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National Institute Economic Review articles from August 1992
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 1992
The UK economy. (forecast)
August 1, 1992... Section I. Recent Developments and Summary of the Forecast
The latest set of official statistics and survey evidence suggests that activity remained subdued in the first half of this year, with the optimism apparent in post-election...
The world economy. (forecasts)
August 1, 1992... Introduction
Three major features dominate our forecast. First, the collapse of the Japanese stock market has not yet had a major impact on the rest of the world, but it is expected to slow activity down in that country. Second, the...
Economic reform in Russia.
August 1, 1992... Little of what has been visibly happening in the former Soviet economy over the past two years reflects the intentions of its policymakers. Central planning has been abrogated and many prices freed, but the Russian authorities are struggling to...
Properties of the fundamental equilibrium exchange rate in models of the UK economy.
August 1, 1992... The Fundamental Equilibrium Exchange Rate (FEER) is that value of the real exchange rate that is consistent with macroeconomic equilibrium. This article uses the long-run trade equation elasticities from the models of Her Majesty's Treasury,...
The 1992 UK Presidency of the Council of Ministers.
August 1, 1992... On 1st July 1992 the UK took over the rotating six month Presidency of the Council of Ministers of the European Community from Portugal(1) at a crucial stage in the history of the European Community: a time when the Community faces a number of...
National institute economic forecasts 1968 to 1991: some tests of forecast properties.
August 1, 1992... Introduction
From time to time the Institute has published in the Review assessments of its economic forecasts based on statistical analysis of their relation with the outturn data. The most recent examples are Savage (1983) for GDP...
Forward-looking wages and nominal inertia in the ERM. (exchange-rate mechanism)
August 1, 1992... The purpose of this note is to discuss the role of forward-looking behaviour in wage formation in the major economies, and to analyse the implications for policy analysis using the National Institute Global Econometric Model, NIGEM. Our policy...
Britain's performance in international financial markets.
August 1, 1992... There have been few attempts to compare and explain inter-country contrasts in the efficiency and performance of service industries. This largely reflects the inapplicability to services of productivity comparison techniques developed for...