Coronavirus· Economy and public finances· Macroeconomic policy The economic outlook Speech by the Governor of the Bank of England Andrew Bailey Monday 8 March 2021 The Covid-19 pandemic has sparked a truly global economic crisis, affecting families, firms and institutions throughout the world. The UK has been hard hit – experiencing the biggest economic contraction in over three centuries – but the fast pace of its vaccine roll-out means that the economy is expected to recover rapidly this year. The … Continued READ MORE
Coronavirus· Incomes· Macroeconomic policy Coronanomics: Challenges from the distributional impact of the crisis Friday 11 December 2020 While the health implications of the COVID-19 crisis have fallen overwhelmingly on older generations, the economic fallout has fallen heavily on the young and those on lower incomes. Given the highly uneven impact of the crisis, policymakers face huge challenges in preventing the crisis from creating new inequalities and exacerbating existing ones. In this webinar, … Continued READ MORE
Coronavirus· Fiscal policy· Macroeconomic policy Coronanomics: Challenges facing fiscal policy makers Monday 30 November 2020 With a decade of low interest rates, low growth and low inflation leaving central banks in advanced economies unable to perform their traditional role of supporting the economy during a downturn, fiscal policy must step up and play the leading role this time around. This changes radically how we should think about the role of … Continued READ MORE
Coronavirus· Economy and public finances· Macroeconomic policy Coronanomics The economic challenges of COVID-19 Monday 30 November 2020 The COVID-19 pandemic has upended economies across the world. The daunting scale, pace and uncertainty of the crisis has presented huge challenges for economics, and for economic policymakers attempting to steer countries through it while limiting the damage to citizens’ lives and livelihoods. And even if a vaccine is found soon, the legacy of the … Continued READ MORE
Coronavirus· Monetary policy· Macroeconomic policy Coronanomics: Challenges facing monetary policy makers Monday 30 November 2020 The financial crisis led central banks around the world to push interest rates to historic lows and print money in order to purchase assets on a vast scale. Does this mean that central Banks’ policy toolkit is now empty, or do they need to find new tools and strategies? What role should central Banks play … Continued READ MORE
Coronavirus· Economy and public finances· Macroeconomic policy An economic battleplan Assessing the design and delivery of Britain’s COVID-19 response Thursday 30 April 2020 Faced with an unprecedented economic crisis, the Government and the Bank of England have announced an unprecedented package of support measures – from business loans and more generous benefits, to paying the wages of a huge proportion of the private sector workforce. This bold action is costly but necessary – and more will be required … Continued READ MORE
Fiscal policy· Macroeconomic policy Rewriting the rule book A new fiscal framework for new economic times Tuesday 29 October 2019 We present our latest paper from our Macroeconomic Policy Unit on what the UK’s new fiscal rules should be, followed by a debate by an expert panel on the pros and cons of new fiscal rules. READ MORE
Macroeconomic policy Dealing with ‘No Deal’ What should the Chancellor and Governor do? Thursday 19 September 2019 Across Whitehall, preparations for ‘No Deal’ are now dominating, from maintaining medical supplies to bolstering border controls. But the Treasury and the Bank of England also need to prepare a macroeconomic response to a ‘No Deal’ Brexit. READ MORE
Macroeconomic policy Ready for the next recession? Assessing the UK’s macroeconomic framework Monday 9 September 2019 To mark its launch of its new Macroeconomic Policy Unit, Resolution Foundation is hosting an event that brings together leading macroeconomists and policy makers, and will include the publishing of a comprehensive assessment of the UK’s current macroeconomic policy framework. READ MORE
Monetary policy· Macroeconomic policy Meet the new dosh, same as the old dosh Should ‘People’s Quantitative Easing’ be used to fight the next crisis? Tuesday 9 July 2019 Book launch for economist Frances Coppola’s new book ‘The Case for People’s Quantitative Easing’. A panel of experts joined Frances to debate the role of QE in the next recession READ MORE
