National Institute Economic Review articles from January 2001

National Institute Economic Review archives from January 2001

The UK economy.(Statistical Data Included)
January 1, 2001... * The inflation rate will fall below 1.5 per cent by the end of this year, triggering a letter from the Governor of the Bank of England to account for this deviation from the inflation target of 2.5 per cent. * This will occur even though...

The world economy.(Statistical Data Included)
January 1, 2001... * The world economy is slowing down but our central forecast suggests that fears of a major setback in 2001 are misplaced: global output will grow by 3.5 per cent and world trade by a respectable 8.4 per cent. * Worries about an American...

COMMENTARY.(Statistical Data Included)(Column)
January 1, 2001... Sentiment in the United States The final few weeks of last year saw a sharp worsening of economic sentiment in the United States of America and, given the importance of the American economy in the world, this worsening of sentiment spread...

THE UK ECONOMY.(Statistical Data Included)
January 1, 2001... Martin Weale [*] Section I. Recent developments and summary of the forecast The production of this forecast is supported by the Institute's Corporate Members: Bank of England, Barclays Bank plc, Glaxo Wellcome plc, 3i plc, INVESCO...

THE WORLD ECONOMY.
January 1, 2001... Section I. Recent economic developments World economic activity is estimated to have risen by 4 3/4 per cent in 2000, the fastest rate for more than a decade. Growth accelerated in all the major geographical areas last year, with GDP...

THE INFLATION FORECAST.
January 1, 2001... C.A.E. Goodhart [*] Given the long and variable time lags between interest rate changes and responses in output and inflation, an inflation forecast must lie at the heart of monetary policy, in the UK the Bank's inflation forecast and...

UNDERSTANDING 'THE ESSENTIAL FACT ABOUT CAPITALISM': MARKETS, COMPETITION AND CREATIVE DESTRUCTION.
January 1, 2001... Wendy Carlin [*] Jonathan Haskel [**] Paul Seabright [***] 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,...

QUALIFICATIONS AND INTERNATIONAL MOBILITY: A CASE STUDY OF THE EUROPEAN CHEMICALS INDUSTRY.(Industry Overview)
January 1, 2001... Heather Rolfe [*] The right of European citizens to work in other member states has been in place for many years, yet levels of movement have been lower than expected. Employers play a central role in facilitating mobility, by recruiting...

THE ECONOMIC EFFECTS OF BUSINESS TO BUSINESS INTERNET ACTIVITY.
January 1, 2001... This article argues that an effective way to analyse the macroeconomic effects of business-to-business electronic commerce is to regard it as a decline in the cost of information to producers. Calculations based on input-output tables and the...

MAIN ECONOMIC EVENTS -- 2000.
January 1, 2001... January 1. Portugal begins EU presidential term. 2. Millennium bug fails to have impact on systems worldwide. 4. FTSE-100 share index loses 3.8% -- largest fall in its 16-year history. Dow Jones Industrial Average drops by 3.17% as...

Gross domestic product.(Brief Article)(Statistical Data Included)
January 1, 2001... Gross domestic product [pound] million, 1995 prices, seasonally adjusted Final consumption Gross capital Domestic Total expenditure formation ...

Output volumes.(Brief Article)(Statistical Data Included)
January 1, 2001... Output volumes Seasonally adjusted 1995=100 GDP at basic prices Production industries Average Non-oil Manufac- Oil and ...

Monthly economic indicators.(Statistical Data Included)
January 1, 2001... Monthly economic indicators Seasonally adjusted GDP [a][b] Industrial Manu- Retail Unemploy- Unfilled prod- facturing sales [a] ment rate...

CBI Industrial Trends Survey: Manufacturing.(Statistical Data Included)
January 1, 2001... CBI Industrial Trends Survey: manufacturing Investment [a] Survey Business Capacity Export Output Prices date Buildings Plant and Optimism optimism ...

UK labour market.(Brief Article)(Statistical Data Included)
January 1, 2001... UK labour market Thousands Workforce jobs [a] Employee jobs Self Trainees Total Male Female Female...

Prices.(Illustration)(Brief Article)
January 1, 2001... Prices Seasonally adjusted, 1995=100 National Accounts deflators GDP GDP Consumers' Public Fixed Exports at...

Companies.(United Kingdom, finance)(Illustration)(Brief Article)
January 1, 2001... Companies [pound] million, seasonally adjusted Operating Net Net Taxes on Social Social surplus property transfers income contributions benefits ...

Household sector.(finance)(Illustration)(Brief Article)
January 1, 2001... Household sector [pound] million, seasonally adjusted Resources Uses Operating Net proper- Net Social Employee Taxes on ...

Fixed investment and inventories.(United Kingdom)(Illustration)(Brief Article)(Statistical Data Included)
January 1, 2001... Fixed investment and inventories Seasonally adjusted Business investment Housing Manufacturing Non-manufacturing Total Private ...

Financial indicators.(Illustration)(Brief Article)(Statistical Data Included)
January 1, 2001... Financial indicators Nominal interest rates Base rate Mortgage [c] 20-year gilt 1994 5.5 7.7 8.0 1995 6.7 7.8 ...

UK balance of payments.(United Kingdom)(Brief Article)(Illustration)
January 1, 2001... UK balance of payments Seasonally adjusted [pound] million Total balance of payments Current balance Trade in goods Trade in services ...

Exports and imports.(United Kingdom)(Illustration)(Brief Article)(Statistical Data Included)
January 1, 2001... Exports and imports Seasonally adjusted, 1995=100 Total goods Total services Exports Imports Exports Imports ...

Gross product and productivity in industrial countries and OECD.(Prgaization for Economic Cooperation and Development)(Brief Article)(Illustration)
January 1, 2001... Gross product and productivity in industrial countries and OECD Seasonally adjusted, Index numbers, 1994=100 Gross domestic product US ...

Unemployment in industrial countries and OECD.(Organization for Economic Cooperation and Development)(Brief Article)(Illustration)
January 1, 2001... Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national ...

Earnings and prices in OECD.(Organization for Economic Cooperation and Development)(Brief Article)(Illustration)
January 1, 2001... Earnings and prices in OECD Index numbers, 1994 = 100, seasonally adjusted Average earnings (whole economy) [a] US ...

Volume of exports [a].(Brief Article)(Statistical Data Included)
January 1, 2001... Volume of exports [a] Seasonally adjusted Index numbers, 1994=100 World [b] US Canada Japan France Germany Italy UK 1994 100 ...

Current balances and interest rates.(Brief Article)(Statistical Data Included)
January 1, 2001... Current balances and interest rates Current balance US $ billion US Canada Japan France Germany UK OPEC LDCs 1994 -119 -13 130 8 -24 -2 -7 -31...

Volume of imports [a].(Brief Article)(Statistical Data Included)
January 1, 2001... Volume of imports [a] Index numbers, 1994=100 World [b] US Canada Japan France Germany Italy UK 1994 100 100 100 100 100 100 100 100 1995 ...

Competitiveness and commodity prices.(Brief Article)(Statistical Data Included)
January 1, 2001... Competitiveness and commodity prices Index numbers, 1994-100 Export price of manufacturers, 1994=100 World [a] Relative to ...

Exchange rates [a].(Brief Article)(Statistical Data Included)
January 1, 2001... Exchange rates [a] SDR ECU [b] Gold [c] UK Canada Japan France [pound] C$ Yen F.Franc US$ per unit ...