Jagjit S Chadha
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jagjitchadha.bsky.social
Jagjit S Chadha
@jagjitchadha.bsky.social
130 followers 27 following 22 posts
Professor of Economics, University of Cambridge

Op-Ed writer

Part-time DJ at JFSR.co.uk

Semi-professional photographer

https://sites.google.com/view/matters-macro/home
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jagjitchadha.bsky.social
Jagjit S Chadha @jagjitchadha.bsky.social · Jan 22
Central banking will continue to dominate much of the agenda. If you want to understand some of the principles that underpin and explain thinking. My book will help.
Reposted by Jagjit S Chadha
niesrorg.bsky.social
🗓️-4 ⏳ #WeekendReading and countdown to the #SpendingReview

"Our #FiscalRules have acted to hold back our economic progress, and have led to a trivialisation of fiscal policy making"

Former Director @jagjitchadha.bsky.social‬ #blog on British fiscal framework
Of Fiscal Straitjackets and Flexibility - NIESR
Our fiscal rules have acted to hold back our economic progress. We need to commit to transparent and accountable assessment of our economy by the Chancellor
niesr.ac.uk
June 7, 2025 at 8:35 AM
Reposted by Jagjit S Chadha
janewayinstitute.bsky.social
📣New JI WP📣published by @jagjitchadha.bsky.social @econcam.bsky.social et al. : 'The Interest Rate Effects of Gov't Debt Maturity: Solving the Bond Conundrum'.
Read the paper and find out more: www.janeway.econ.cam.ac.uk/publication/...
May 28, 2025 at 11:17 AM
jagjitchadha.bsky.social
Very pleased to release our paper with colleagues at the BIS in Basle. Sadly Philip Turner died last year and this paper honours him. Short thread follows. 1/n

www.econ.cam.ac.uk/publications...
May 6, 2025 at 4:46 PM
jagjitchadha.bsky.social
The excitement over ONS February's estimate of monthly GDP is misplaced. The estimate is based on output data only. If we look at the components of the production sector since 2022, I would not get out any bunting. (Obs services and construction matter are also counted.)
April 13, 2025 at 7:46 AM
Reposted by Jagjit S Chadha
jagjitchadha.bsky.social
The US current account deficit results from an excess of investment over savings - trade frictions play a relatively minor role. This is because of impatient consumers, fiscal deficits and the availability of international funds. The Metzler diagram from my book, The Money Minders, Chapter 5. 1/n
April 11, 2025 at 4:50 PM
jagjitchadha.bsky.social
The US current account deficit results from an excess of investment over savings - trade frictions play a relatively minor role. This is because of impatient consumers, fiscal deficits and the availability of international funds. The Metzler diagram from my book, The Money Minders, Chapter 5. 1/n
April 11, 2025 at 4:50 PM
Reposted by Jagjit S Chadha
antonmuscatelli.bsky.social
What should rational players in world trade (the EU, China) do next? Instead of being tempted into more tit-for-tat tariff hikes with the US, they should try, through the WTO, to lower tariffs between the other trading blocks. The world trading system could turn away from the USA.
April 4, 2025 at 5:13 PM
Reposted by Jagjit S Chadha
econstevem.bsky.social
More generally we have seen a universal tariff of 10% on all countries with some facing much higher numbers: Vietnam are facing a tariff of 46%! A lot now depends on how other countries respond. @niesrorg.bsky.social @jagjitchadha.bsky.social @adrianpabst.bsky.social
April 2, 2025 at 9:03 PM
Reposted by Jagjit S Chadha
econromesh.bsky.social
Britain has a severe problem with its sluggish rate of growth; while Labour wishes to tackle it, it is going about it the wrong way, @jagjitchadha.bsky.social @theguardian.com

www.theguardian.com/commentisfre...
Labour's economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan, says Jagjit Chadha of Cambridge University
www.theguardian.com
March 25, 2025 at 10:42 AM
jagjitchadha.bsky.social
As we enter a potential #tariff war, I am reminded of my #StudiumGenerale @Unimarburg.bsky.social in 2010. Trade can collapse quickly and with it, income and productivity. Time to worry....
April 1, 2025 at 5:47 PM
jagjitchadha.bsky.social
I am very much looking forward to this on Friday....
April 1, 2025 at 2:37 PM
Reposted by Jagjit S Chadha
niesrorg.bsky.social
"Understanding the Effects of #Brexit on UK Productivity" ⚙ 🔍

