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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Yes, you can access The UK Economy in the Long Expansion and its Aftermath by Jagjit S. Chadha,Alec Crystal,Joe Pearlman,Peter Smith,Stephen Wright in PDF and/or ePUB format, as well as other popular books in Economia & Macroeconomia. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Cambridge University Press

Year

2016

ISBN

9781316655719

Topic

Economia

Subtopic

Macroeconomia

Cover
Half Title
Title
Copyright
Contents
List of Figures
List of Tables
List of Contributors
Preface
Introduction
1 Prospects for UK growth in the aftermath of the financial crisis
2 Labour market and monetary policy reforms in the UK: a structural interpretation of the implications
3 Property income and the balance of payments
4 UK broad money growth in the Long Expansion 1992–2007: what can it tell us about the role of money?
5 An old fashioned banking crisis: credit growth and loan losses in the UK 1997–2012
6 Household debt and spending in the United Kingdom
7 MPC decision-making, the Long Expansion and the crisis: integration with the global economy, heterogeneity and network dynamics
8 Nine votes, one view and the never-ending consensus on the MPC during the great stability
9 Emerging markets and import prices during the Long Expansion
10 UK fiscal policy before the crisis
Index