National Institute Economic Review articles from July 2002

National Institute Economic Review archives from July 2002

Nigel Pain, Rebecca Riley and Martin Weale. (Commentary).(Column)(Statistical Data Included)
July 1, 2002... There have been two significant developments in the last three months. First of all, international share prices have fallen sharply, to or below the levels seen briefly in September of last year. Secondly, there has been a sharp change in the...

The world economy.
July 1, 2002... At A GLANCE... The world economy. * The sharp fall in equity markets will dampen economic growth next year: global output is forecast to increase by 3.4 per cent in 2003. * Lower stock market wealth means that the United States...

Equity markets, block realignments and the UK exchange rate.
July 1, 2002... In recent weeks, equity markets have been very weak and the euro exchange rate has risen by more than 10 per cent against the dollar. The UK'S effective exchange rate has also depreciated, removing some, but not all, of the overvaluation we...

Sterling, the euro and the dollar.
July 1, 2002... In the period of floating exchange rates a distinct dollar-D-mark polarisation was noted, whereby periods of weakness for some European currencies relative to the dollar coincided with periods of strength relative to the Deutsche mark and vice...

The UK economy.
July 1, 2002... At A GLANCE... The UK economy * Output will rise by 1.9 per cent this year, accelerating to 2.7 per cent in 2003. * After declining by 2.7 per cent in 2002, manufacturing output will rise by 2.5 per cent next year. *...

Towards a new economy? recent inflation and unemployment in the United Kingdom.(Column)
July 1, 2002... This is the last article in the series contributed to the Review from the CLARE Group of economists. Since the Group was formed in 1976, with the aim of counteracting the polarisation of opinion among economists at the time, over fifty articles...

UK real national income, 1950-1998: some grounds for optimism.
July 1, 2002... It has been claimed using the concept of the Index of Sustainable Economic Welfare (ISEW) that there has been an absolute decline in sustainable living standards in the UK since the mid-1970s. Revisions to ISEW are proposed to make it more...

The exchange rate as a source of disturbances: the UK 1979-2000.
July 1, 2002... Evidence is presented on the extent to which the possibility for the exchange rate to vary has been useful or unhelpful for UK monetary policy over the last two decades. 'Large' exchange rate changes and 'large' misalignments are identified,...

Statistical appendix.
July 1, 2002... STATISTICAL APPENDIX Data are included up to the end of the latest quarter, if they are available at the time of going to press. Table 1 Gross domestic product [pounds sterling] billion, 1995 prices, seasonally adjusted ...