What does "The Cat in the Hat" have to do with central banking? It's not that far-fetched of a question.
Andrew Haldane, the chief economist of the Bank of England, drew from the work of Theodor Seuss Geisel, known to children and parents worldwide as Dr. Seuss, to communicate monetary policy matters in a simpler way.
Dr. Seuss' short style has inspired Mr. Haldane, the economist noted in a speech last year. Mr. Haldane titled his December speech "One Car, Two Car, Red Car, Blue Car," in which he described two imaginary economies and how they benefit or lose from central bank actions.
The title drew from Dr. Seuss' "One Fish, Two Fish, Red Fish, Blue Fish," published in 1960.
In the transcript of his talk, Mr. Haldane said: "The use of simple language contains an important lesson for economists like me."
Mr. Haldane declined requests to elaborate on his literary inspiration.
