National Institute Economic Review articles from May 1992

National Institute Economic Review archives from May 1992

Commentary. (United Kingdom's economic recovery and European monetary policy)
May 1, 1992... Recent developments and prospects for the UK economy The timing and the speed of the economic recovery are still issues of great interest and uncertainty. Our view is essentially unchanged since February: the upturn is beginning in the first...

The UK economy. (United Kingdom)
May 1, 1992... Section 1. Recent Developments and Summary of the Forecast With the uncertainty induced by the prolonged run-up to the general election having come to an end and renewed signs that consumer and business sentiment has begun to improve, it...

Vocational education and productivity in the Netherlands and Britain.
May 1, 1992... The contribution of differences in the Dutch and British education and training systems to the significant Dutch advantage in manufacturing productivity levels is examined in this article. The Dutch schooling system is characterised by high...

Economic and monetary union and the European Community budget.
May 1, 1992... In 1977 the European Commission published the report of a Study Group which it had set up, under my Chairmanship, on 'The Role of Public Finance in European Integration'. This is sometimes called the 'MacDougall Report', which does scant...

Fiscal solvency in Europe: budget deficits and government debt under European Monetary Union.
May 1, 1992... Introduction The debate on European monetary union has brought the issue of European fiscal policy into public scrutiny. This note discusses the problems of fiscal policy coordination in Europe over the next decade, and analyses the...

Wealth effects and fiscal policy in the National Institute global econometric model.
May 1, 1992... Introduction This paper analyses the role of wealth in the National Institute model of the World Economy (NIGEM). It also addresses the issues of fiscal solvency and the role of the government budget constraint. We start with a brief...

A forward-looking approach to learning in macroeconomic models.
May 1, 1992... Introduction This paper illustrates how learning can be incorporated into an existing forward-looking macroeconomic model as an alternative to the more conventional but arguably more extreme assumption of model consistent or rational...