National Institute Economic Review articles from January 1 2009

National Institute Economic Review archives from January 1 2009

The world economy.(AT A GLANCE ...)(Statistical table)
January 1, 2009... * The global recession will be the deepest in postwar history as world GDP grows in 2009 by just 0.5 per cent and global trade shrinks by 4 per cent. * Further fiscal easing through measures being proposed but not yet formally passed by...

The UK economy.(AT A GLANCE ...)(Statistical table)
January 1, 2009... * The economy will experience its biggest decline in 60 years in 2009. * Consumer spending will fall this year by 3.8 per cent as household saving recovers. * Net trade will cushion the economy from an even more severe setback in 2009...

Commentary: growth prospects and financial services.(Statistical data)
January 1, 2009... Introduction Over the past twenty years the expansion of the British economy has been supported by growth in the financial services industry. With the onset of the financial crisis it seems most unlikely that the financial services...

The global cost of delaying bank stability.(THE WORLD ECONOMY)(Statistical table)
January 1, 2009... In October 2008, we were already projecting that 2009 would see the worst recession in the OECD economies since 1982, and if the resolution of problems in the banking sector were to be delayed then the outcome would be much worse. We are now...

Fiscal expansions in North America.(THE WORLD ECONOMY)(Statistical table)
January 1, 2009... United States According to the formal dating of the business cycle by the National Bureau of Economic Research (NBER), the US economy reached a peak of economic activity in December 2007, which marks the beginning of the US recession....

Economic downturn in Asia.(THE WORLD ECONOMY)(Statistical table)
January 1, 2009... Recent economic developments in Asia have proved significantly worse than anticipated. Year-on-year GDP growth in China slowed to 6.8 per cent in the final quarter of 2008, the slowest rate of growth since 1991 and well below the government's...

Coordinated fiscal stimulus in the Euro Area.(THE WORLD ECONOMY)(Statistical table)
January 1, 2009... The Euro Area will experience a deep and relatively protracted recession. In the third quarter of 2008 Euro Area GDP fell by 0.2 per cent on a quarterly basis and we estimate that in the fourth quarter it dropped by a further 1 per cent. In...

Evaluating policy reactions to the financial crisis.
January 1, 2009... The current financial crisis has evolved slowly over the past eighteen months, and policy reactions have responded to events. In August 2007 it became clear that a number of banks had lost some of their capital base as a result of defaults on...

Fiscal policy effectiveness in the banking crisis.(Statistical table)
January 1, 2009... We investigate the effects of changes in taxes using the National Institute international macro model, NiGEM. A comparison on fiscal impulses worth I per cent of GDP for one year is made, with a comparison of a direct tax change, indirect tax...

Prospects for the UK economy.(Statistical table)
January 1, 2009... The production of this forecast is supported by the Institute's Corporate Members: Abbey plc, Bank of England, Barclays Bank plc, HM Treasury, Nomura Research Institute Europe Ltd, and the Office for National Statistics. Introduction ...

Data on the credit crunch.
January 1, 2009... One might expect bank borrowing to rise during a recession as businesses seek extra credit to tide them over; the data have to be seen in this context. Indeed, in the 1990s recession lending by banks adjusted for inflation continued to rise...

Quality assessment of early years education: introduction.
January 1, 2009... The National Childcare Strategy (DfEE, 1998) set out the Government's commitment to ensuring 'good quality, affordable childcare for children aged 0 to 14 in every neighbourhood'. The Government was committed to a mixed economy of childcare,...

Good quality childcare for all? Progress towards universal provision.
January 1, 2009... In 1998 childcare was for the first time put on the political map with the publication of the Green Paper 'Meeting the Childcare Challenge' (DfEE, 1998), setting out the first National Childcare Strategy. Since then the childcare landscape has...

International perspectives on quality in mixed economies of childcare.
January 1, 2009... This paper briefly reviews international perspectives on quality in mixed economies of childcare. It explores the particular features of the childcare market and suggests that conventional economic rationales do not apply in such a market. It...

Contextual issues in assessing value for money in early years education.
January 1, 2009... Early years education has been attributed as having benefits for the public good, avoiding social stratification and acquiring human capital. Although these outcomes appear social, the focus on value for money highlights their economic...

Using foundation stage profile assessments to assess outcomes from early years education.
January 1, 2009... In the past decade early years education has expanded throughout England with progressive extensions in entitlement to some hours of free provision. Furthermore, there is consistent evidence that shows that early years education leads to...