Blogs: Economy

Economies are complex systems.  Businesses are interlinked through fragmented supply-chains that connect diverse countries, regions and cities across the world. We help you understand this complexity and the role of tax and finance, innovation and infrastructure on economic development.

Trade modelling, supply and demand… and Brexit

trade supply demand brexit

In a previous blog post I wrote about how the positive impacts of trade may be exaggerated by standard models – and how the economic impacts of trade may not always be positive.

I noted that simulations with Cambridge Econometrics’ post-Keynesian E3ME model would not neces…

The UK – an imbalanced economy

uk imbalanced economy

In the first of three blogs focusing on imbalance in the UK’s economy our Director, Ben Gardiner, takes a look at spatial imbalance and productivity.

We find that London pulls away from the other UK regions in terms of productivity and that the regional productivity diverge…

The impact of technological change on skills

automation skills eu

Terence Hogarth is Senior Advisor at Fondazione Giacomo Brodolini and has over 30 years’ experience of carrying out research on vocational education and training in the UK and the EU. 

Terence is this month’s guest blogger:

Reflecting upon the employment impacts of rap…

Austerity and the relative success of English football teams

football austerity government spending

The impact of changes to the TV industry, the financial crisis and subsequent period of austerity appear to impact on the relative success of English football teams.  

Here, our Director Hector Pollitt combines two of his passions: football and economics and puts forwards so…

International trade – is more, better? Why economists need to take a new look at the role of international trade in the modern economy

international trade is more better

Outdated theories, unrealistic assumptions… our understanding of international trade is skewed.  This latest blog by Hector Pollitt suggests that the ‘more is better’ assumption is too simplistic. In fact, he argues, the benefits of international trade are overplayed and it’s …

E3ME, endogenous money and Modern Monetary Theory (MMT)

Endogenous Money Modern Monetary Theory (MMT) E3ME

Unlike most other macroeconomic models, ours (E3ME) includes endogenous money as a core feature (including borrowing by government). 

This difference is important because it allows us to best predict outcomes that might be encountered by our clients.  Find out how…

We…

What is macroeconomic modelling and why do we do it?

“I am not a fan of economic models because they have all proven wrong.”* David Davis MP, Secretary of State for Exiting the EU, December 2017.  Is this the case?  Is it reasonable to take this view? 

Hector Pollitt our Head of Modelling explores: what is economic mod…