The next St Catharine's Political Economy Seminar in the series on the Economics of Austerity, will be held on 22 February, 2017 – Andy Haldane will give a talk on "Whose Recovery?". The seminar will be held in the Mill Lane Lecture Room 1 from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School.
Andy Haldane is the Chief Economist at the Bank of England and Executive Director, Monetary Analysis and Statistics. He is a member of the Bank’s Monetary Policy Committee. He also has responsibility for research and statistics across the Bank. In 2014, TIME magazine named him one of the 100 most influential people in the world. Andy has written extensively on domestic and international monetary and financial policy issues. He is co-founder of ‘Pro Bono Economics’, a charity which brokers economists into charitable projects.
Andy Haldane will talk on on the issue of at an aggregate level, there has been a strong recovery in the UK economy over the past three years and a dramatic improvement in the jobs market. For many, the economic recovery has been visible and tangible - in sales, in jobs, in investment. But for others it is barely visible and for some non-existent. Put differently, whose recovery are we actually talking about? This economic recovery has varied considerably across different dimensions depending on: where in the country you live, how old you are, what assets you own and your income level. For growth to be sustainable and strong it needs to be inclusive and comprehensive.
This talk will discuss how we might reconcile the macro data with these micro accounts, and what role public policy should seek to play over time to close these fault-lines and achieve inclusive and sustainable rises in societal well-being.