Macroeconomics

Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | Authors: Bidder, R | External authors: Llewellyn, J, Greenstock, J, Jones, R, Gowers, A, Llewellyn, P, Greenstock, N, Holtham, G, Scuoler, T | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
Regardless of the particular form that Brexit ultimately takes, the UK faces an unprecedented set of political, economic, and social challenges. While the causes are many and complex, they amount to a crisis of confidence and popular trust that has overturned the normal logic of political practice...
Publication date: 30 Oct 2019 | Publication type: National Institute Economic Review | Theme: Macroeconomics | Authors: Chadha, J S | Journal: National Institute Economic Review Issue 250 | Publisher: Sage Publications, London
We not only live in interesting times but also dangerous ones. The weaknesses of the post-war consensus on macroeconomic control was laid bare by Dow’s (1964) magisterial analysis and the subsequent implosion of demand management in the 1970s (see Blackaby, 1978; and Britton, 1991). It is becoming...
Publication date: 23 Oct 2019 | Publication type: Economic Review Preview | Theme: Macroeconomics | Authors: Young, G | External authors: Sanchez Juanino, P
  This is a preview from the National Institute Economic Review, November 2019, no 250.   On 12 September 2019, the ECB Governing Council announced a comprehensive package of stimulatory measures in response to a weaker outlook for growth and inflation and a concern that inflation expectations were...
Publication date: 23 Oct 2019 | Publication type: Economic Review Preview | Theme: Macroeconomics | Authors: Lenoel, C
  This is a preview from the National Institute Economic Review, November 2019, no 250.   The issue of whether fiscal and monetary policy should be coordinated is a hotly debated topic in the Euro Area. In September, the ECB cut the deposit interest rate and announced a new Quantitative Easing...
Publication date: 18 Oct 2019 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Van de Ven, J | External authors: Hérault, N | JEL classification: D31, H23, I38 | NIESR discussion paper number: 510
An issue of interest in the literature that explores the drivers of inequality is the distributional bearing of tax and transfer policy, where an important theme concerns changes in the relative treatment of alternative population subgroups.  We develop an empirical approach for quantifying the...
Publication date: 18 Oct 2019 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Chadha, J S, Rincon-Aznar, A | External authors: Srinivasan, S, Thomas, R | JEL classification: C82, E01, N1 | NIESR discussion paper number: 509
This paper provides an inventory of the available macroeconomic statistics in the UK for the last hundred years or so.  The focus is on documenting the higher frequency (daily, monthly and quarterly) macroeconomic data that are available after the World War 1, rather than longer run annual time...
Publication date: 15 Oct 2019 | Publication type: NIESR Wage Tracker | Theme: Macroeconomics
Labour market weathering an increasingly difficult economic environment ​ Main points According to new ONS statistics published this morning, UK average weekly earnings (AWE) expanded by 3.8 per cent (excluding and including bonuses) in the three months to August compared to the year before (figure...
Publication date: 2 Sep 2019 | Publication type: Economic Review Preview | Theme: Macroeconomics
  In this box,  which we published in our latest Review, NIER No. 249 August 2019, we evaluate the macroeconomic effects of expansionary fiscal policy measures on the UK economy. We consider two fiscal packages, one based on Labour Party policy and one based on some of the policies put forward...
Publication date: 20 Aug 2019 | Publication type: Business Conditions Forum Summary | Theme: Macroeconomics | Authors: Kara, A
National Institute of Economic and Social Research (NIESR) hosted the Business Conditions Forum (BCF) on 14th August. The aim of the BCF is to have informed and analytical discussions of data and surveys to better understand the current state of the UK economy. The discussions are held under...

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