Abhinay Muthoo
@abhinaymuthoo
Professor | Economist | Social Scientist | Negotiations Expert | Game Theory | Public Policy.
ID: 947788599591882752
http://www.AbhinayMuthoo.com 01-01-2018 11:16:26
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Great stuff Max Mosley - that this is being picked up. You are doing important work. Keep going… till Govt revises its policy, to support people. Challenging times lie ahead. National Institute of Economic and Social Research BBC News (World) HM Treasury Bank of England Robert Peston
The Bank of England ought to reconsider if they really need to raise rates. See below by Archie Mitchell in The Independent Ed Conway National Institute of Economic and Social Research #inflation #interestrates Sunak warned of ‘serious shock’ for homeowners as Bank to raise interest rates independent.co.uk/news/uk/politi…
This is not great Robert Peston - there was no need to increase rates yet further. It will have little effect, if any, on inflation - on the contrary, it may exacerbate demand for wage increases. But it will hurt people on low income and with mortgages. Jeremy Hunt
Really interesting take - and actually fundamental- when you focus on ‘hope’ robert shrimsley Hope is key. Atm - millions don’t have it. Need a grand, radical and credible vision for the future. I can’t see anyone painting it yet. Pippa Crerar Sophy Ridge National Institute of Economic and Social Research
There is *no* ‘greedflation’ in the data. Brilliant thread Josh Martin Not surprising: economic principles can explain this data. Jagjit S. Chadha National Institute of Economic and Social Research Christine Lagarde Gita Gopinath Paul Krugman Pippa Crerar Sophy Ridge Evan Davis IMF Jeremy Hunt #greedflation
A powerful letter (👇🏼) from the Director of National Institute of Economic and Social Research - Professor Jagjit S. Chadha - to the Governor of the Bank of England - Mr Andrew Bailey. A must read. Advice on policy matters of direct relevance to Bank of England - should interest beyond. Chris Giles Martin Wolf
Andy Haldane is spot on, Robert Peston The Director of National Institute of Economic and Social Research , Jagjit S. Chadha wrote an open letter to the Bank of England Governor Andrew Bailey, along similar lines. Not to raise rates further requires clear communication, and strong & credible leadership.
Well said Vicky Foxcroft 💙 - the ‘Public Health’ approach requires a *ten year* funding commitment. At moment it’s short term, and small compared to the socio-economic costs, which run into the billions, as we show in our 2020 Final Report. Keir Irwin-Rogers Once upon a time ⚖️
Article 👇🏼 by Archie Mitchell of The Independent on further increases in rates by Bank of England Draws on comments by several including me. I also note that HM Treasury ought to provide support to those on low incomes. apple.news/AreEXBkVPRz-7P…
Bank of England should communicate a 12 month plan to deal with inflation - to re-establish credibility HM Treasury should support people who are suffering (👇🏼). Need to be imaginative, flexible, and coordinate, on economic policy. More below. National Institute of Economic and Social Research Robert Peston
Spot on Robert Greene - it’s a core principle in game theory: Look ahead (into the future) and then (mentally) work backwards to determine one’s optimal strategy (going forward). “Backwards induction” principle. Chess and poker players use it Liv Boeree #gametheory
Well said Axel van Trotsenburg - This is an excellent move by the World Bank Data on these variables is needed. This should be helpful to better understand how things are progressing. #poverty #development #economicgrowth #inequality
Good observations Liv Boeree ….. ….Just a thought …could this, in part, not be fundamental human nature … ….to want change in leadership…. ….Isn’t this true in others areas of life and through human history, to some extent? But your points remain, nonetheless.