Posted on Wednesday 29th January 2014
Professor Stephen Nickell visited Birmingham Business School last week to deliver a lecture entitled “Fiscal Responsibility in the UK”.
Stephen is an Honorary Fellow of Nuffield College, Oxford and is currently a member of the UK Budget Responsibility Committee, previously having been a member of the Bank of England Monetary Policy Committee from 2000 to 2006.
During his talk, Professor Nickell discussed many aspects of fiscal responsibility including the rate at which people who lend out money are willing to lend out to countries, the problems prior to the financial crisis and the process members of the UK Budget Committee go through.
He also stated that “it's important that the Government has an important fiscal plan” and that "the plan has to be credible so people believe in it".
The College of Social Sciences live tweeted the event, included quotes, photos and student comments; view the Stephen Nickell Storify.
Download a copy of Professor Nickell's lecture slides.
Martin Wolf, CBE is a British journalist, widely considered to be one of the world's most influential writers on economics and is the associate editor and chief economics commentator at the Financial Times.
He will be visiting the University of Birmingham to deliver his lecture “The Shift and the Shocks: lessons of the global financial crisis" on Wednesday 5th February 2014; find out more and register.
Stephen Nickell delivers his talk at Birmingham Business School.