Studies in history and economics. 1979-82, taught economics, Cambridge; with BP and Chase Manhattan Bank; 1982, with McKinsey & Co. incl.: 1988, Partner; 1994, Director; 1992-95. 1995-99, Director-General, Confederation of British Industry. 2005, Independent Member, House of Lords. Chairman: 2002-06 UK Low Pay Commission; 2008-12, UK Climate Change Commission; 2008-13, FSA. 2013, Senior Fellow, Centre for Financial Studies, Frankfurt. Visiting Fellow, People’s Bank of China School of Finance, Tsinghua University. Trustee, British Museum. Honorary Fellow, Royal Society and London Business School. Author: Just Capital - The Liberal Economy (2001); Economics after the Crisis (2012); Between Debt and the Devil (2015)
Hasta principios del otoño pasado, la economía global parecía atascada en una trampa deflacionaria. Durante cinco años seguidos, el Fondo Monetario Internacional había reducido su pronóst...
Donald Trump’s election has been greeted around the world with justifiable bewilderment and fear. His victory – following a fact-free, vicious election campaign – has trashed the brand of...
Everybody agrees that better education and improved skills, for as many people as possible, is crucial to increasing productivity and living standards and to tackling rising inequality. B...
Todos coinciden en que una mejor educación y mejores capacidades, para la mayor cantidad de gente posible, es crucial para incrementar la productividad y los niveles de vida y para enfren...
This summer, an electrical power auction in Chile attracted successful bids by wind generators willing to provide electricity at $0.04 per kilowatt hour and solar generators at $0.03 per ...
Este verano, una subasta de energía eléctrica en Chile atrajo propuestas exitosas de generadores eólicos dispuestos a proporcionar electricidad a $ 0,04 por kilovatio hora y generadoras s...
Ocho años después de la crisis de 2008, gobiernos y bancos centrales (tras probar con infinidad de políticas y estrategias) no han logrado un estímulo de la demanda suficiente para produc...
Eight years after the 2008 crisis governments and central banks – despite a plethora of policies and approaches – have failed to stimulate enough demand to produce sustained and strong gr...
At the end of 2015, Greece’s public debt was 176% of GDP, while Japan’s debt ratio was 248%. Neither government will ever repay all they owe. Write-offs and monetization are inevitable, p...
At the United Nations in New York on April 22, world leaders ratified the global climate agreement reached in Paris last December. One hundred ninety-five countries, ranging from richest ...
Faced with a slowing global economy, a number of observers – including former US Federal Reserve Chair Ben Bernanke and Berkeley economist Brad DeLong – have argued that money-financed fi...
The global economy faces a chronic problem of deficient nominal demand. Japan is suffering near-zero growth and minimal inflation. Eurozone inflation has again turned negative, and Britis...
Financial markets were surprised by the Bank of Japan’s recent introduction of negative interest rates on some commercial bank reserves. They shouldn’t have been. The BOJ clearly needed t...
