'This is one of the first comprehensive attempts by a group of well qualified and objective economists from the European Commission and leading UK economics institutions to provide a rigorous analysis of UK economic policy in the last decade. It’s a job much needed - and very well done.’ – Roger Liddle, former Europe adviser to Tony Blair and Labour member of the House of Lords
The UK economy is one of the most widely studied and monitored in the world. The global financial crisis, which began in 2007, was probably the biggest shock to hit the UK economy in living memory. Since the beginning of this crisis, much has happened that might previously have been thought impossible, including the virtual nationalization of two of the UK's biggest banks. This book offers detailed analysis of and information on this major subject.
Comprising an edited collection of papers presented to a European Commission seminar held in June 2010 to discuss prospects for the UK economy, the book includes chapters by some of the most prominent and respected commentators on the UK economy, including Christopher Pissarides, winner of the 2010 Nobel Prize for economics sciences, Martin Weale, recently appointed to the Bank of England's Monetary Policy Committee, and Robert Chote, new chairman of the UK's Office for Budget Responsibility.
The book examines the UK economy in historical perspective, analyzing the drivers of the decade of uninterrupted growth and the crash which followed it, then looks forwards to the UK's economic prospects and the policies required to optimize them.
The chapters cover:
fiscal policy and its impact on growth and wealth distribution
monetary policy and the Bank of England's unprecedented stimulus program
a detailed decomposition of the sources of UK growth between 1973 and 2009
the structural excess of consumption that fueled the UK's long boom
the UK's labor market performance.
The highly distinguished group of authors, coverage and analysis of issues central to recent UK economic history, along with the European Commission's assessment of UK economic prospects, make this essential reading for economists, business and financial people, academics and students, as well for all those interested in the historical background of, and prospects for, the UK economy.
Information in the chapters is supplemented by a number of charts and tables offering information in graphic form.
UK Economy: the crisis in perspective was published on the 17th November. Order your copy of UK Economy: The Crisis in Perspective today. You can also recommend the title to your Librarian.