Comment Is the UK recession ready? 9 September 2019 by Torsten Bell The good news is we’ve now managed a recession free decade since the financial crisis. The bad news is that history teaches us this is quite unusual – booms and… Continue Reading
Publications Recession ready? Assessing the UK’s macroeconomic framework by James Smith and Jack Leslie and Cara Pacitti and Fahmida Rahman This report is the launch paper for the Resolution Foundation’s Macroeconomic Policy Unit. It provides the most comprehensive assessment of the UK’s macroeconomic policy framework since the financial crisis, focusing… Continue Reading
Publications Quantitative (displ)easing? Does QE work and how should it be used next time? 7 September 2019 by Jack Leslie and Fahmida Rahman and James Smith and Joe Gagnon After the financial crisis, central banks purchased massive amounts of long-term bonds to stimulate economies. These purchases have come to be known as quantitative easing (QE) and have been hugely… Continue Reading
Events Dealing with ‘No Deal’ What should the Chancellor and Governor do? UpcomingThursday 19 September 2019 Across Whitehall, preparations for ‘No Deal’ are now dominating, from maintaining medical supplies to bolstering border controls. But the Treasury and the Bank of England also need to prepare a… Continue Reading
Events 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… Continue Reading
Publications A problem shared? What can we learn from past recessions about the impact of the next across the income distribution? 5 August 2019 by James Smith While the received wisdom from the 1980s and 1990s recessions was that those at the bottom of the income distribution suffer most during severe downturns. But this was less obvious… Continue Reading
Comment Another summer blockbuster (on fiscal risks) from the OBR 18 July 2019 by Richard Hughes Today the OBR published its second Fiscal Risks Report, a comprehensive assessment of all the things that could go wrong with the UK’s public finances over the next 50 years.… Continue Reading
Publications Failing to plan = planning to fail The risk of recessions and the importance of macroeconomic policy in limiting the damage they cause 14 July 2019 by James Smith There is a relatively high risk that the UK will experience a recession in the next few years, bringing with it significant and lasting damage. Macroeconomic policy will once again… Continue Reading
