The UK Economy in the Long Expansion and its Aftermath

Herausgeber: Chadha, Jagjit; Pearlman, Joseph; Crystal, Alec

• Gebundenes Buch

Produktbeschreibung

The financial crisis of 2007-11 has now been analysed and explained from almost every conceivable standpoint. Far less attention has been paid to the long business cycle expansion that started in 1992 and provided an exceptional period of macroeconomic stability in the UK. To many it seemed that the main problem of the UK economy had been solved: that of sustained non-inflationary economic growth. This book brings together senior macroeconomists from universities and the Bank of England to look at what policy-making lessons can be learned from looking at the period of expansion that preceded the financial crisis. It does so with the twin aims of encouraging more policy-focused research on the UK and encouraging policy debate in the aftermath of the financial crisis and the prolonged economic recession. Students, researchers and practitioners with an interest in the UK economy will need to absorb the lessons of this book.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 466
• Erscheinungstermin: 3. Juni 2016
• Englisch
• Abmessung: 235mm x 157mm x 29mm
• Gewicht: 820g
• ISBN-13: 9781107147591
• ISBN-10: 110714759X
• Artikelnr.: 44269093

Inhaltsangabe

Introduction Jagjit Chadha, Alec Crystal, Joe Pearlman, Peter Smith and
Stephen Wright; 1. Prospects for UK growth in the aftermath of the
financial crisis Nicholas Oulton; 2. Labor market and monetary policy
reforms in the UK: a structural interpretation of the implications
Francesco Zanetti; 3. Property income and the balance of payments Tomas
Key, Varun Paul, Martin Weale and Tomasz Wieladek; 4. UK broad money growth
in the long expansion, 1992-2007: what can it tell us about the role of
money? Michael McLeay and Ryland Thomas; 5. An old fashioned banking
crisis: credit growth and loan losses in the UK, 1997-2012 Alistair Milne
and Justine A. Wood; 6. Household debt and spending in the United Kingdom
Philip Bunn and May Rostom; 7. MPC decision making, the long expansion and
the crisis: integration with the global economy, heterogeneity and network
dynamics Arnab Bhattacharjee and Sean Holly; 8. Nine votes, one view and
the never-ending consensus on the MPC during the great stability Richard
Barwell; 9. Emerging markets and import prices during the long expansion
John Lewis and Jumana Saleheen; 10. UK fiscal policy before the crisis Paul
Johnson.