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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

Felicia Odamtten

Economist
T: 0203 372 2916
E: felicia.odamtten@resolutionfoundation.org
Events

Worlds apart

Why is UK inflation so much higher than in the US, and what does that tell us about the economic outlook?

Resolution Foundation event with The Brookings Institution Register to attend in person or to receive an access link for online viewers. The last few years have not been easy times…
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Events

Transformation nation

Steering Britain out of stagnation

The final report of The Economy 2030 Inquiry Register to attend in person or to receive an access link for online viewers. The UK economy is living with a toxic…
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Publications

The Macroeconomic Policy Outlook Q2 2023

by

The Bank of England has raised interest rates 12 times in a row, and UK families are dealing with the largest rise in more than 30 years. With all signs…
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Events

We need to talk about inflation

What history has to teach us about surging prices

Book launch event for We Need to Talk About Inflation by Stephen King From investors and academics, to governments and central banks, almost everyone had assumed high and persistent inflation…
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Events

A cost-of-living crisis

Inflation during an unprecedented terms of trade shock

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…
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Events

The results of rising rates

Expectations, lags and the transmission of monetary policy

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…
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Publications

Macroeconomic Policy Outlook: Q4 2022

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[1] The UK is experiencing high levels of inflation not encountered for 41 years, reaching 11.1 per cent in October. But what matters most for both people and policy makers…
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Publications

The art of expectations management

A bleak outlook from the Bank of England as it scales back rate hike expectations

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The Bank of England has raised rates by 75 basis points today – the eighth successive increase and the largest since 1989 – to 3 per cent, the highest since…
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