The U.K.’s bet on “draconian” spending cuts and some tax increases will slow growth in real income and may reverse the nation’s economic recovery, according to David Blanchflower , a former Bank of England policy maker.
Central banks should continue to keep rates low to stimulate growth because workers’ wages aren’t rising, damping any increase in inflation, according to David Blanchflower , a former policy maker at the Bank of England.
Former Bank of England policy maker David Blanchflower said the next governor of the central bank should be someone with “clean hands” after recent banking- industry scandals appeared to have ruled out several candidates.
The European Union may have missed its best chance to stem the region’s debt crisis and its complex institutional structure will complicate future efforts, according to Dartmouth College’s David Blanchflower.
The U.S. economy faces a “long haul” to reduce unemployment as the country loses public payrolls and subdued bank lending restricts job creation, said David Blanchflower , an economics professor at Dartmouth College and a former Bank of England official.
Former Bank of England policy maker David Blanchflower said Mark Carney is the “best available” leader for the U.K. central bank and probably will shake up the 318-year-old institution when he takes over.