Economy 2030· Monetary policy· Fiscal policy· Macroeconomic policy Riding the economic rollercoaster Is Britain’s macroeconomic policy framework fit for purpose? Thursday 19 October 2023 …for monetary policy effectiveness and inflation targeting? Can the Treasury repeat the likes of furlough or caps on energy prices when the next crisis hits? And would it take to… READ MORE
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
Monetary policy· Macroeconomic policy Macroeconomic Policy Outlook: Q1 2022 4 March 2022 by James Smith …economy. One counter to this is that the fall in the deficit includes the withdrawal of emergency measures only appropriate during lockdown (for example the end of the furlough scheme)…. READ MORE
Monetary policy· Macroeconomic policy What goes down must come up The Bank of England becomes the first major central bank to raise rates but impact will be small with fiscal policy key to Omicron response 16 December 2021 by Jack Leslie and James Smith …recent months has been very positive with the success of the Government’s furlough scheme limiting the impact of the pandemic in terms of rising overall unemployment. Unemployment has repeatedly surprised… READ MORE
Economic growth· Macroeconomic policy Macroeconomic Policy Outlook Q4 2020 28 December 2020 by James Smith and Torsten Bell and Karl Handscomb and Jack Leslie and Cara Pacitti and Nye Cominetti …should be accompanied by grants focused on them, rather than paid to all business rate payers. The extension of the furlough scheme until April means that while unemployment will continue… READ MORE
Economy and public finances· Macroeconomic policy Macroeconomic Policy Outlook Q3 2020 21 September 2020 by James Smith and Jack Leslie …labour with employment falling less than output. In the OBR’s central scenario, 15 per cent of workers flow from furlough into unemployment when the JRS closes. Because those sectors worst… READ MORE
