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.
GDP figures released today show the UK economy grew by 0.3 percent in the third quarter. This means economic activity has expanded by just 1 percent over the past year, less than half the trend long-term growth rate of just over 2 percent.
If we look at progress over the cours…
Carbon taxes have largely failed to gain traction in the United States, despite being a key requirement for rapid decarbonisation at a local, state or national level. Policymakers and voters have declined to endorse them, concerned about costs to consumers and negative impacts on…
It was all supposed to be so easy but, with weeks to go, a no-deal Brexit is still a possibility amidst the political chaos. How bad could it be? Managing Director, Phil Summerton, explores the indicators.
“There is no plan for no deal, because we’re going to get a great dea…
In defending their traditions, many economists reveal a lack of understanding of their own profession. Hector Pollitt, Head of Modelling, explains why that needs to change.
First published on the Green Economy Coalition website.
In August 2019, Andrew Simms wrote a critique of…
The European Association of Environmental and Resource Economists (EAERE) is the largest group of environment-minded economists in Europe. It has recently put out a statement on carbon pricing.
Although many people who I respect have given their support to the statement, it is…
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…
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 divergen…
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 and writes for us about the i…
The critics of macroeconomic modelling often refer to the models as ‘black boxes’, mystifying entities whereby data is input and a set of results come out at the other side – the inner workings of the model itself are opaque.
It’s important to us that our tools, their scope an…
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 some s…
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