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Macroeconomic policy


Macroeconomic policy – like the interest rates set by the Bank of England, or the level of spending and taxes set by the Government – affect the overall level of economic activity, and so have an impact on living standards across the board. Such policies play a crucial role in reducing the damage caused by recessions. And this is particularly important for those on low to middle incomes who are often particularly badly affected by a severe economic downturn. Our work seeks to contribute to a better-informed and more inclusive macroeconomic policy debate.

Contacts

James Smith

James Smith

Research Director
T: 0203 372 2953
E: james.smith@resolutionfoundation.org

Jack Leslie

Research and Policy Analyst
E: jack.leslie@resolutionfoundation.org
Publications

Unhealthy finances

How to support the economy today and repair the public finances tomorrow

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This report provides analysis of the dual challenges faced by the government: ensuring that there is sufficient fiscal support through the crisis and recovery, and setting fiscal policy on a…
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Publications

The Bank of England’s options for supporting the economy

Lessons from the US

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Ahead of this week’s Monetary Policy Committee meeting, we discuss what recent changes to how US policy makers approach setting interest rates might tell us about what additional support the…
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Events

Coronanomics

The economic challenges of COVID-19

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…
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Events

Coronanomics: Challenges from the distributional impact of the crisis

Live interactive webinar. Register to receive access link. While the health implications of the COVID-19 crisis have fallen overwhelmingly on older generations, the economic fallout has fallen heavily on the…
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Events

Coronanomics: Challenges facing monetary policy makers

Live interactive webinar. Register to receive access link. The financial crisis led central banks around the world to push interest rates to historic lows and print money in order to…
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Events

Coronanomics: Challenges facing fiscal policy makers

Live interactive webinar. Register to receive access link. With a decade of low interest rates, low growth and low inflation leaving central banks in advanced economies unable to perform their…
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Publications

Macroeconomic Policy Outlook Q3 2020

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This is our regular Macro Policy Outlook, providing a policy-focused take on the economy. In this edition, we focus on the labour market, and the prospects for unemployment. While the…
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Publications

Act now, or pay later

The OBR’s Fiscal Sustainability Report makes clear the implications of a crisis-driven rise in unemployment for the public finances

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The OBR’s latest Fiscal Sustainability Report confirms its view that the current crisis could lead to the largest economic contraction in 300 years precipitating a return of unemployment levels not…
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