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Kaleidic Economics

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A monetary economics research outlet based in London.

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Kaleidic Economics

  • About
  • News
  • GUIDE
  • REPORTS
  • Topics
    • Prediction markets
    • Uncertainty
    • Natural Rate
    • Scenarios
    • 2019 annual report
    • 2020 annual report
  • Dashboard
  • DATA

Business Investment revisions are startling

March 6, 2015 Anthony J. Evans

I knew that the September 2014 changes to the National Accounts were big, but having a cursory look at Business Investment has been eye opening. The chart below shows the total amount (£ million), as of February 26th 2015, versus June 2013. The 2009 recovery phase is a stunning contrast. I've heard informally macro forecasters suggest that we just rip up everything we thought we knew. Why isn't this bigger news? 

← Update to Private Investment seriesNatural interest rate estimates make the Daily Telegraph →

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