Comment The Treasury and Bank of England should prepare for a three-pronged economic shock from ‘no deal’ 1 October 2019 by Jack Leslie 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,… Continue Reading
Publications Dealing with ‘no deal’ The economic policy response to a ‘no deal’ Brexit 19 September 2019 by Richard Hughes and Jack Leslie and Cara Pacitti and James Smith This report provides a framework for understanding what role macroeconomic policy can play in alleviating the economic impact of a ‘no deal’ Brexit. Continue Reading
Publications Recession ready? Assessing the UK’s macroeconomic framework 9 September 2019 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
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 and Cara Pacitti 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
Events Meet the new dosh, same as the old dosh Should ‘People’s Quantitative Easing’ be used to fight the next crisis? Tuesday 9 July 2019 Book launch for economist Frances Coppola's new book 'The Case for People’s Quantitative Easing'. A panel of experts joined Frances to debate the role of QE in the next recession Continue Reading
Publications An unhealthy interest? Debt distress and the consequences of raising rates 12 February 2018 by Matthew Whittaker Consumer borrowing has been surging over recent months, raising fears that we are storing up more debt-fuelled problems for tomorrow. This note digs into the numbers and focuses on who… Continue Reading
Comment The Bank has increased borrowing costs, but is personal debt bubbling over? 5 November 2017 by Matthew Whittaker Following a period of double digit growth in consumer credit over the last year or so, there have been some concerns about the reappearance of a debt bubble in the… Continue Reading
