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National Institute Economic Review articles from August 1991
Quarterly publication publishes research, commentary and forecasts on economic and social issues, includingeconomic modeling and analysis, productivity and competitiveness and education and training.
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National Institute Economic Review archives from August 1991
Summary and appraisal. (Great Britain's economy vis-a-vis the world economy)
August 1, 1991... The Domestic Economy
The recession, by which we mean the fall in gross domestic product, seems now to be coming to an end. The low point may well have been in the second quarter of this year. But the recovery is likely to be slow and...
The home economy. (economic forecasts for Great Britain)(Chapter 1)
August 1, 1991... The forecasts were prepared by Andrew Britton, Nigel Pain and Soterios Soteri, but they draw on the work of the whole team engaged in macroeconomic analysis and modelbuilding at the Institute. Part One of the chapter was written by Andrew...
The world economy. (Chapter II)(includes related articles)
August 1, 1991... In the course of the last 2 years economic performance in the major 7 economies has become less synchronised. in 1988 GNP grew by more than 3.5 per cent in all seven economies, with growth rates either at or close to cyclical highs. However for...
FEERs and the ERM. (fundamental equilibrium exchange rate; exchange rate mechanism)
August 1, 1991... A number of economists, including the author, were critical of the central rate that was chosen when sterling entered the ERM in October 1990, on the ground that it overvalued the pound. Specifically, the central rate against the other ERM...
FEERs and the path to EMU. (fundamental equilibrium exchange rate; European monetary union)
August 1, 1991... The concept of the Fundamental Equilibrium Exchange Rate (FEER) was first used in Williamson (1983) to calculate the misalignments of the exchange rates for major currencies, and as a basis for his target zone proposal. In this note we use the...
Comparative properties of models of the UK economy.
August 1, 1991... This article describes the current versions of six leading macroeconometric models, focusing on their treatment of several current policy issues, namely the role of the housing market, the implications of ERM membership and, more generally, the...
Deregulation, debt and downturn in the UK economy.
August 1, 1991... The Review is pleased to give hospitality to the deliberations of the CLARE Group but is not necessarily in agreement with the views expressed. Members of the CLARE Group are M.J.Artis,A.J.C. Britton, WA. Brown, C.H. Feinstein, C.A.E Goodhart,...