Economy 2030· Monetary policy· Macroeconomic policy A cost-of-living crisis Inflation during an unprecedented terms of trade shock Wednesday 8 March 2023 Speech by MPC member Swati Dhingra Britain has been buffeted by many different economic shocks in recent decades, but the most recent is a huge terms of trade deterioration following a spike in energy prices and disruption to global supply chains in the wake of the pandemic. This has given the UK the highest inflation … Continued READ MORE
Monetary policy· Macroeconomic policy The results of rising rates Expectations, lags and the transmission of monetary policy Thursday 23 February 2023 Speech by MPC member Catherine Mann Central bankers around the world have been busy raising interest rates from their historical lows in the face of mounting inflation, with the Bank of England raising the base rate at their last ten MPC meetings. But the big question for policy makers is not just what the impact … Continued READ MORE
Monetary policy· Macroeconomic policy Monetary policy in troubled times and beyond Valedictory speech by MPC Member Michael Saunders Monday 18 July 2022 Having taken more of a backseat in the economic policy response to the pandemic, monetary policy is back centre stage as central banks around the world grapple with the highest inflation many countries have seen in generations. Monetary policy makers are having to make crucial judgements over the pace and scale of interest rates rises … Continued READ MORE
Monetary policy· Macroeconomic policy Taking the right path Where does monetary policy go in a low rate, high inflation, unstable economic environment? Monday 9 May 2022 The Resolution Foundation and the Money, Macro and Finance Society are co-hosting a new series of events to dive into the big economic challenges we face as we recover from the pandemic and come to terms with the new world we now face. Internationally renowned economists and policymakers will discuss those challenges – from the … Continued READ MORE
Monetary policy· Macroeconomic policy From Covid to conflict New economic policy challenges for an uncertain world Thursday 28 April 2022 Register to attend in person or receive access link for remote viewers. The worst of the Covid-19 pandemic may be behind us. But new challenges have emerged. From rising inflation squeezing incomes across the world, to the biggest conflict in Europe since WWII, the economic landscape facing policy makers is as daunting as ever. How … Continued READ MORE
Monetary policy· Macroeconomic policy Together we stand, divided we fall? Is multilateral policy making equipped for the global economic challenges we face? Thursday 28 April 2022 The Resolution Foundation and the Money, Macro and Finance Society are co-hosting a new series of events to dive into the big economic challenges we face as we recover from the pandemic and come to terms with the new world we now face. Internationally renowned economists and policymakers will discuss those challenges – from the … Continued READ MORE
Economy 2030· Monetary policy· Firms· Economic growth Open for business? Assessing the performance of British firms Monday 15 November 2021 British firms have had a tumultuous decade – from the financial crisis to the Covid-19 pandemic. The 2020s brings new challenges as they grapple with post-Brexit trade and regulatory changes, the net zero transition, and improving the UK’s woeful productivity record. But what is the state of British business as it heads into this decisive … Continued READ MORE
Covid-19· Monetary policy· 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
Covid-19· Monetary policy· Budgets & fiscal events· Economy and public finances Budgeting for Britain’s economic recovery Thursday 25 February 2021 The economic outlook for 2021 is highly uncertain. Having started with a renewed lockdown and likely shrinking economy, a stronger than expected vaccine roll-out offers hope for a recovery in the months ahead. The upcoming Budget on 3 March will be critical in terms of shaping the strength and nature of that recovery from this … Continued READ MORE
Covid-19· Monetary policy· Labour market Recovering from long Covid Understanding the pandemic’s labour market legacy Thursday 18 February 2021 The Job Retention Scheme has provided vital support for millions of workers, and kept a lid on job losses. But with the country in a renewed lockdown, the combination of rising unemployment and long lasting furlough means an unprecedented number of people who have done little to no work in nearly a year. Previous recessions … Continued READ MORE
Covid-19· 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
Monetary policy· Labour market· Low pay· Pay· Economic growth Working Britain What does 2020 have in store for job prospects and pay packets? Friday 10 January 2020 Friday 10 January 2019, 9.30-10.45am, Resolution Foundation offices, Westminster 2019 was a good year for the labour market – the area of the economy that matters most to households. Employment reached a new record high, while pay growth finally approached pre-crisis levels. The strong performance of the UK labour market is all the more remarkable … Continued READ MORE
Monetary policy· Public spending· Economy and public finances· Economic growth· Macroeconomic policy The Economic Outlook for 2020 and beyond Speech by MPC member Jonathan Haskel Friday 20 December 2019 Friday 20 December, 11am-12pm, Resolution Foundation offices, Westminster The UK is about enter a new year, and a new decade, amid widespread economic uncertainty at home and abroad. Understanding the unique pressures facing the UK, and how our economy is influenced by wider economic trends, will be cruciall for policy makers as we enter a … Continued READ MORE
Monetary policy· 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· Economy and public finances The Economic Outlook: Speech by MPC member Gertjan Vlieghe Thursday 14 February 2019 Predicting the future is an impossible task during the most stable economic climates, let alone amid the uncertainty currently facing the UK economy. But a clear understanding of the UK’s economic outlook, and how this fits with wider global trends, is essential for sound policy making. At an event at its Westminster headquarters, the Resolution … Continued READ MORE
Monetary policy· Housing Causes and Consequences: The role of household debt in 21st Century Britain Monday 12 February 2018 The growth in household debt has outpaced growth in household incomes in recent years, putting questions about the causes and consequences of higher debt back in the spotlight. Should we worry that higher debt means that another credit crisis could be brewing? Or is growing household debt instead an indicator of rising consumer confidence? What … Continued READ MORE
Monetary policy· Labour market New Year, New Labour market? What does 2017 have to offer – Keynote speech by MPC member Michael Saunders Friday 13 January 2017 Rapid employment growth and historically low inflation have been the bedrock of a strong recovery in household incomes in recent years. However, both started to tail off towards the end of 2016 and are unlikely to re-emerge soon. Meanwhile a major fall in the value of the pound looks set to drive up inflation during … Continued READ MORE
Monetary policy· Economy and public finances All bound up? Monetary policy in recovery and beyond Thursday 28 January 2016 UK monetary policy is in a remarkable place, with the base rate nearing seven years at its historic low of 0.5 per cent and the Bank of England introducing a range of unconventional measures in order to help deal with the fallout from the 2008 financial crisis. While this must unwind at some point, rates … Continued READ MORE
Monetary policy· Economy and public finances· Macroeconomic policy Weathering the storm: the recent past, present and future of UK monetary policy Tuesday 14 July 2015 Resolution Foundation hosted David Miles’s outgoing speech as a member of the Bank of England’s Monetary Policy Committee. A member of the Monetary Policy Committee – the body responsible for setting the Bank of England’s base rate – since 2009, David Miles has been a key policy maker during a truly fascinating and tumultuous period for … Continued READ MORE
