<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/">
    <channel>
        <link xmlns="http://www.w3.org/2005/Atom" rel="hub" href="https://overblog.superfeedr.com"/>
        <link xmlns="http://www.w3.org/2005/Atom" rel="self" href="https://chrisbowdler.over-blog.com/rss" type="application/rss+xml"/>
        <title><![CDATA[chrisbowdler's name]]></title>
        <link>https://chrisbowdler.over-blog.com/</link>
        <generator>Overblog - https://www.over-blog.com</generator>
        <description><![CDATA[Perspectives on current macroeconomic developments and macroeconomic policy issues.]]></description>
                    <item>
    <title><![CDATA[First thoughts on UK credit easing: Divide in access to credit to remain]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-first-thoughts-on-uk-credit-easing-divide-in-access-to-credit-to-remain-101940667.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-first-thoughts-on-uk-credit-easing-divide-in-access-to-credit-to-remain-101940667.html</guid>
    <pubDate>Tue, 20 Mar 2012 11:17:00 +0100</pubDate>
    <description><![CDATA[A key feature of credit markets in the aftermath of the credit crunch has been extreme inequality in access to credit. Large corporations or relatively high net worth individuals perceived to have 'skin in the game' thanks to large amounts of loss absorbing... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[UK needs to combine QE2 with credit easing]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-uk-needs-to-combine-qe2-with-credit-easing-86020743.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-uk-needs-to-combine-qe2-with-credit-easing-86020743.html</guid>
    <pubDate>Thu, 06 Oct 2011 17:38:00 +0200</pubDate>
    <description><![CDATA[The Bank of England's decision to resume quantitative easing through a further £75bn of asset purchases is a necessary step forward in an economy in which the outlook for private, government and foreign demand is bleak. In order for the move to have a... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[The sovereign debt crisis and the costs of currency unions]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-the-sovereign-debt-crisis-and-the-costs-of-currency-unions-85226103.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-the-sovereign-debt-crisis-and-the-costs-of-currency-unions-85226103.html</guid>
    <pubDate>Mon, 26 Sep 2011 17:14:00 +0200</pubDate>
    <description><![CDATA[As the search for a solution to the debt crisis affecting Greece and other European countries continues it's natural to ask exactly what part the constraints associated with monetary union have played in the origins and propagation of the crisis, and... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Operation Twist: The Next Tool of Unconventional Monetary Policy]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-operation-twist-the-next-tool-of-unconventional-monetary-policy-84931983.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-operation-twist-the-next-tool-of-unconventional-monetary-policy-84931983.html</guid>
    <pubDate>Thu, 22 Sep 2011 17:20:00 +0200</pubDate>
    <description><![CDATA[The Federal Reserve has announced plans to implement Operation Twist over the next 10 months. During that time the Fed will use proceeds from sales of Treasury debt with less than three years to maturity to re-invest in longer maturity Treasury bonds.... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[What should be the priority for UK tax policy?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-what-should-be-the-priority-for-uk-tax-policy-84869323.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-what-should-be-the-priority-for-uk-tax-policy-84869323.html</guid>
    <pubDate>Wed, 21 Sep 2011 18:55:00 +0200</pubDate>
    <description><![CDATA[During the last couple of weeks there have been conflicting assessments of the priorities for income tax cuts in the UK. A group of economists argued for scrapping the 50p top rate on the grounds that it is undermining national competitiveness and growth... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Is QE just open market operations on a grand scale? An update]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-is-qe-just-open-market-operations-on-a-grand-scale-an-update-84867357.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-is-qe-just-open-market-operations-on-a-grand-scale-an-update-84867357.html</guid>
    <pubDate>Wed, 21 Sep 2011 18:25:00 +0200</pubDate>
    <description><![CDATA[After reading Marvin Goodfriend's excellent JME article on Fed policy during the crisis I need to update an earlier post on how QE relates to conventional open market operations (OMOs) . In that piece I noted that traditional OMOs keep the size of the... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Topical issues in Macroeconomics]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-topical-issues-in-macroeconomics-80940814.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-topical-issues-in-macroeconomics-80940814.html</guid>
    <pubDate>Fri, 05 Aug 2011 20:10:00 +0200</pubDate>
    <description><![CDATA[I am currently giving a short course for summer school students at Oriel College. The lectures address recent important events in the world economy and the challenges that they pose for policy-makers. The topics include some thoughts on fiscal policy... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Would QE3 support economic recovery?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-would-qe3-support-economic-recovery-76323578.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-would-qe3-support-economic-recovery-76323578.html</guid>
    <pubDate>Fri, 10 Jun 2011 18:47:00 +0200</pubDate>
    <description><![CDATA[There have been a number of recent contributions making the case for QE3 in the United States following weak employment and GDP numbers. Recent market reactions to Bernanke's efforts to distance the Fed from a further round of quantitative easing prompted... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Future posts]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-future-posts-72722449.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-future-posts-72722449.html</guid>
    <pubDate>Thu, 28 Apr 2011 14:44:00 +0200</pubDate>
