Expert Comment
Professor , from the Centre for Interdisciplinary Methodologies, writes for The Conversation about privatising the government's behavioural insights team.
Comment by Dr , Department of Economics, in response to The Economist's recent Free exchange column on the European Central Bank's troubles in providing support to peripheral economies:
THE Free Exchange column makes a strong case in support of view that there is something wrong with provision of credit to small and medium enterprises (SMEs) in the euro area. I agree. However I would go further than suggesting that lending support targeted at the SME sector, as the UK’s funding for lending scheme (FLS) does, is something the ECB could consider; I believe such targeted lending is something that the ECB must adopt, and sooner rather than later...
Dr , department of Politics and International Studies, reacts to news that the French economy has gone back into recession.
The current French Government, and the last one, understate the degree to which reductions in public expenditure contained in fiscal consolidation plans will eat away at demand and growth in the economy.
The UK escaped a liquidity trap in the 1930s and enjoyed a strong economic recovery. This column by Economics Professor argues that what drove this recovery was ‘unconventional’ monetary policy implemented not by the Bank of England but by the Treasury. Thus, Neville Chamberlain was an early proponent of ‘Abenomics’. This raises the question: is inflation targeting by an independent central bank appropriate at a time of very low nominal-interest rates?
Associate Professor of Cultural Policy Dr shares her thoughts on the public value of culture:
Readers even vaguely acquainted with my academic work (or, for that matter, my Twitter feed) will know how critical I have always been of the impact rhetoric, and the related ‘toolkit fever’, when they have been used as a way to justify subsidy rather than as an effort to understand the nature and potential effect of artistic experiences. I very much stand by my earlier criticism of the limitation of much economic impact figures and the methods through which they are obtained. This does not mean that it is not desirable to try and find better ways to understand the economic dimension of activities such as creating and consuming culture. However, it is a narrow view one that only sees them as such...