Monetary policy
·
Fiscal policy
·
Macroeconomic policy

Recession ready?

Assessing the UK’s macroeconomic framework

by

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 on the ability of the framework to provide effective support to the economy in the face of the next recession. This work is important, given … Continued

Monetary policy
·
Macroeconomic policy

Quantitative (displ)easing?

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

by

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 controversial – barely a third (37 per cent) of UK Members of Parliament, when polled, support its use in future. In theory, QE stimulates the … Continued

Monetary policy
·
Fiscal policy
·
Macroeconomic policy

A problem shared?

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

by

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 in the aftermath of the financial crisis. So this briefing note looks at what lessons we can learn from that episode about the distributional impact … Continued

Failing to plan = planning to fail

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

by

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 need to play its part in mitigating this damage. But the legacy of the financial crisis looks likely to limit its power, making it all the more important to open up the debate about what is possible.

Household debt
·
Monetary policy
·
Wealth & assets
·
Housing

An unhealthy interest? Debt distress and the consequences of raising rates

by

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 is taking out all the credit. We consider also how the profile of the UK’s household debt will stand up to increasing interest rates in the coming years.

Loading
No more publicstions found