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There are large disparities in economic performance at the regional level in the UK. We need to consider what kinds of policies might raise regional performance and the extent which directed industrial policies and infrastructure spending might be employed to iron out differences.
The experience of inter-mediation in the UK does not encourage the thought that long term finance can easily be located. Do we need a Development Bank?
Housing represents the main asset class held by UK households and we shall try to understand why it is held as such a large share of assets. We shall then outline whether this choice has other knock on effects in the economy such as labour and social mobility.
This lecture uncovers what we know about the ‘real Sappho’, an aristocrat who lived between 630 and 570 BCE on the island of Lesbos and socialised in the lavish courts of upstart tyrants.
Productivity growth in the UK economy has lagged behind that of our major trading partners. We will examine a number of possible explanations ranging from the role of finance to the employment of physical and human capital.
We need to think of economic policy as some path co-ordinating monetary, financial and fiscal policy. The economic landscape that has been outlined implies some new cyclical and structural economic policy options facing the UK. These concepts will be discussed in this final lecture of the year.
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?
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.