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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

Is the UK recession ready?

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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…
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Publications

Recession ready?

Assessing the UK’s macroeconomic framework

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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…
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Publications

Quantitative (displ)easing?

Does QE work and how should it be used next time?

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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…
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Events

Dealing with ‘No Deal’

What should the Chancellor and Governor do?

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…
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Events

Ready for the next recession?

Assessing the UK’s macroeconomic framework

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…
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Publications

A problem shared?

What can we learn from past recessions about the impact of the next across the income distribution?

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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…
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Comment

Another summer blockbuster (on fiscal risks) from the OBR

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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.…
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Publications

Failing to plan = planning to fail

The risk of recessions and the importance of macroeconomic policy in limiting the damage they cause

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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…
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