Sitting at the big table means you have to take responsibility for your work. According to Yuan Yang of Rethinking Economics in this article, Krugman supposes that economists should not be blamed for the lack of political action to deal … Continue reading #PolicyBlog Grow up Economists!
What kind of policy could be put in place to make capitalism more ethical? Some would argue that Capitalism is moving us in the right direction, the percentage of people living under 1.25 dollars a day (the world poverty line) … Continue reading #PolicyBlog Capitalism in crisis or simply not enough responsible businesses?
Here’s a closer look at the current buffers (TLAC) of the top European banks, with the “Global Systematically Important Banks” (G-SIB) highlighted. If the new TLAC reaches 20% more than half of the systemically important banks in Europe will be … Continue reading #econchart – The European TLAC imbalance
A new bank regulation to be implemented in 2019 will oblige 30 global banks* (such as Citigroup and HSBC) to hold bigger buffers. The Financial Stability Board (FSB) – a group of international regulators – convened on 10 November to discuss … Continue reading #PolicyBlog Perhaps banks should get less Tender, Love and Care (TLC) and have more Total Loss-Absorbing Capital (TLAC)?
The Economist on 25 October wrote about how to thrive at work with the least possible effort, i.e. skiving (in British) or shirking (in American). How does one acquire the very useful skill of pretending to work? However, instead of … Continue reading Policy Fact Series 1: Pretending to work
Last year the OECD Forum focused on equality, jobs and trust. This year they swapped equality for inclusive growth and maintained a focus on jobs and trust. The change is subtle but rather significant; the focus on equality is not … Continue reading #OECD Forum – Inclusive Growth
Last week, 15 year-old Julia Lipnitskaia swivelled and spun her way into Olympic history. Her performance in the team figure skating competition – set to music from Schindler’s list – was heartbreakingly beautiful. The petite Russian ice-princess displayed gravity-defying flexibility, … Continue reading Supporting young potential
Economics is biased, and there’s a study to prove it. If the discipline remains so, we risk its credibility and ignore those in need. Something has to change. The study “US and them: The Geography of Academic Research” from the … Continue reading The good, the bad, the ugly: reducing economic bias
It was the day after Christmas and I was sat at home in the UK on a warm, cosy sofa watching Harry Potter with the family, having eaten far too much food for the second day running. It’s certainly a … Continue reading My lucky Christmas
Just over a year ago a group of then-students sat on the grass outside one of the largest student halls in Paris, baguette and cheese in hand, international can-do spirit in mind. Disillusioned by economics, economic policy and the prospects … Continue reading From picnics to community-based think tanks