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For most of the period since we have had records, the UK has held a positive net international investment positions versus the rest of the world. But the UK is now a net debtor. What are the reasons for this extraordinary reversal and what does it mean for the exchange rate?
In the long run, in an Internet society, it is claimed, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others, to work as they did in the 20th century. - Is this true?
A consideration of the evolution of the asset and liability position of the UK's household, firm and government sector prior to the financial crisis and where we currently stand in terms of adjustment that is still required.
Rapid economic growth in the emerging worlds has placed downward pressure of manufacturing wages in the advanced world. With increasingly lower real interest rates putting upwards pressure on asset prices, these twin forces have the propensity to accelerate income inequality. What do the facts say?
In the commerce second lecture, trends in the labour market will be considered, examining patterns of unemployment, employment, hours worked and real wages. Do high participation rates in the labour market reflect represent economic progress or an economy mired in low-skill low-wages jobs?
A consideration of economic performance in terms of income and productivity growth, prior to and following the recession. We shall examine the so-called "productivity puzzle" and explore the possible explanations and solutions.