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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

Jack Leslie

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

Political leaders must set out credible plans to tackle the next downturn

The time for action on macroeconomic policy is now

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Okay, fair enough, there’s a lot going on right now. With a fraught election campaign in full flow, and our future relationship with the EU still up in the air,…
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Publications

Playing by their own rules?

We analyse whether the policy platforms announced by the main parties are consistent with their own fiscal rules

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Fiscal rules are crucial for the government’s stewardship of the public finances and framing its economic priorities. So it is welcome that the main parties have prioritised setting out the…
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Publications

Totally (net) worth it

The next generation of UK fiscal rules

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The UK needs new fiscal rules which put improving net worth at the centre, enable the government to borrow to invest, are robust to a wide range of scenarios, and…
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Publications

Britannia waives the rules?

Lessons from UK and international experience with fiscal rules

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The UK’s current fiscal rules will expire in 2020-21 and all major political parties have committed to replacing them. This paper explores the lessons from UK and international experience that…
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Events

Rewriting the rule book

A new fiscal framework for new economic times

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…
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Comment

The Treasury and Bank of England should prepare for a three-pronged economic shock from ‘no deal’

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It’s a well-worn trope that no one knows what the economic impact of a no deal Brexit would be. And for good reason. The scale of disruption at the border,…
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Publications

Seeking public value

The case for balance sheet targeting in fiscal policy

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With the government’s current fiscal rules set to expire next year, this paper makes the case for government’s next fiscal framework to move beyond the narrow focus on debt and…
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Publications

Dealing with ‘no deal’

The economic policy response to a ‘no deal’ Brexit

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This report provides a framework for understanding what role macroeconomic policy can play in alleviating the economic impact of a ‘no deal’ Brexit.
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