It’s time the Bank of England rethinks monetary policy – and its own methods
The Bank of England’s handling of inflation has been met with increasing levels of criticism. Despite its suite of academically fashionable mathematical and econometric models, the Bank seems to be acting in a daze, unable to comprehend what is going on. A paper just published in the American Economic Review advocates an alternative way of […]
International Airlines Group: a ‘fantastic object’? The psychology of mergers and acquisitions
International Airlines Group (IAG), formed in January 2011 by a merger of British Airways and Iberia, is in the news. Operating losses at Iberia in the first nine months of the financial year are believed to be in excess of £200 million. Since the start of last year, IAG’s shares are down by nearly 40 […]
