Blanchflower: BOE Inaction Clearly a Surprise

The video discusses the unexpected BYOE move and its implications on the economy, particularly in the context of Brexit. It highlights the use of economic indicators to predict recessions, drawing parallels to the 2008 financial crisis. The impact of Brexit on the British pound and the potential strategies of the Bank of England are examined. The video concludes with a discussion on the Central Bank's response strategy and the challenges faced by fiscal authorities.

What was the general sentiment among businesses and consumers following the Brexit vote?

• Negative with hiring freezes and investment collapses

• Indifferent and unaffected

• Neutral and unchanged

• Optimistic and positive

How do the current economic indicators compare to those from the Great Recession of 2008?

• They are more positive now

• They are less reliable

• They are completely different

• They are showing similar warning signs

Why has there been a delay in implementing economic measures post-Brexit?

• Because of a lack of government and need for approval

• Due to a stable government

• Because the economy is doing well

• Due to international pressure

What is a potential concern for the Bank of England regarding the pound's depreciation?

• It might lead to increased exports

• It will have no impact

• It could limit their ability to act

• It will strengthen the economy

What is expected to happen to economic forecasts following Brexit?

• They will remain the same

• They will be more optimistic

• They will need to be revised to reflect Brexit

• They will be based on pre-Brexit conditions