The views expressed here are not necessarily those of the Bank of England or the Monetary Policy Committee. I would like to thank Shiv Chowla, Fergus Cumming, Alastair Firrell, Ryan Lovelock, Rebecca Mari, Georgina Parker and Doug Rendle for their help in preparing the text. I would like to thank Arjun Ahluwalia, Mike Anson, Kate Barker, Paul Clarke, Diane Coyle, Tom Forth, Clare Macallan and Rachael Muir for their comments and contributions. All speeches are available online at www.bankofengland.co.uk/speeches 1 Is All Economics Local? Speech given by Andrew G Haldane Chief Economist Bank of England Sheffield Political Economy Research Institute (SPERI) Annual Lecture University of Sheffield 7 May 2019