Blog
The NIESR blog is a forum for Institute research staff to provide an informed, independent view on current economic issues and recent NIESR research. The views expressed here are those of the authors, and are not necessarily those of the Institute.
Posted: 20 January, 2017 - 13:09
with: Comments
How does a government reduce its public debt burden relative to national income, which is what I mean by a fiscal consolidation? There are a number of obvious instruments that might bear immediate fruit: reduce the flow of government deficits by increasing taxes or reducing government expenditure or to develop expenditures that increase output by more than the increase in the deficit. The latter is of course the search for the holy grail of a multiplier greater than one and the former is often termed 'austerity'.
Posted: 16 January, 2017 - 18:11
with: Comments
At noon today, the Prime Minister will set-out the government’s strategy for Brexit. Mrs May will no doubt repeat that Brexit means Brexit. But the important question is what will be the UK’s future economic arrangement with the EU? The Prime Minister will try and keep her options open, but the trade-offs involved seem to make a ‘Hard Brexit’ inevitable.
Posted: 13 January, 2017 - 09:24
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Outside it is rather miserable. It is wet, windy and dark. And Blue Monday looms. But at the Institute January is a forecast month, so we are kept warm by the comfortable whirring of economists running models, assessing data, understanding deviations of outcomes from expectations and applying dollops of judgement.
Posted: 6 January, 2017 - 16:55
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In a Keynesian view of the world, the joint actions of monetary and fiscal policy set the level of overall demand in the economy.
Posted: 20 December, 2016 - 12:45
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Christmas is here and being marked in the British way by excessive consumption of food and drink, harvested, processed, delivered and served thanks to the labour of migrant workers.
Posted: 16 December, 2016 - 10:35
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We are asked to consider what has caused this year's revolt against the conventional wisdom that liberal capitalism is the best way to guarantee economic welfare. It is too early to account for all the reasons. But a primary candidate is the continuing inability of the economy to generate median real wage growth
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