National Institute Economic Review articles from May 1993

National Institute Economic Review archives from May 1993

The prospects for sustained recovery in the UK. (Commentary)
May 1, 1993... The preliminary figures for GDP in the first quarter of the year show a small increase. If oil and gas production are excluded the rise was about 1/2 per cent, following four quarters in which there was virtually no change at all. This confirms...

Two routes to full employment. (Commentary)
May 1, 1993... The unemployment figures now show nearly three million people out of work. No one doubts that this represents a waste of resources on a vast scale and a social problem of prime importance. Nevertheless, despite very real public concern, it cannot...

The UK economy.
May 1, 1993... Section I. Recent Developments and Summary of the Forecast The recently released statistics for output in the first quarter of the year appear to confirm the message from other indicators that the economic recovery has finally got underway. In...

The world economy.
May 1, 1993... * A 10 per cent surtax on Taxpayers earning more than $250,000. * An increase in corporation tax from 34 per cent to 36 per cent. * A new energy tax amounting to $22 bn extra revenue per year. * Income tax charged on 85 per cent of...

Britain's industrial skills and the school-teaching of practical subjects: comparisons with Germany, the Netherlands and Switzerland.
May 1, 1993... But at secondary school 'the original thrust of the AT has been retained'; and 'identifying... human needs' continues as an essential element of the revised proposals.(66) Brainstorming, and the formulation of pupils' individual designs in...

Debt deflation and the company sector: the economic effects of balance sheet adjustment.
May 1, 1993... The debt-deflation theory of Irving Fisher has received renewed attention recently as analysts have attempted to provide an explanation for the behaviour of the UK economy over the current business cycle.(1) Fisher (1933) asserted as part of...

Explaining price inflation in the UK: 1971-92.
May 1, 1993... Introduction The late-1950s and 1960s were, by recent standards, a period of low and stable inflation(1). Since then, however, inflation has been both higher and more volatile peaking above 24 per cent in 1975 in the wake of the quadrupling in...

Is Europe an optimum currency area? Symmetric versus asymmetric shocks in the EC.
May 1, 1993... Introduction Much of the debate on the desirability of a monetary union in Europe has focused on the question of whether Europe can be described as an optimum currency area (OCA). The European Commission in its report 'One money, one market'...