RT @ed_yates_: The BoE Governor calling for "wage restraint" at a time of soaring inflation is both offensive and fully expected. The Bo…
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The BoE Governor calling for "wage restraint" at a time of soaring inflation is both offensive and fully expected. The BoE has - since 2007 - pursued monetary policies that transfer the costs of economic crisis onto labour - I discuss in this paper: ht
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In fairness, in the above I argue that the Bank would likely be hesitant to come down hard on labour - not out of concern for protecting wages, but out of a need to protect assets. Looks like @JohnEvemy et al call it right https://t.co/Mi5HDRGNNb
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RT @NPEjournal: Monetary Policy as Usual? The Bank of England’s Extraordinary Monetary Policies and the Disciplining of Labour @JohnEvemy,…