National Institute Economic Review articles from July 1999

National Institute Economic Review archives from July 1999

The UK economy.
July 1, 1999... Section I. Recent developments and summary of the forecast It is now just over two years since the new framework for monetary policy was announced and operational responsibility for the setting of interest rates was devolved to the...

Fiscal report.(public sector finances of the UK)
July 1, 1999... The public sector finances have been transformed in recent years as tight expenditure control has been combined with buoyant revenue. In the last fiscal year, the overall budget was in surplus by almost [pounds]6 billion. Official estimates...

The world economy.
July 1, 1999... Section I. Recent economic developments Introduction The short-term prospects for the world economy appear to have brightened since the beginning of this year. Growth has continued at a rapid pace in the North American economies,...

Global stability: risks and remedies.
July 1, 1999... 1. Introduction In the post-war world, one 'economic miracle' has succeeded another, like the flowers that bloom in the spring. The first to catch the eye was Germany's, but in the 1960s France and Italy measured up to it, and Japan soon...

The distributional effects of education expenditures.
July 1, 1999... 1. Introduction Recent attempts to understand economic growth suggest that human capital has a large impact on the growth performance of nations (for example, Mankiw, Romer and Weil, 1992; Barro, 1998; Judson, 1998). Education is the...

The impact of employee involvement on small firms' financial performance.
July 1, 1999... Introduction Most firms operating in Britain have some form of employee involvement (EI), that is, an employee relations practice which management believe encourages employees' commitment to managerial goals and the success of the...

Properties of the fundamental equilibrium exchange rate in the Treasury model.
July 1, 1999... 1. Introduction On 1 January 1999 the inhabitants of eleven member states of the European Union commenced the buying and selling of goods and services using the European single currency. The UK has opted not to participate for the time being,...

Within-class grouping: evidence versus conjecture.
July 1, 1999... In 1996, we published a quantitative review of the literature, using established and widely used methods (for example, Hedges and Olkin, 1985), on the effects of within-class grouping on pupil achievement and other outcomes (Lou et al., 1996)....

Within-class grouping: a rejoinder.(response to article by Philip C. Abrami et al in this issue p.105)
July 1, 1999... Let us briefly remind ourselves of the current policy-context of this issue in Britain. The need to raise children's schooling attainments to a very substantial extent has become widely accepted in the past fifteen years following international...

At a glance ... the UK economy.
July 1, 1999... * Headline inflation will fall below I per cent by the end of this year. * But the outlook then deteriorates, with inflation set to rise to 3.1 per cent p.a. by the end of 2000 and earnings growth picking up to 6 per cent p.a. * The...

The world economy.
July 1, 1999... * The outlook for world growth has improved with 2.5 per cent growth now expected in the OECD this year. * Inflation will rise from a 40-year low of around I per cent in the OECD to 2 per cent p.a. in 2000-01. * The euro zone economy...

Commentary.(economic outlook for the UK)
July 1, 1999... The current situation The second quarter of 1999 has seen a revival of economic activity, with increasing evidence that the much discussed 'recession' was, as we forecast in October of 1998, a short-lived slowdown. The main reason we...