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National Institute Economic Review articles from January 1997
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 January 1997
Economic prospects for the UK and policy recommendations.
January 1, 1997... Much the most important economic change of the last quarter has been the continuing rise in the exchange rate. We commented in October that if the high level of sterling persisted then this would provide an element of monetary tightening and...
The UK economy.
January 1, 1997... Section I. Recent Developments and Summary of the Forecast
Since our last forecast, the level of sterling and its future prospects have changed dramatically, with the effective rate rising by around 10 per cent. Early signs of a shift in...
The world economy.
January 1, 1997... Section I. Recent Economic Developments
Introduction
There are now widespread signs that activity in the world economy has begun to recover steadily from the pause in growth apparent at the beginning of 1996. Output rose by 0.6 per...
Shocks to the system: the German political economy under stress.
January 1, 1997... The German economy is recovering hesitantly from the sharp post-unification boom and recession. Two features of recent West German performance are novel: there has been an unprecedented loss of jobs in industry, and manufacturing profitability...
Taking a view on price review. A perspective on economic regulation in the water industry.
January 1, 1997... The end of 1996 was an important milestone in water regulation. We were able to document the water companies' performance during the first year of the price limits set in 1994. This article provides an opportunity to look back at those price...
Promoting efficient competition in telecommunications.
January 1, 1997... Introduction
Competition in the telecommunications industry is increasingly seen as the preferred market structure for delivering services over telephone networks.(1) It is hoped that competition in the industry will promote economic...
Saving Europe's automatic stabilisers.
January 1, 1997... 1. Introduction
What is the role for fiscal policy in Europe's monetary union? This question is addressed in the MacDougall Report (1977), the Delors Report (1989), and the Maastricht Treaty (1991). The MacDougall Report emphasised the...