The Bank of England’s chief economist Andy Haldane has looked into the economic impact of the great homeworking experiment provoked by the pandemic. The first part of the speech deals with the impact on productivity. Before Covid-19, homeworking was associated with greater output and is now associated with less. One constant is that it has made us happier — primarily, Haldane thinks, because we no longer have to commute. Whether this slump in productivity and rise in happiness owes more to the novelty of the situation or something more profound is a question that cannot be wholly answered.There are good reasons presented for both cases in the speech — which we’d recommend you read. What we want to focus on here, though, is what Haldane has to say about the impact of
FT Alphaville considers the following as important:
This could be interesting, too:
Menzie Chinn writes “Trifecta”
Menzie Chinn writes Business Cycle Indicators as of December 1st
ocanuto writes The two sides of capital flows to Brazil
The Bank of England’s chief economist Andy Haldane has looked into the...