Category Archives: Austerity and Economic policy

May 23 2013

The Housing Conundrum: Engineering a fall in house prices is a good economic strategy for the medium-term, but would have horrible effects at the moment

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Tweet Rather than enact policies to reduce inflated housing prices which many are calling for, the government is doing everything in its power to prop up prices. Frances Coppola argues that this is not surprising given that housing policy is not only … Continue reading

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May 22 2013

The Man from the IMF, He Says: “Increase public spending on Investment and follow the LSE Growth Commission”

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Tweet The IMF today published its assessment of the health of the UK economy. It urged the government to adopt the recommendations made by the LSE Growth Commission by boosting public investment. Professor John Van Reenen, though wishing the IMF could have … Continue reading

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May 22 2013

Wealth inequalities have important consequences for people’s own lives and those of their children

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Tweet While the UK is a rich and affluent nation, it is also a very unequal one. Previewing a new book written with colleagues and published today, John Hills discusses the political and economic issues raised by wealth inequalities, and how these are an important factor in inequalities of … Continue reading

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May 21 2013

Crime rates in the UK have been falling, but the reversal of policies that contributed to this trend means that ‘something will give’

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Tweet Mirko Draca explains the factors behind falling crime rates in the UK, examining research he and colleagues have conducted. The evidence suggests that education and labour market policies, and increased spending on police resources are amongst the reasons for this trend. … Continue reading

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May 15 2013

Jobs, Wages and poor Growth

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Tweet The UK labour market has done much better than expected since the start of the recession. Although we are suffering the worst recovery for over a century – national income has shrunk by almost 3% since 2008 – jobs … Continue reading

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May 15 2013

Significant variation across countries means that simple conclusions regarding growth and debt, like those offered by Reinhart & Rogoff, have no policy relevance

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Tweet What is the real relationship between economic growth and national debt – and should highly indebted countries all adopt austerity budgets that prioritise debt reduction? Kelvyn Jones, Andrew Bell and Ron Johnston have been re-analysing the data set used in … Continue reading

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May 14 2013

The coalition government is proving as ideologically radical as those of Thatcher and Attlee

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Tweet Since 2010 the coalition government has embarked on deep public spending cuts which are having the greatest impact on the poorest and most vulnerable. Acknowledging the ideological motivations behind this, Michael Jacobs argues that a far more sensible way to … Continue reading

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May 9 2013

UKIP’s popularity can be explained by reactions to economic policy rather than an (imaginary) Tory drift to the centre

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Tweet Given we have a government where major economic and social policies are very much to the right of the political spectrum, Simon Wren-Lewis asks how we can account for the rise of UKIP. He argues that much of their popularity … Continue reading

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