Notwithstanding this, there is still a spending response  1  Some of this rise is also related to a pick-up in education-related travel following changes to arrangements for student visas since 2012. 2  See Lowe P (2015), “Low Inflation in a World of Monetary Stimulus”, Speech to the Goldman Sachs Annual Global Macro Economic Conference, Sydney, 5 March.
For the Monetary Policy Committee (MPC) at the Bank of England, they find heterogeneous views among voters, but no systematic differences based on whether the MPC member is an insider – that is part of the hierarchy at the Bank – or an outsider appointed for a short term just to the MPC; whether the person comes from an academic background; or whether that person has worked at the Treasury.