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.

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Outdated theories, unrealistic assumptions… our understanding of international trade is skewed.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…

Taxing food and fuel – impacts on poorer households

It is now widely acknowledged that decarbonisation will not be possible without putting a price on carbon. Some economists (and most modellers outside Cambridge Econometrics) even suggest that a carbon price would be sufficient to meet carbon targets.

But in the UK there is a …

(Never) mind the gap!

It is nearly four years since the inception of the Northern Powerhouse. Has the performance gap between the Greater South East and the rest of England narrowed? 

In short, no. Recent newspaper articles such as the following refer to the persistence of the gap between the nor…