10 episodes
Carnell Knowledge Robert Carnell
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- News
How do governments decide which of us and how many will die in the pandemic? Are central banks sowing the seeds of the next crisis and making us all poorer? This and other topical issues in economics dealt with in a rigorous, yet accessible and humorous way
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Stagflation - it's not likely, and that's a pity
There is still a lot of chatter about the pandemic leading to stagflation.
In this episode, I argue that apart from a short-term and perhaps temporary rise in the price level, we aren't likely to see any sort of lasting "flation"... and if you are loaded up with debt, that might not be a good outcome. -
Forward guidance - ING Version
When Central Banks tell us, it's all fine, we still have forward guidance, it's time to worry - it means they really have nothing left
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Negative Rates - ING version
Some eminent economists think the answer to weak growth and low inflation, is substantially negative interest rates. With the application of a little common sense, and a minor tweak to textbook economics, such arguments can be easily trashed.
Listen to this podcast for some easy to follow explanation of why the boffins have got it wrong, and why a return to modest positive rates may be just what the economy actually needs. -
Stagflation - ING version
Some people predicted that this Pandemic would lead to stagflation. This podcast takes their arguments, shreds them, and then laments the fact that they were wrong, as a spot of stagflation wouldn't actually be such a bad outcome after all!
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Negative rate nonsense
In these difficult times, are negative interest rates are a useful policy option for central banks, or alternatively dangerous nonsense?
Well, clearly it's dangerous nonsense!
Listen here to understand why. -
Forward guidance - It's forward garbage!
Why we shouldn't listen to central bank guidance, and why a "strategy change" to allow inflation to "run a little hot" is just hot air