Management School hosts first online Business Brunch of 2023

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Image with purple background with University of Liverpool logo and Business Brunch written in white

The Management School hosted an online Business Brunch on Friday 10 February which focussed on “Lessons from historical inflationary and currency crisis episodes in the UK”.

The session was run in partnership with Growth Platform, with whom the School has partnered on several similar events, and featured guest speaker Ryland Thomas, Senior Economist at the Bank of England.

Following an introduction by Hazel Kennedy, External Engagement Manager at the Management School, Mr Thomas highlighted three key periods of inflation dating back to the early 1920’s, giving detailed context about each.  He explained some of the policy changes introduced at the time to try and regain stability, each having different outcomes and efficacy.  In particular, he outlined several examples of economic ‘shocks’ and the impact they had on inflation and exchange rates.

The presentation was highly topical, given the current rate of UK inflation and the cost of living crisis, and he was able to draw some insightful conclusions from the three historical examples and relate them to modern times.

The presentation was followed by a Q&A session, facilitated by Professor Costas Milas, Professor of Finance at the Management School, whose research focusses on monetary policy issues relating to the UK, US and Eurozone economies. 

Professor Milas, said,

“We were fortunate to gain from Ryland’s expertise and insights at a time when current inflation is impacting business and society.  Our thanks go to him and the team at Growth Platform for partnering with us.”

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