    <description><![CDATA[I will not be doing any posts for the next few weeks due to various teaching commitments. During the second half of May I plan to write up some thoughts on (i) the UK fiscal position, including some arguments for reducing the speed of fiscal tightening;... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[One lender of last resort -- another cost of currency unions?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-one-lender-of-last-resort-another-cost-of-currency-unions-72252843.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-one-lender-of-last-resort-another-cost-of-currency-unions-72252843.html</guid>
    <pubDate>Thu, 21 Apr 2011 20:27:00 +0200</pubDate>
    <description><![CDATA[Recent commentary has highlighted the fact that a Greek debt default would be a disaster for ECB policy-makers given the central bank's exposure to losses based on its past and prospective activities as the Euro area lender of last resort (LOLR). A 50%... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Banking reform the right move]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-banking-reform-the-right-move-71784316.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-banking-reform-the-right-move-71784316.html</guid>
    <pubDate>Fri, 15 Apr 2011 14:11:00 +0200</pubDate>
    <description><![CDATA[The Independent Commission on Banking proposed important reforms to the structure of the UK banking industry this week, including higher capital ratios for the retail sections of universal banks, ring-fencing of those parts of a bank so that they can... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Is QE just open market operations on a grand scale?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-is-qe-just-open-market-operations-on-a-grand-scale-71655158.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-is-qe-just-open-market-operations-on-a-grand-scale-71655158.html</guid>
    <pubDate>Wed, 13 Apr 2011 17:57:00 +0200</pubDate>
    <description><![CDATA[In the last couple of years I have often heard people express the view that quantitative easing (QE) is conventional open market operations, perhaps on an unusually large scale, but otherwise nothing to justify the title 'unconventional monetary policy'.... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Should the Bank of England raise interest rates?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-should-the-bank-of-england-raise-interest-rates-71281414.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-should-the-bank-of-england-raise-interest-rates-71281414.html</guid>
    <pubDate>Fri, 08 Apr 2011 15:40:00 +0200</pubDate>
    <description><![CDATA[Following on from the ECB decision to raise interest rates, debate continues as to whether or not the Bank of England should engage a process of interest rate normalization, in order address current above target inflation. A key argument against monetary... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[ECB interest rate increases likely to create more problems than they solve]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-ecb-interest-rate-increases-likely-to-create-more-problems-than-they-solve-71219997.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-ecb-interest-rate-increases-likely-to-create-more-problems-than-they-solve-71219997.html</guid>
    <pubDate>Thu, 07 Apr 2011 18:47:00 +0200</pubDate>
    <description><![CDATA[As was widely anticipated, the ECB became the first of the major central banks to raise interest rates in the current cycle. Futures trading suggests another two or three 25 basis point rate hikes by the end of 2011. The ECB, traditionally hawkish on... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Will the end of QE2 raise Treasury yields?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-will-the-end-of-qe2-raise-treasury-yields-70965573.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-will-the-end-of-qe2-raise-treasury-yields-70965573.html</guid>
    <pubDate>Mon, 04 Apr 2011 14:11:00 +0200</pubDate>
    <description><![CDATA[Gavyn Davies has launched a very interesting debate on whether or not the upcoming completion of QE2 will result in a surge in Treasury yields, as a key driver of recent bond demand disappears from the market. One view is that a decline in the flow demand... ]]></description>
        <dc:creator><![CDATA[chris bowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[What combination of shocks hit the UK economy?]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-what-combination-of-shocks-hit-the-uk-economy-70764866.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-what-combination-of-shocks-hit-the-uk-economy-70764866.html</guid>
    <pubDate>Fri, 01 Apr 2011 18:08:00 +0200</pubDate>
    <description><![CDATA[The prospects for the UK economy and the debate concerning the optimal macroeconomic policy path depend in part on the kinds of shocks thought to have impacted UK markets during recent years. One perspective, which I fully endorse, is that the UK has... ]]></description>
        <dc:creator><![CDATA[chrisbowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[macro blog]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-macro-blog-70609624.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-macro-blog-70609624.html</guid>
    <pubDate>Wed, 30 Mar 2011 19:22:00 +0200</pubDate>
    <description><![CDATA[From time to time I will use this blog to make some points about recent developments in the world economy, the policy dilemmas facing fiscal and monetary authorities and different aspects of the global economic outlook. In the past I have written non-technical... ]]></description>
        <dc:creator><![CDATA[chrisbowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[first entry]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-first-entry-70576072.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-first-entry-70576072.html</guid>
    <pubDate>Wed, 30 Mar 2011 11:57:00 +0200</pubDate>
    <description><![CDATA[test ]]></description>
        <dc:creator><![CDATA[chrisbowdler]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Welcome to OverBlog!]]></title>
    <link><![CDATA[https://chrisbowdler.over-blog.com/article-70575908.html]]></link>
    <guid>https://chrisbowdler.over-blog.com/article-70575908.html</guid>
    <pubDate>Wed, 30 Mar 2011 11:56:00 +0200</pubDate>
    <description><![CDATA[This automated message is the first article of your blog. It will help you get started with OverBlog. You can edit or delete it by going to the "Publish" section of your administration page. Hope you'll enjoy blogging with us! The OverBlog team PS: In... ]]></description>
        <dc:creator><![CDATA[OverBlog]]></dc:creator>
    </item>
            </channel>
</rss>

