Comments: Visiting professor

Congratulations, David.

I would have thought one of the disadvantages of targeting inflation is that the MPC may at some point be forced to induce a recession in order to meet the target. Since Cardiff’s students won’t have seen a real recession you could let them know just how bad a recession really is. That then raises the question as to whether the MPC would be allowed to go through with it. Or will politics intervene when the going gets tough?

Posted by Sandid at December 8, 2006 11:00 AM

Well done, guess we should be calling you Prof from now on.

Posted by Werewolves at December 8, 2006 06:55 PM