Many Happy Returns

Is The Bank of England Broken?

Apr 17, 2024
The podcast discusses the Bank of England's failure to predict high inflation and the need for a major overhaul in forecasting methods. They also explore the challenges faced in economic forecasting, the importance of human judgment, and the impact of geopolitical events. Additionally, the podcast delves into quantitative tightening and its impact on monetary policy, debt auctions, central bank independence, and the uncertainty surrounding Quantitative Tightening and inflation impact.
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Episode notes
1
Introduction
00:00 • 2min
2
Bank of England's Forecasting Accuracy and Challenges
01:50 • 11min
3
Challenges and Independence of the Bank of England in Forecasting Government Policy
12:33 • 2min
4
Challenges and Evolution at the Bank of England
15:02 • 15min
5
Exploring Quantitative Easing and Tightening in Monetary Policy
30:17 • 3min
6
Debt Auctions and Central Bank Independence
33:41 • 4min
7
Exploring the Uncertainty of Quantitative Tightening and Inflation Impact
37:51 • 2min