Jack Meaning (@MeaningJ) profile picture

Jack Meaning

@MeaningJ

Economist at the Bank of England. Not tweeting in an official capacity.

Joined November 2013
  • Tweets126
  • Following97
  • Followers131
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Photo by Jack Meaning (@MeaningJ)Photo by Jack Meaning (@MeaningJ)Photo by Jack Meaning (@MeaningJ)Photo by Jack Meaning (@MeaningJ)
Yesterday's BU post on the (lack of) inflationary effects of abolishing the 1p and 2p coins was featured by the BBC, Guardian and FT... bbc.co.uk/news/business-4526… theguardian.com/business/201… ft.com/content/9eb76056-a5e5…
Scrapping 1p and 2p copper coins 'won't increase prices'

Scrapping 1p and 2p copper coins 'won't increase prices'

Fears that everything would become more expensive by rounding up prices are unfounded, economists say.

bbc.co.uk
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Thanks @PeacheyK for a great write-up of our @BoE_Research on why scrapping the penny wouldn't cause inflation.
Kevin Peachey (@PeacheyK) profile pictureKevin Peachey@PeacheyK22 Aug 2018
So, about those 1p and 2p coins... bbc.co.uk/news/business-4526…
Scrapping 1p and 2p copper coins 'won't increase prices'

Scrapping 1p and 2p copper coins 'won't increase prices'

Fears that everything would become more expensive by rounding up prices are unfounded, economists say.

bbc.co.uk
Great coverage in the FT on our @BoE_Research showing why removing the penny would not cause inflation. ft.com/content/9eb76056-a5e5…
Scrapping 1p and 2p coins would not cause inflation, says BoE

Scrapping 1p and 2p coins would not cause inflation, says BoE

Removing copper coins from circulation would have ‘no significant impact’ on prices

ft.com
Amazing day yesterday raising money for @JDRF . Massive thanks to @FRANChockyUk for all their support and for everyone that turned up to play, to cheer and to make it such a wonderful event!
Image from Jack Meaning (@MeaningJ)
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So this morning I… instagram.com/p/Bjbjw-anHiXP…
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Good piece discussing our work on a central bank digital currency in @CityAM by @jjpjolly cityam.com/286652/bank-engla…
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#bankunderground: Central Bank Digital Currency could strengthen the transmission of monetary policy. bankunderground.co.uk/2018/0…
Image from Bank of England Research (@BoE_Research)
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The Bank of England recently published research which found that a central bank digital currency (CBDC) could allow QE to bypass the banking sector, avoiding some of the unwanted side effects. Read Ben Dyson and @MeaningJ's blog on it here: bankunderground.co.uk/2018/0…
Would a Central Bank Digital Currency disrupt monetary policy?

Would a Central Bank Digital Currency disrupt monetary policy?

Ben Dyson and Jack Meaning A “Central Bank Digital Currency” (CBDC) may sound like it’s from the future, but it’s something that many central banks are researching today, including those in Sweden,…

bankunderground.co.uk
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A digital currency issued by a central bank wouldn't disrupt monetary policy, it may even help it. And it would offer a new way to do QE. New blog based on @BoE_Research #CBDC #Crypto bankunderground.co.uk/2018/0…
Would a Central Bank Digital Currency disrupt monetary policy?

Would a Central Bank Digital Currency disrupt monetary policy?

Ben Dyson and Jack Meaning A “Central Bank Digital Currency” (CBDC) may sound like it’s from the future, but it’s something that many central banks are researching today, including those in Sweden,…

bankunderground.co.uk
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Important new research from the Bank of England shows that a central bank digital currency, as recommended in our recent Future of Cash report, won't cause central banks to lose control of monetary policy. Co-authored by Positive Money co-founder Ben Dyson bankofengland.co.uk/working-…
Image from Positive Money UK 🦋 @positivemoneyuk.bsky.social (@PositiveMoneyUK)
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Everyone has an account at the central bank? Could improve monetary transmission, but financial stability risks would need to be managed. bankofengland.co.uk/working-… xitter.gq/BoE_Research/status/99…
Broadening narrow money

Broadening narrow money

Working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk
Bank of England Research (@BoE_Research) profile pictureBank of England Research@BoE_Research18 May 2018
Replying to @BoE_Research
4/ Individuals generally can’t hold CB reserves, but could hold universally accessible CBDC. So creates new, closer, substitute to bank deposits. So to keep savers funds, banks passthrough of policy rate changes might be faster and fuller: giving monetary policy more “bite”.
A central bank digital currency could change how QE happens - without the need to put reserves into the banking sector. bankofengland.co.uk/working-… xitter.gq/BoE_Research/status/99…
Broadening narrow money

Broadening narrow money

Working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk
Bank of England Research (@BoE_Research) profile pictureBank of England Research@BoE_Research18 May 2018
Replying to @BoE_Research
6/ CBDC might offer a new way to do QE. Currently, CBs buy assets with newly issued reserves- so have to buy from CB account holders (= using commercial banks as intermediaries). Under universally accessible CBDC, CBs could bypass intermediaries & buy assets off non-banks too.
[THREAD] SWP 724 by Ben Dyson, Jack Meaning, James Barker and Emily Clayton explores how a central bank digital currency (CBDC) might affect the monetary transmission mechanism (MTM). bankofengland.co.uk/working-…
Broadening narrow money

Broadening narrow money

Working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk
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A digital currency issued by a central bank? How would that affect monetary policy? New Bank of England SWP suggests it could have its benefits. bankofengland.co.uk/working-…
Broadening narrow money

Broadening narrow money

Working papers set out research in progress by our staff, with the aim of encouraging comments and debate.

bankofengland.co.uk
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Our latest monthly #UK GDP estimates suggest output grew by 0.4% in the 3 months ending in Oct2016 #NIESRGDP tinyurl.com/o6eqrvr
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New paper by @ESRIDublin on impact of Brexit on #Ireland quotes NIESR research extensively - more here: esri.ie/publications/modelli…
Image from National Institute of Economic and Social Research (@NIESRorg)
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#ECB Contraints on #QE programme - our @SimonNIESR @MeaningJ #box ahead of our latest #Review out Nov 2nd @SAGE_News tinyurl.com/ztn72a2
Image from National Institute of Economic and Social Research (@NIESRorg)
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As our monthly #NIESRGDP estimates show a slowdown to 0.4 for Q3, here is 2014Q1-2016Q3 UK #GDP #growth summary in one #infographic
Image from National Institute of Economic and Social Research (@NIESRorg)
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Play with our #infographic to see last 2 yrs of GDP growth - Click to see the charts move! tinyurl.com/zmbh3jy
Image from National Institute of Economic and Social Research (@NIESRorg)
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Interested in bond market movements? @NIESRorg has something you may want to look at! xitter.gq/NIESRorg/status/778573…
National Institute of Economic and Social Research (@NIESRorg) profile pictureNational Institute of Economic and Social Research
@NIESRorg21 Sep 2016
Our new series of premia in sovereign #bond yields for #EMU #UK & #US economies out now: tinyurl.com/hr7ftnl
Image from National Institute of Economic and Social Research (@NIESRorg)
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