The continued risk of monetary overkill
We assess the risk of central bank over-tightening in an uncertain environment. We consider whether the level of monetary restriction could become excessive relative to what is needed to return inflation to target and the risk that the speed of tightening could cause financial market instability, looking at current key indicators and historical evidence across a range of advanced economies.
Ben May
Director, Macro Forecasting & Analysis
+44 (0) 203 910 8015
Ben May
Director, Macro Forecasting & Analysis
London, United Kingdom
Ben May is a Director of Global Macroeconomic Research at Oxford Economics and is involved in the production and presentation of the company’s global macroeconomic views, with a leading role in our coverage of the advanced economies. Ben joined Oxford Economics in April 2014. He has over 15 years’ experience as a macro economist in the public and private sector and has over a decade’s expertise covering the Eurozone economy.
Before joining the Global Macro team, Ben worked on the Eurozone team at Oxford Economics. In addition to his working covering broad Eurozone issues he was also responsible for research on the ECB and Germany. Prior to joining Oxford Economics, Ben spent over six years at Capital Economics and was responsible for the coverage of the southern Eurozone economies throughout the Eurozone crisis. Before that, he spent seven years at the Bank of England, working in three divisions of the Monetary Analysis area of the Bank, which provides research and analysis for the Monetary Policy Committee. Ben has a BSc in Economics with Statistics from the University of Bristol and an MSc in Economics from University College London.
Adam Slater
Lead Economist
+44 (0) 1865 26 8934
Adam Slater
Lead Economist
Oxford, United Kingdom
Adam Slater is a lead economist at Oxford Economics, responsible for contributing to and helping to communicate Oxford Economics’ global macroeconomic view, including writing for and helping edit regular publications. He has a particular interest in developments in financial markets. Before joining Oxford Economics, Adam spent more than ten years working as an economist and strategist in the City of London for Nomura, Rabobank, and Calyon.
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