Monetary policy· Macroeconomic policy Macroeconomic Policy Outlook: Q3 2022 10 October 2022 by Jack Leslie and Krishan Shah and James Smith …it is affected by compositional effects related to the pandemic, including from the furlough scheme which added around 1 percentage point to wage growth in Q1 2022. Total pay growth… READ MORE
Labour market Understanding the labour market: pandemic not pandemonium The labour market is normalising, not overheating 28 June 2021 by Torsten Bell and Kathleen Henehan and Krishan Shah and Hannah Slaughter and Greg Thwaites …have now returned to work (see Figure 2).1 Moreover, 69 per cent of those who were still furloughed in October 2020 (the trough for furlough rates in between lockdowns) have… READ MORE