Bob Lyddon

Introduction Keir Starmer, the UK’s Prime Minister, wants a ‘re-set’ in the UK’s relations with the EU. About what? Starmer has said that he cannot envisage the UK rejoining either…

Introduction The measures taken by the UK’s Labour Party since taking office in July 2024 will appear bizarre to most economists. They are based on a cluster of theories that…

Introduction The stimulus package for the Chinese economy, presaged by the People’s Bank of China in late September, has disappointed in its size and detail, but it has achieved something…

Introduction In September, the Chinese authorities announced a package of measures to stop the fall in real estate prices, encourage investment in assets other than real estate, and bolster share…

Introduction Governments and central banks have pinned a lot of their credibility on returning the world economy, after the Pandemic and the inflation shock, to an orderly picture of inflation…

Introduction Financial regulators frequently refer to the Global Financial Safety Net, or GFSN, as the bulwark against a repeat of the Global Financial Crisis and the Eurozone crisis 2007-13. The…

Introduction Financial regulators and governments have made much of their success in restoring the global financial system to a state of stability after the Global Financial Crisis and the Eurozone…

Introduction We recently wrote that the enormous losses being handed to taxpayers by Western central banks were in effect the second part of the same bill for the Global Financial…

Introduction Governments made major interventions to shore up the financial system during the Global Financial Crisis, which lasted from 2007 until the end of the Eurozone crisis in 2012. These…

Introduction The Bank of England has taken the lead amongst the world’s central banks in issuing a working paper about how central banks can replenish their capital, now that they…