Why bond yields matter far beyond markets
Higher sovereign yields change mortgage costs, fiscal space and the economics of public investment.
INSIGHTS
Economics without the fog.
Short, evidence-led analysis on growth, fiscal policy, healthcare, prevention and the European economy.
FEATURED · UK ECONOMY
Resilience is not momentum.
An economy can absorb shocks and still fail to generate the productivity, investment and real-income growth needed for durable prosperity. The policy question is how to create momentum without compromising fiscal credibility.
RECENT THEMES
The issues I keep coming back to.
These are the recurring questions behind my research, interviews and policy work.
Prevention is an investment problem, not just a health problem
The returns show up in future healthcare demand, labour-market participation and public finances.
Stability is not the same as growth
Weak productivity and investment can coexist with short-run resilience.
Competitiveness without abandoning the social model
Europe’s challenge is to raise investment and productivity while protecting social cohesion.