At its final meeting of 2019, the Shadow Monetary Policy Committee (SMPC) voted by eight votes to one to keep … Continue reading “SMPC Votes Eight/One to Hold Bank Rate in November”

An email poll of members of the Shadow Monetary Policy Committee (SMPC) carried out in late August, and early September … Continue reading “SMPC votes Six / Three to Hold Bank Rate in September”

In July 2019 the Shadow Monetary Policy Committee (SMPC) voted by six three to keep Bank rate at 0.75%. Concerns … Continue reading “SMPC votes Six / Three to Hold Bank Rate in July”

Based on its email conducted during early June 2019, the Shadow Monetary Policy Committee (SMPC) voted by a margin of … Continue reading “SMPC votes Five / Four to Hold Bank Rate in June”

At its second full meeting of 2019, held in April, the Shadow Monetary Policy Committee (SMPC) voted by a narrow … Continue reading “SMPC votes Five / Four to Hold Bank Rate in April”

In its March 2019 e-mail poll, the Shadow Monetary Policy Committee (SMPC) elected, by a vote of six to three, … Continue reading “SMPC votes Six / Three to Hold Bank Rate in March”

The Global Economy Backdrop: Julian Jessop referred to his presentation slides. He said he will begin with the global backdrop, … Continue reading “SMPC votes unanimously to hold Bank rates in January”

Summary:  The Monetary Policy Committee of the Bank of England’s reliance on faulty indicators has led to suboptimal policy decisions … Continue reading “Getting the Measure of Money”

In its December 2018 e-mail poll, the Shadow Monetary Policy Committee (SMPC) elected, by a vote of six to three, … Continue reading “Shadow Monetary Policy Committee votes Six / Three to Hold Bank Rate in December”