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More from Mann: Markets "are pricing in too many cuts"

BOE
  • Mann says markets "are pricing in too many cuts".
  • "In some sense, I don't have to cut because the market already is."
  • Mann says comparing UK to Europe and US is "interesting and valuable." Wage dynamics in the UK are stronger and more persistent that wage dynamics in the US or EZ. Underlying services dynamics are also stickier, more persistent than in US or EZ.
  • Mann on Bernanke report: Most models are linear and symmetric. That doesn't mean you can't bolt on important research that helps you understand how firms react in a nonlinear or asymmetric situation.
    Thinking seriously about how to intergrate partial equilibrium or firm-level analysis of behaviours; how to incorporate that into a macro setting, that is something worthy of more analysis.- Mann asked on dot plots says: "We do better than dot plots" and "we give you more information."
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