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The UK escaped a liquidity trap in the 1930s and enjoyed a strong economic recovery. This column by Economics Professor argues that what drove this recovery was ‘unconventional’ monetary policy implemented not by the Bank of England but by the Treasury. Thus, Neville Chamberlain was an early proponent of ‘Abenomics’. This raises the question: is inflation targeting by an independent central bank appropriate at a time of very low nominal-interest rates?

Mon 13 May 2013, 13:48 | Tags: History, Economics and Finance

A rising power reaching the top? Brazilians now lead the WTO and the FAO

, Assistant Professor in International Political Economy (IPE) in the Department of Politics and International Studies comments on the news that Brazilian Roberto Carvalho de Azevêdo has been named the new Director-General of the World Trade Organization.

Wed 08 May 2013, 09:45 | Tags: International, Politics and International Studies

A blog post on the Journal of Victorian Culture Online from , Research Fellow in the Institute of Advanced Study:

Throughout 2012, the 神马福利影片 joined many institutions and organisations around the world in marking the bicentenary of Charles Dickens. Celebrating Dickens brought together researchers and students from the University to celebrate Dickens’s life and times...

Tue 07 May 2013, 15:41 | Tags: Literature

Plans to cut criminal legal aid could have devastating effects

Professor , Law, fears the government’s plan to cut criminal legal aid and introduce a system of tendering based on price could have devastating and irreversible consequences

The current proposals abandon the professional lawyer-client relationship and treat advice as an impersonal commodity. Under the proposals, suspects and defendants will not be able to choose a legal aid lawyer but will be allocated a ‘supplier’ (to use the language of the consultation). Under this proposed tendering system, defendants could be allocated a legal aid lawyer based many miles away. If they are arrested again, they may be allocated a different ‘supplier’
Tue 07 May 2013, 12:21 | Tags: Law

Associate Professor of Cultural Policy Dr shares her thoughts on the public value of culture:

Readers even vaguely acquainted with my academic work (or, for that matter, my Twitter feed) will know how critical I have always been of the impact rhetoric, and the related ‘toolkit fever’, when they have been used as a way to justify subsidy rather than as an effort to understand the nature and potential effect of artistic experiences. I very much stand by my earlier criticism of the limitation of much economic impact figures and the methods through which they are obtained. This does not mean that it is not desirable to try and find better ways to understand the economic dimension of activities such as creating and consuming culture. However, it is a narrow view one that only sees them as such...

Fri 03 May 2013, 16:11 | Tags: Arts, Policy, Culture, Economics and Finance

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