{"id":28334,"date":"2015-03-20T08:04:13","date_gmt":"2015-03-20T08:04:13","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=28334"},"modified":"2015-03-20T08:04:13","modified_gmt":"2015-03-20T08:04:13","slug":"andy-haldane-is-right-and-wrong","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/03\/20\/andy-haldane-is-right-and-wrong\/","title":{"rendered":"Andy Haldane is right, and wrong"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/a2f1ded0-ce39-11e4-9712-00144feab7de.html#ixzz3UuX71SvV\" target=\"_blank\">FT has noted<\/a>:<\/p>\n<blockquote><p>The Bank of England\u2019s chief economist has opened the door to a further cut in UK interest rates if low inflation persists, expressing a dovish view in contrast with the majority of the Monetary Policy Committee.<\/p><\/blockquote>\n<p>Andy Haldane is right that the Bank needs to do much more for the UK economy than it is at present.<\/p>\n<p>He's wrong about rate cuts though, in my opinion. There is a limit to how far monetary policy can be pushed.<\/p>\n<p>What we really need is <a title=\"How Green Infrastructure Quantitative Easing would work\" href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2015\/03\/12\/how-green-infrastructure-quantitative-easing-would-work\/\" target=\"_blank\">green\u00a0quantitative easing<\/a> , of course.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT has noted: The Bank of England\u2019s chief economist has opened the door to a further cut in UK interest rates if low inflation<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/03\/20\/andy-haldane-is-right-and-wrong\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,74],"tags":[],"class_list":["post-28334","post","type-post","status-publish","format-standard","hentry","category-economics","category-green-new-deal"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/28334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=28334"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/28334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=28334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=28334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=28334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}