What was the problem with the 2012 UK budget? The problem with the budget was not so much what the Chancellor did but rather what he did not do. There was precious little in this budget to address the most pressing need of the British economy, and indeed the world economy: the need for growth.
Commentary on UK Budget 2012: Wanted – A real budget for growth
John Van Reenen, 29 March 2012
Finance, long-run growth, and economic opportunity
Ross Levine, 25 October 2011
Finance is powerful. The financial system can be an engine of economic prosperity – or a destructive cause of economic decline and misery.
The finance-trade-growth nexus and lessons from the past
Michael Bordo, Peter L Rousseau, 26 May 2011
Developing and operating a financial system that fosters and sustains growth is one of today’s most pressing policy questions. The correlation between financial development and growth is well established (Levine 2005), and the roles of trade and export orientation in growth are likewise well accepted (e.g., Dollar 1992; Ben-David,1993; Edwards 1998).
How did London get away with it?
Henry Overman, 29 March 2011
It was widely expected that London would be the most severely hit of the UK regions in the recession brought about by the 2007-08 financial crisis. London was more reliant on financial services, it was argued, and because financial services were most directly affected, incomes and employment were expected to fall harder than in other cities (Oxford Economics 2008).
Finding out why African banks lend so little
Svetlana Andrianova, Panicos Demetriades, David Fielding, Badi H Baltagi, 25 March 2011
Private sector banks in Africa have the potential to fulfil an important role in promoting economic development, since they are often the only source of large loans. Without such financial support, businesses will be unable to respond to productive investment opportunities.
Is growth incomplete without social progress? India’s development paradox
Ejaz Ghani, 13 March 2011
South Asia is a development paradox. It has attracted global attention for rapid economic growth. India, which accounts for nearly 80% of the regional GDP, and is the largest country in the region, is seen as an emerging economic powerhouse. Other countries in the region are also well advanced in the transition from low income to middle income status.
Corruption does sand the wheels of growth
Nauro F Campos, Ralitza Dimova, 24 December 2010
Corruption happens and it happens across the world. Although it is more common in poorer economies, corruption exists everywhere. A lingering debate that still provides a powerful research motivation is whether corruptions greases or sands the wheels of economic growth (Bardhan 1997, Pande 2008, Aidt 2009).
Rethinking the Effects of Financial Liberalization
Jaume Ventura, Fernando A Broner, 20 December 2010
Why policies may need to be place-based in order to be people-centred
Jose Enrique Garcilazo, Joaquim Oliveira Martins, William Tompson, 20 November 2010
In a recent Vox column “Regional Development Policies: Place-Based or People-Centred?”, Indermit Gill (2010), the World Bank’s Chief Economist for the Europe and Central Asia Region, argues strongly for the “spatially blind” approach to regional development policies advocated by the Bank’s 2009 World De
Subjective Well-Being, Income, Economic Development and Growth
Justin Wolfers, Betsey Stevenson, Daniel W Sacks, 11 October 2010
Topics: Development, Frontiers of economic research, Poverty and income inequality
Tags: development, economic growth, happiness, life satisfaction, quality of life, subjective well-being
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí