Haskel says BoE could benefit from focus on intangible capital
Productivity specialist says updated view of the economy could help with setting policy
The UK economy has gone from specialising in heavy industry to “intangible” capital such as the Harry Potter franchise, and the Bank of England’s monetary policy could benefit from recognising this distinction, Jonathan Haskel told lawmakers today (June 26).
The nominee, who will sit on the BoE’s monetary policy committee if confirmed, said the modern economy is “moving much more” in the direction of intangibles, something his own research has focused on.
“Thinking about these intangible
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