National Institute Economic Review articles from January 2000

National Institute Economic Review archives from January 2000

COMMENTARY.(British economy)
January 1, 2000... Martin Weale and Garry Young The real exchange rate The UK economy continues to surprise, not so much because reasonably rapid growth has been resumed, as that it seems immune to the effects of the high exchange rate. The euro remains...

THE UK ECONOMY.(Statistical Data Included)
January 1, 2000... Garry Young [*] Section I. Recent developments and summary of the forecast After last year's very modest slowdown in growth, the UK economy now appears to be on the brink of a period of much more rapid expansion. Even those sectors,...

THE WORLD ECONOMY.(Statistical Data Included)
January 1, 2000... Section I. Recent economic developments The short-term economic outlook has improved significantly in nearly all parts of the world economy over the past year. Growth has continued at a rapid pace in the North American economies, helped by...

SHOULD THE UK JOIN EMU?(European Monetary Union)(Statistical Data Included)
January 1, 2000... Michael Artis [*] The Review is pleased to give hospitality to CLARE Group articles, but is not necessarily in agreement with the views expressed. Members of the CLARE Group are M.J. Artis, T. Besley, A.J.C. Britton, W.J. Carlin, J.S....

HOW WELL CAN WE MEASURE GRADUATE OVER-EDUCATION AND ITS EFFECTS?
January 1, 2000... H. Battu, [*] C.R. Belfield [**] and P.J. Sloane [*] Using data from two cohorts of graduates, this article examines three aspects of over-education. First, using three new measures, we present an estimate of graduate over-education in the...

THE IMPLICATIONS OF THE COMPREHENSIVE SPENDING REVIEW FOR THE LONG-RUN GROWTH RATE: A VIEW FROM THE LITERATURE.
January 1, 2000... Richard Kneller [*] In 1998 the Government set out its expenditure plans for the remainder of the current Parliament in the Comprehensive Spending Review. Announced within this were large increases in expenditure on education, health and...

COMPARATIVE PROPERTIES OF MODELS OF THE UK ECONOMY.(Statistical Data Included)
January 1, 2000... Kenneth F. Wallis [*] This article analyses the properties of five leading macroeconometric models of the UK economy, as revealed in four simulation experiments. These are carried out in a common operating environment that reflects the...

JOB CREATION AND THE 1999 REFORM OF NATIONAL INSURANCE.
January 1, 2000... Robin J. Ruffell [*] A radical reform of National Insurance was implemented in April 1999. One objective of the reform was to stimulate job creation. This note analyses the effect of the changes in employers' contributions on employment....

STATISTICAL APPENDIX.(Brief Article)(Illustration)(Statistical Data Included)
January 1, 2000... STATISTICAL APPENDIX Data are included up to the end of the latest quarter, if they are available at the time of going to press. Gross domestic product ...

Output volumes.(Brief Article)(Illustration)(Statistical Data Included)
January 1, 2000... Output volumes Seasonally adjusted 1995=100 GDP at basic prices Production industries Average Non-oil Oil and ...

Monthly economic indicators.(Brief Article)(Illustration)(Statistical Data Included)
January 1, 2000... Monthly economic indicators Seasonally adjusted GDP [a][b] Industrial Manu- Retail Unemploy- Unfilled prod- facturing sales [a] ment rate...

CBI Industrial Trends Survey: manufacturing.(Brief Article)(Illustration)(Statistical Data Included)
January 1, 2000... CBI Industrial Trends Survey: manufacturing Investment [a] Survey Business Capacity Export Output Prices date Buildings Plant and optimism optimism ...

UK labour market.(Statistical Data Included)
January 1, 2000... UK labour market Thousands Workforce jobs [a] Employee jobs Self Trainees Total Male Female Female...

Prices.(Statistical Data Included)
January 1, 2000... Prices Seasonally adjusted, 1995=100 National Accounts deflators GDP GDP Consumers' Public Fixed Exports at...

Companies.(Statistical Data Included)
January 1, 2000... Companies [pounds] million, seasonally adjusted Resources Uses Property income Operating...

Household sector.
January 1, 2000... Household sector [pounds] million, seasonally adjusted Resources Uses Operating Net proper- Net Social Employee Taxes on ...

Fixed investment and inventories.(Statistical Data Included)
January 1, 2000... Fixed investment and inventories Business investment Housing Manu- Non-manu- Total Private facturing facturing ...

Financial indicators.(Statistical Data Included)
January 1, 2000... Financial indicators Nominal interest rates Real inter- Exchange rates est rates Base Mortgage 20-year Cost...

UK balance of payments.(Statistical Data Included)
January 1, 2000... UK balance of payments Seasonally adjusted, [pounds] million Total balance of payments Current balance Trade in goods Total ...

Exports and imports.(Statistical Data Included)
January 1, 2000... Exports and imports Seasonally adjusted, 1995=100 Total goods Total Services Exports Imports Exports Imports ...

Gross product and productivity in industrial countries and OECD.(Statistical Data Included)
January 1, 2000... Gross product and productivity in industrial countries and OECD Seasonally adjusted, Index numbers, 1994=100 Gross domestic product US Canada Japan France Germany [b] Italy UK ...

Unemployment in industrial countries and OECD.(Statistical Data Included)
January 1, 2000... Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national definitions US Canada Japan France Germany [b] Italy UK 1992...

Earnings and prices in OECD.(Statistical Data Included)
January 1, 2000... Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings (whole economy) [a] US Canada Japan France Germany [b] UK...

Volume of exports.(Statistical Data Included)
January 1, 2000... Volume of exports [a] Seasonally adjusted Index numbers, 1994=100 World [b] US Canada Japan France Germany [d] Italy UK 1992 87 ...

Current balances and interest rates.(Statistical Data Included)
January 1, 2000... Current balances and interest rates Current balance US $ billion US Canada Japan France Germany [b] UK OPEC LDCs 1992 -51 -21 112 4 -13 -17...

Volume of imports.(Statistical Data Included)
January 1, 2000... Volume of imports [a] Index numbers, 1994=100 World [b] US Canada Japan France Germany [d] Italy UK 1992 87 80 83 85 95 101 100 92...

Competitiveness and commodity prices.(Statistical Data Included)
January 1, 2000... Competitiveness and commodity prices Index numbers, 1994=100 Export price of manufactures, 1994=100 World [a] Relative to ...

Exchange rates.(Statistical Data Included)
January 1, 2000... Exchange rates [a] SDR ECU [b] Gold [c] UK Canada Japan France [pounds] C$ Yen F.France US$ per unit ...

Graduate utilisation and the quality of higher education in the UK.(Statistical Data Included)(Brief Article)
January 1, 2000... The rapid transition to mass higher education in Britain has led to concerns as to whether or not the skills and knowledge of the increased supply of graduates are being fully utilised in employment. This paper argues that assessments of...

Productivity, technology and skills in banking: commercial lending in Britain, the United States and Germany.(Statistical Data Included)
January 1, 2000... This paper reports on a detailed comparison of labour productivity in bank lending to 'middle market' or 'mid-corporate' business customers in Britain, the US and Germany, based on data collected from matched samples of bank lending offices in...

Modern budgeting in the public sector: Treasury rules in a comparative context.(Statistical Data Included)
January 1, 2000... Treasury Rules on capital spending have kept public investment low in the UK for much of the last 20 years. Recent reforms to public sector budgeting, including the introduction of 3-year planning, should change this, However, this new report...