Monthly Archives: April 2011

DC diary

I’m currently in a hotel just outside Washington, DC, en route to a couple of conferences in Dallas. Watching the news here, it’s striking how obsessed Americans seem to be with the Royal Wedding. NBC had a special on it … Continue reading

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The Independent Commission on Banking’s proposals

The Independent Commission on Banking’s proposals fall into three categories. 1. Making banks safer. Banks should hold more equity capital relative to their risk-weighted assets, and systemically important banks should hold more than others. UK retail operations should be carried … Continue reading

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No alternative to cutting spending

It is a bit frustrating to keep being asked about whether the ‘cuts’ are a good idea, and whether we should be looking at alternatives. Frankly, that debate is a good couple of years out of date. Given the state … Continue reading

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Vickers: a partial solution at best

I’ve not yet had the chance to read all 214 pages of the Independent Commission on Banking’s interim review, which was published yesterday. But going by initial impressions, I’m not convinced that their main proposal – requiring banks to ring-fence … Continue reading

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The case for NGDP targeting – lessons from the Great Recession

The Adam Smith Institute’s latest report, The Case for NGDP Targeting by US economist Scott Sumner, argues that that the Bank of England’s inflation targeting regime was proved inadequate by the Great Recession, and should be replaced. Instead of targeting … Continue reading

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Of Bismarck and Beveridge

Given the backdrop of controversy about the coalition government’s plans for the NHS, the Euro-Canada Health Consumer Index 2010 – which assesses health systems from the consumer’s perspective, looking at patient rights, waiting times, outcomes, range of services, and availability … Continue reading

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Taxing property

Merryn Somerset Webb made a good point in her FT column this weekend: Finally, a word on the mansion tax. There is a view that we need to have a tax on wealth of some kind, just like many other … Continue reading

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