education system, writes Paul Ormerod
The Bank of England needs trade unionists and social scientists to stop groupthink April 26, 2023 The Bank of England relies on models that aren't fit for purpose and is often guilty of groupthink. Welcoming social scientists and even trade unionists among its ranks could actually be beneficial, writes Paul Ormerod
Monopolies hire too many pointless managers and kill off productivity growth April 19, 2023 Does your boss - or the economy - really need you?
Our ailing productivity is workers’ payback to the greed of bankers after the 2008 crash April 12, 2023 If workers are quiet quitting, its because they have seen bankers get away with getting paid more for doing less.
From international trade to interest rates, macroeconomics is in yet another tail spin April 5, 2023 Last week, anti-Brexit campaigners started complaining about the minuscule economic benefit of joining the CPTPP, but almost no one shaking a fist knows a thing about microeconomics, writes Paul Ormerod
Yes, money can buy happiness and our well-being doesn’t plateau as we get richer March 29, 2023 The secret to happiness is...money. Recent studies have finally solved the debate on how to calculate what makes us happy, and indeed, it's having more funds, writes Paul Ormerod