In this NIER article, our @econstevem.bsky.social & @durhameconomics.bsky.social's Anamaria Nicolae & Michael Nower analyse the impact of Brexit on trade & #productivity 📊⬇ @durham-university.bsky.social
www.cambridge.org/core/journal...
March 28, 2025 at 11:44 AM
jagjitchadha.bsky.social
The #SpringStatement is in reality tinkering with our spending plans.

Are we now re-entering the realms of #finetuning in order to meet a variable target 4-5 years hence? This is a worry.

niesr.ac.uk/publications...
Response to the 2025 Spring Statement - NIESR
The 2025 Spring Statement was delivered against a background of continuing low growth and above target inflation. Did it deliver what was needed for the economy?
niesr.ac.uk
March 26, 2025 at 7:06 PM
jagjitchadha.bsky.social
Rather than a battle of accounting practices, we need to start from a government view on what it wants to achieve this Parliament on growth and productivity. Then to see what can be funded subject to a clear, transparent account of the risks to fiscal sustainability.
March 26, 2025 at 2:27 PM
Reposted by Jagjit S Chadha
jdportes.bsky.social
The Treasury needs to stop obsessing about fiscal rules: the Spring Statement should set out a growth strategy.

@jagjitchadha.bsky.social in @theguardian.com

www.theguardian.com/commentisfre...
Labour's economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan, says Jagjit Chadha of Cambridge University
www.theguardian.com
March 25, 2025 at 10:46 AM
jagjitchadha.bsky.social
My Op-Ed in today's @theguardian.com. Let's stop tinkering and adopt a credible economic strategy.

www.theguardian.com/commentisfre...
Labour's economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan, says Jagjit Chadha of Cambridge University
www.theguardian.com
March 25, 2025 at 8:11 AM
Reposted by Jagjit S Chadha
econstevem.bsky.social
Well worth reading @jagjitchadha.bsky.social thoughts on what should and should not be in Wednesday’s Spring Statement. www.theguardian.com/commentisfre... @niesrorg.bsky.social @adrianpabst.bsky.social
Labour's economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan, says Jagjit Chadha of Cambridge University
www.theguardian.com
March 24, 2025 at 4:09 PM
jagjitchadha.bsky.social
We can veer away from a rules -based target. We need though to explain why and when we will be back on track.

@rjpartington.bsky.social

www.theguardian.com/uk-news/2025...
‘Does it score?’ How the OBR became the key arbiter of the Treasury’s sums
Chancellor has very little headroom within her fiscal rules but is keen to keep Office for Budget Responsibility on side
www.theguardian.com
March 21, 2025 at 9:38 AM
Reposted by Jagjit S Chadha
niesrorg.bsky.social
In one week, the Chancellor will deliver her Spring Statement to parliament ⏰

At NIESR, we have long advocated the need to introduce more accountability and transparency into fiscal policy 💬👇 @jagjitchadha.bsky.social @econstevem.bsky.social @adrianpabst.bsky.social
niesr.ac.uk/publications...
The State of the Nation's Economy - NIESR
We need to introduce more accountability and transparency into fiscal policy based around the genuine economic and social performance of the United Kingdom.
niesr.ac.uk
March 19, 2025 at 11:21 AM
jagjitchadha.bsky.social
Not the way to fund public investment.

🎩 @maxmosley.bsky.social @niesrorg.bsky.social
January 23, 2025 at 1:48 PM
jagjitchadha.bsky.social
Bond crisis, what crisis?

www.centralbanking.com/central-bank...
The UK is not suffering another Truss shock - Central Banking
The increase in gilt yields is a long way from the turmoil of 2022, writes Jagjit Chadha. But it does highlight flaws in the use of fiscal rules
www.centralbanking.com
January 23, 2025 at 7:39 AM
jagjitchadha.bsky.social
Central banking will continue to dominate much of the agenda. If you want to understand some of the principles that underpin and explain thinking. My book will help.
January 22, 2025 at 5:29 PM