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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

Senior Economist
E: jack.leslie@resolutionfoundation.org
Publications

Cap off

Understanding the April 2022 inflation release

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Inflation reached a 40-year high in April off the back of a sharp rise in energy bills and the highest food price inflation in a decade. These recent drivers of…
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Publications

Crunch time

Bank of England raises rates again and signals cost of living crisis is set to deliver a £1,200 hit to incomes

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Today the Bank of England’s Monetary Policy Committee raised rates at a fourth successive meeting – a first in the 25 years since it was granted independence – to 1…
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Events

Taking the right path

Where does monetary policy go in a low rate, high inflation, unstable economic environment?

Register to attend in person or receive access link for remote viewers. The Resolution Foundation and the Money, Macro and Finance Society are co-hosting a new series of events to…
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Events

Together we stand, divided we fall?

Is multilateral policy making equipped for the global economic challenges we face?

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…
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Events

From Covid to conflict

New economic policy challenges for an uncertain world

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…
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Publications

Macroeconomic Policy Outlook: Q1 2022

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2022 is shaping up to be difficult year for policy makers at the Bank of England. While the fastest recovery from a recession since the war is clearly good news,…
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Publications

What goes down must come up

The Bank of England becomes the first major central bank to raise rates but impact will be small with fiscal policy key to Omicron response

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The Bank of England performed a ‘bait and switch’ by not raising rates in November when many people expected they would, but then raising them today when many thought the…
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Publications

Macroeconomic Policy Outlook Q3 2021

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With the economic outlook improving, there has been much debate about when the Bank of England should start tightening policy. But the Bank also faces a key decision about how…
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