The Times op-ed: The Bank must press ‘pause’ on rate rises or risk causing a recession
This op-ed was first published in The Times - 05th June 2023 Pause, peak or pivot? This is the policy issue facing big western central banks. Should they pause in their tightening cycle? Or raise interest rates further to a new peak? Or pivot, preparing to cut rates soon? The attention of...
Elfonomics – What can artists learn from football?
https://open.spotify.com/episode/3DA3j42I9ME7hxrTw2V4EA?go=1&sp_cid=4b34b167dc460250b19f09cec444fece&utm_source=embed_player_p&utm_medium=desktop&nd=1
Conservative Home op-ed: Public sector net wealth. This new way of looking at the public finances could transform economic policy
This was first published on Conservative Home - 16th May 2023 Public sector net wealth (PSNW) may not sound like the most engaging of topics, yet this new way of looking at the public finances has the ability to transform the policy debate. In addition to reporting the budget deficit and national...
Elfonomics: Should I start an OnlyFans account?
In this episode, Elf and I discuss the rise of OnlyFans and the economics behind it - the reinvention of the middle man, an online market place and 'economic rent'. Oh and crucially, whether Elf should start her own account. https://open.spotify.com/episode/0Ajm3uMUCDSILCvfLZvlnL
Conservative Home op-ed – How Britain can prosper in an age of subsidies
This was first published on Conservative Home - 02nd May 2023 There is a distinction between a subsidies war and a trade war. The former is “a good thing” in the case of green subsidies, as it’ll help accelerate the transition to renewable technologies. That was the message from the former US...
My comments at the annual meeting of the European Risk Council
It was good to speak again at the European Risk Council's annual meeting in London, alongside Dr Pippa Malmgren and Alok Rustagi - chaired by the FT's Marie Kemplay. Below were my opening comments, before we moved to a Q&A. Today, I will focus on three areas: the end of cheap money, who is in...
Elfonomics – Why are Vets so expensive?’
Elf and Gerard explore the complexities of being a vet and the economics behind your veterinary bills! Listen, Share, Review ⭐⭐⭐⭐⭐ https://open.spotify.com/episode/5kaDf8CuykfEnWDU7dpGKR?si=SytCZ2RgTJ6KPmI8CaSGIw
Conservative Home op-ed – Avoiding recession as the world grapples with high debt
This was first published on Conservative Home - 18 April 2023 Downside risks dominate, but the economy could prove more resilient than expected as it did in 2022. Household consumption could be boosted by a stock of excess savings and tight labour markets. These comments were made last week by the...
Evidence to the Treasury Select Committee on Quantitative Tightening (QT)
It was good to be back in front of the Treasury Select Committee this week, as it opened its inquiry into Quantitative Tightening, alongside Andrew Sentance, Jagit Chadha and Katharine Neiss. “The good, the unnecessary and the bad.” That’s how I described the UK’s experience with QE. Since 2008,...
Elfonomics – Why is everything made in China?
Why does it feel that everything is made in China and will that always be the case? Guilt-ridden by her online shopping addiction, Elf asks Gerard if being 'mass produced' is really as bad as everyone makes it out to be. And why do we so associate mass production with Chinese goods? Listen,...