Topic updates

Crash and the Michael Fish Moment for Economists

Ruth Tarrant

6th January 2017

Here's a summary from the BBC regarding the similarities between Michael Fish's hurricane-forecasting disaster from 1987 and the failure of central banks to correctly forecast the financial crisis and the immediate aftermath of the Brexit vote.

Andy Haldane believes it could be a pivotal moment in improving economic modelling and forecasting. As a way in with students, perhaps you could have a short classroom discussion about the ways in which economic modelling and forecasting could be improved.

Ruth Tarrant

Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.

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