Economic policy must reflect business behaviour.

Financial Times (Letters), 26th July 2013 Sir, Robin Harding’s article “A mysterious divergence” (Financial Times, Analysis, July 25) shows how the change in the way management is paid has led to high profit margins and low investment. It should not surprise anyone...

Abenomics should take aim at structural reform

Financial News, a Dow Jones Company, 17th June 2013 A weak yen, a new governor of the Bank of Japan announcing a massive programme of quantitative easing, with the aim of ending deflation, and a rise of 2% of gross domestic product in government spending have caused a...

Abenomics.

Nikkei Veritas – Market Eye column., 7th April 2013 Japan suffers from a barrage of bad advice from economists, in which the new government seems sadly prone to believe. It is assumed that Japan’s economy has performed for many years below its potential and that...

If hopes were dupes, fears may be liars.

Financial News, a Dow Jones Company., 19th November 2012 Without a rise in corporate investment it will be difficult to take a buoyant view of the US economy. Talks on the shape of the US budget have begun. It is now clear that compromise is vital to stop the country...

The Change in Corporate Behaviour.

World Economics Journal, Vol. 13, No. 4 Oct-Dec 2012., 1st October 2012 Key points • Corporate behaviour in the UK and US has changed so that the cash surplus of the business sector has become a structural rather than a cyclical phenomenon. • This has arisen because...