LSE's Charles Bean on BOE Policy, U.K. Housing

The video discusses the tools available for monetary policy, such as interest rate cuts and quantitative easing, and their limitations. It highlights the potential need for fiscal policy adjustments by the government, especially in light of economic uncertainties following the referendum. The discussion also covers the impact of the referendum on economic indicators like asset prices, exchange rates, and business investments, emphasizing the need for careful observation of these factors to understand the full impact on the UK economy.

What is the significance of the depreciation of sterling following the referendum?

In what ways might businesses react to the uncertainty following the referendum?