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Don’t say IMF, it’s IMF Squared!

In the boom decade of the 2000s, corporate rebranding and renaming was all the rage.  Some were successful.  Others are best forgotten, like PWC’s proposal to bestow the name of Monday on its consulting arm.  But as the world’s economic recovery gathers momentum, perhaps it is time

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Policy makers have learned from the mistakes of the 1930s

Nobel Prize winner Paul Krugman will shortly be in town.  With Lord Richard Layard, he will be calling for more public spending and borrowing.  The two have issued a ‘Manifesto for Economic Sense’.  But is it? The opening sentences make dramatic claims: ‘More than four years after

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New Strategies for success in the NHS: a Blackpool Perspective

On Sept 12th  Prof Nick Bosanquet gave a lecture at Blackpool Teaching Hospitals NHS Foundation Trust and then toured the hospital at the invitation of the Chairman Ian Johnson. His lecture was on the theme of “Blackpool Paths to Success.” Hospitals are facing insolvency worldwide as the era

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Macro-economic modelling and its uses

An International Macro Symposium conference this week hosted by the ESRC and the Oxford Martin School has brought home to me how little things have changed in some quarters.  There is still a belief that with some tweaks the old modelling frameworks can capture the elements that

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Ninja Turtles, Nick Clegg and Market Failure

Christmas is coming.  Retailers are beginning to push their offers hard.  The first page of a search on Google for ‘Christmas Toys 2012’ is full of sites announcing the ones which will be ‘hot’ or ‘top’.  In total, there are over 75 million results available to be

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Is this a pleb I see before me? Reality and perception in the markets

Andrew Mitchell, the government’s chief whip, remains in some difficulty after his exchange with the police at the gates of Downing Street. At the heart of the incident there is an objective reality. Either he used the word pleb, or he didn’t. Either the police were officious

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We are all better off than we think

Apple’s iPhone5 has already smashed sales records.  The first day on which consumers could make purchases over the web, more than 2 million online orders were placed.  Little wonder that JP Morgan has estimated that sales of the iPhone5 could add as much as 0.5 per cent

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A Tale of Two Recessions: Grounds for Optimism

The economic news at the moment is mixed, and the impact of the 2007-2009 financial crash is far from over. But looking back into the past may give us something to feel cheerful about. There have only been two global financial crises in the past century, that

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Pharmaceuticals and Taxation: International Experience

Here is a summary of a presentation that Volterra associate Nick Bosanquet recently delivered in Sao Paulo at a  conference sponsored by Interfarma – the Brazilian Research-based Pharmaceutical Manufacturers Association.   Brazil can look forward to a very positive development period between now and the next Olympics There is a

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How Big Is My Multiplier?

The debate rages about whether the Chancellor should implement a Plan B, or C or D or even Z. There seems to be a plethora of alternatives. But many of them share a key common theme. Namely, that an increase in public spending will boost output in the economy

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