Anti-Brexit protesters in London last month. Photograph: AP Photo/Matt Dunham

A proper accounting for Brexit will, eventually, be written. For that narrative to be compelling it will have to be compiled by psychiatrists, behavio(...)

Andrew Haldane, executive director for financial stability at the Bank of England. Photographer: Simon Dawson/Bloomberg

Britain’s economic recovery might stall if interest rates rise too soon, the Bank of England’s chief economist said today as he offered the strongest (...)

IMF managing director Christine Lagarde. The organisation is about to downgrade its economic forecasts for global growth this year

Patience, we are often told, is a virtue. The main reason why sustained global economic growth began only 250 odd years ago was that there was no way (...)

The headquarters of the European Central Bank (ECB) in Frankfurt, Germany. The ECB should fess up its errors and figure out a neat way of giving us some debt relief.

Has a central bank ever admitted making a mistake? Not very often, as far as I can tell. Maybe some minor missteps have been owned up to, but the big (...)

From a policy point of view, there are some useful rules of thumb that provide better guidance than most complex models. The Bank of England’s Andrew Haldane, one of the most thoughtful central bankers around, has written extensively about this and persuasively argues for the adoption of simple but robust tools and techniques that, among other things, embody learning.

Back in 2008, the queen of England famously asked a group of economists why they didn’t see the financial crisis coming. It took them nearly eight mon(...)