National Institute Economic Review articles from October 2006

National Institute Economic Review archives from October 2006

The world economy.(AT A GLANCE ...)
October 1, 2006... * The global growth rate is expected to exceed 5 per cent this year with growth continuing at above 4 1/2 per cent per annum into 2008. * Over the second half of this decade France, Germany and Japan are expected to perform better than the...

The UK economy.(AT A GLANCE ...)(Statistical table)(Statistical data)
October 1, 2006... * GDP is forecast to grow by 2.5 per cent this year and 2.6 per cent in 2007. * Inflation measured by the CPI is expected to be 2.6 per cent per annum in the fourth quarter of 2006, falling back to 2 per cent per annum by the end of 2007....

Commentary: immigration and its effects.(Statistical data)
October 1, 2006... Introduction The past few months have seen a growing debate on the question of migration. There is little doubt that there has recently been a sharp inflow of migrants into the United Kingdom, raising a range of both economic and social...

Demographics and global growth.(THE WORLD ECONOMY)(Statistical table)(Statistical data)
October 1, 2006... While at a global level the outlook for growth remains strong, with GDP growth expected to exceed 4.5 per cent per annum until 2008, we have started to see some shift in the regional composition of growth, with a more dominant role for the Euro...

The Housing market and risk of recession in North America.(THE WORLD ECONOMY)(Statistical table)(Statistical data)
October 1, 2006... All three North American economies expanded briskly in the second quarter of 2006. Output growth in the US and Canada was driven by strong domestic demand, which expanded by 3.6 and 4.9 per cent year-on-year, respectively. Exports failed to...

Risks to East Asia from overinvestment in China.(THE WORLD ECONOMY)(Statistical table)(Statistical data)
October 1, 2006... The major economies of East Asia continued to expand rapidly in the first half of 2006, with output in Japan up by 3 per cent relative to a year earlier, output in Korea up by 5.7 per cent, Taiwan GDP up by 4.7 per cent and an expansion of 6.6...

Euro Area: on the way to recovery and fiscal consolidation?(THE WORLD ECONOMY)(Statistical data)
October 1, 2006... Recent economic indicators show that, this year, real GDP growth in the Euro Area is set to be stronger than earlier anticipated. We have accordingly revised our forecast for 2006 although the medium-term outlook remains unchanged, with yearly...

Migration in Europe.(THE WORLD ECONOMY)
October 1, 2006... Recent developments in the European Union have raised immigration as an issue, especially in the UK. There has been a large wave of migrants into the UK from Poland since its accession in 2004, and as Romania and Bulgaria are preparing to...

UK economy forecast.(Statistical table)(Statistical data)
October 1, 2006... The production of this forecast is supported by the Institute's Corporate Members: Abbey plc, Bank of England, Barclays Bank plc, Ernst and Young LLP, Marks and Spencer plc, The National Grid Company plc, Nomura Research Institute Europe Ltd,...

Savings and the economy: introduction.
October 1, 2006... There are two key microeconomic decisions which mark the interface between the micro and the macroeconomy. One is the work/leisure decision which has an immediate impact on the level of economic activity. The other is the consumption/saving...

Household saving rates and the design of public pension programmes: cross-country evidence.
October 1, 2006... I argue that the offsetting effect of public pension contributions on household retirement saving depends on how closely the public pension programme imitates a private retirement saving plan (i.e. the 'actuarial' content of the public pension...

Saving and life insurance holdings at Boston University--a unique case study.(Case study)
October 1, 2006... This study examines the saving and insurance behaviour of 386 Boston University (BU) employees who volunteered to receive financial planning based on ESPlanner (Economic Security Planner)--a detailed life-cycle financial planning model...

The UK savings gap.
October 1, 2006... We set out a framework for measuring the adequacy of saving in the United Kingdom by assessing the absolute level of savings based on individual preferences of different ages. We examine this relationship between age and savings using data from...

When to give? a note on the timing of gifts and bequests.
October 1, 2006... We generalise the standard joy-of-giving bequest motive by including inter vivos gifts. Within a life-cycle framework, we analyse the implications of the choice of different discount factors for the utility of gifts and bequests. For a linear...