Macroeconomics

Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | Authors: Barker, K | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Discussion of the UK’s housing crisis is of long date, and tends to focus on a simple story about a mismatch in housing supply and demand and the consequent need to build more homes. Yet the reality is more complex with multiple sub-plots including social housing, stress in the private rented...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Jones, R, Llewellyn, J | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Infrastructure investment can substantially increase a nation’s capital stock and thereby boost productive, or supplyside, potential. It can also be useful as a tool in macroeconomic stabilisation, while public spending on quality infrastructure projects has been shown to have significantly greater...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Zenghelis, D | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
The need to decarbonise the economy in order to slow the pace of climate change is now recognised as one of the most pressing international policy challenges. While the UK cannot by itself materially affect global climate change, it has an opportunity to play an influential role, both by persuading...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | Authors: Besley, T | External authors: Davies, R | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Alongside the challenge of maintaining economic competitiveness in the face of great uncertainty, Brexit brings an opportunity for the government to set out a new industrial strategy. The case for doing so rests on the need to address areas of persistent structural weakness in the UK economy,...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Grant, M | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Threats to the security of the UK are evolving with the changing nature of conflict and balance of power in the world. They are multiple and fragmented, and domestic and online as well as overseas in nature: principally state-based threats such as posed by Russian activity; terrorism; cyber-attacks...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Greenstock, J | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
After Brexit, the UK must show that it has a voice. It will need to re-earn international respect, and in particular establish the concept of a ‘global Britain’ on the basis of performance, not rhetoric. That means re-establishing a strong network of relationships around the world in support of its...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Lautenberg, A | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Services are simultaneously the most important sector of the UK economy and the sector facing the biggest challenge as a result of Brexit. The prospective departure from the European Single Market reduces the UK to the status of ‘3rd country’ in respect of services. Accessing the internal market...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Vines, D, Gretton, P, Williamson, A | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
The UK faces no easy options in determining how to develop its approach to international trade post-Brexit. If it finally decides to leave the European Customs Union and Single Market, it faces the possibility either of simply crashing out of the EU without a deal; trying to form market-access...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Martin, J | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Economic policymaking in the UK has historically focussed more on the demand side than on the supply side of the economy. Yet it is on the supply side – the way in which an economy adapts to change while growing productive capacity on a sustainable basis – that medium- to long-term economic...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | External authors: Jones, R, Llewellyn, J | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
The UK economy faces more than usually uncertain times. Outside the European Union, and in an increasingly  challenging  global environment characterised by ageing populations, climate change, populism, protectionism, and more, the country needs to chart a new course. This may well require...

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