Publication date: 6 Feb 2020 | Publication type: National Institute Economic Review | JEL classification: C22, N13, N14, O47 | Journal: National Institute Economic Review Issue 251 | Publisher: Cambridge University Press
We estimate trend UK labour productivity growth using a Hodrick-Prescott filter method. We use the results to compare downturns where the economy fell below its pre-existing trend. We find that the current productivity slowdown has resulted in productivity being 19.7 per cent below the pre-2008...
Publication date: 4 Dec 2017 | Publication type: National Institute Economic Review | Theme: Macroeconomics | Journal: National Institute Economic Review Issue Virtual issue | Publisher: Sage Publications, London
This is a new 'virtual' special issue of our Economic Review. Focusing on the financial crisis, it examines the roots and evolution of the crisis and lessons learned in the last decade.
Publication date: 29 Nov 2017 | Publication type: NIESR Discussion Paper | JEL classification: E52, E58, F31 | NIESR discussion paper number: 482
We study the use of US dollar central bank swap lines as a tool for addressing dislocations in the foreign currency swap market against the USD since the global financial crisis. We find that the use of the Federal Reserve’s USD central bank swap lines was mainly related to tensions in US money...