BOE 'About Right, Maybe a Little Too Little': Adam Posen

The transcript discusses the MPC's policy response to Brexit, highlighting the rate cut and the potential for recession. It questions the effectiveness of monetary policy in the current economic context, emphasizing the need for fiscal and trade policy adjustments. The MPC's strategy on inflation and output tradeoffs is analyzed, with a focus on the potential impact of currency fluctuations. The discussion concludes with recommendations for fiscal policy and addressing structural issues in the UK economy, such as real estate supply and R&D funding.

In what ways does the speaker suggest improving trade relations with the European Union?

What structural problems in the UK economy does the speaker highlight?

How does the speaker propose to support UK universities and R&D funding?