Banking
Laughing all the way to the bank – why Brits derided ‘Laurel and Hardy’ line-up at Kilkenomics
In November 2015, the members of the Monetary Policy Committee were inspired by David McWilliams’ ‘Davos with jokes’
Kilkenomics remains a thriving annual festival but it may nonetheless have reached peak influence eight years ago, at least in the upper echelons of the Bank of England.
Newly published transcripts of the central bank’s monetary policy committee meetings in 2015 show that, as its top economists discussed interest rate decisions, popular economist David McWilliams’ ‘Davos with jokes’ festival was triggering chuckles in one of the most powerful rooms in London.
Not everyone around the ...
