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National Institute Economic Review articles from February 1995
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 February 1995
The UK economy. (Commentary)
February 1, 1995... The halt-point increase in UK interest rates at the beginning of the month, and the business reaction to it, suggest that the conduct of monetary policy is likely to become increasingly controversial during 1995. Short-term interest rates have...
Education and inequality. (Commentary)
February 1, 1995... This note is based on the discussion which took place at a meeting of the Members Forum on 9th February. The meeting was attended by business leaders and experts representing the Corporate Members of the Institute, as well as Institute Governors...
The UK economy.
February 1, 1995... Section I. Recent Developments and Summary of the Forecast
The UK economy will soon be completing the third year of recovery from the low point of the business cycle reached in the second quarter of 1992. Since that time output has risen by...
The world economy.
February 1, 1995... Section I: Recent Economic Developments
Introduction
Output growth throughout the OECD has been rising this year, and several economies including the US, Canada and the UK look as if are reaching their cyclical peak. Other economies, such as...
The role of macroeconomic models in the policy design process.
February 1, 1995... Introduction
This note examines the role of macroeconomic models in the policy design process. It discusses some of the general issues that need to be addressed if macroeconomic models are to make an important contribution to the policy...
Output gaps. Some evidence from the UK, France and Germany.
February 1, 1995... As the UK economy recovers from the recent recession, there is again widespread concern at the re-emergence of the spectre of inflation. Recent increases in base rates were primarily aimed at reassuring markets that inflation will be controlled....
Roads to full employment.
February 1, 1995... Can unemployment be cured by flexible labour markets? This current nostrum had little to do with the maintenance of full employment, with little inflation, throughout the 1950s and 1960s. The secret of that success can be traced to the high level...