Inflation scarring

How has the cost-of-living crisis changed Britain?

Wednesday 22 May 2024

Economies around the world exited the Covid-19 pandemic in 2021, and jumped straight into the biggest inflation surge for four decades, with a cost-of-living crisis accelerated by Russia’s invasion of Ukraine. But with inflation finally back close to its target of two per cent, to be confirmed by the ONS on Wednesday 22nd May, now … Continued

Ending Stagnation

A New Economic Strategy for Britain

Monday 4 December 2023

The final report of The Economy 2030 Inquiry The UK has great strengths, but is a decade and a half into a period of stagnation. The combination of slow growth and high inequality is proving toxic for low- and middle-income Britain. The result is a country falling behind its peers, where taxes, rather than wages, … Continued

Riding the economic rollercoaster

Is Britain’s macroeconomic policy framework fit for purpose?

Thursday 19 October 2023

Britain’s macroeconomic policy that the Treasury and Bank of England have got used to is crisis management – from a financial crash to a global pandemic and a huge inflation spike. Both have adopted new approaches to supporting the economy, going far beyond textbook cuts to interest rates. Today the legacy is higher levels of … Continued

Monetary policy
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Macroeconomic policy

Worlds apart

Why is UK inflation so much higher than in the US, and what does that tell us about the economic outlook?

Thursday 5 October 2023

Resolution Foundation event with The Brookings Institution The last few years have not been easy times for any advanced economies. The UK, US, and Eurozone have all buffeted by major economic shocks, most recently by the most significant inflation surge in four decades. But while there are many common themes – huge inflation pressures, rising … Continued

We need to talk about inflation

What history has to teach us about surging prices

Wednesday 3 May 2023

Book launch event for We Need to Talk About Inflation by Stephen King From investors and academics, to governments and central banks, almost everyone had assumed high and persistent inflation was dead and buried. But with inflation having soared to double-digits, people the world over are confronting a new economic reality of surging prices. Reflecting … Continued

Monetary policy
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Economy 2030
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Macroeconomic policy

A cost-of-living crisis

Inflation during an unprecedented terms of trade shock

Wednesday 8 March 2023

Speech by MPC member Swati Dhingra Britain has been buffeted by many different economic shocks in recent decades, but the most recent is a huge terms of trade deterioration following a spike in energy prices and disruption to global supply chains in the wake of the pandemic. This has given the UK the highest inflation … Continued

Monetary policy
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Macroeconomic policy

The results of rising rates

Expectations, lags and the transmission of monetary policy

Thursday 23 February 2023

Speech by MPC member Catherine Mann Central bankers around the world have been busy raising interest rates from their historical lows in the face of mounting inflation, with the Bank of England raising the base rate at their last ten MPC meetings. But the big question for policy makers is not just what the impact … Continued

Demographics
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Macroeconomic policy

Demographic destiny?

How age, race, gender and class shape our economy

Monday 17 October 2022

People’s characteristics can shape many aspects of their lives, including their economic lives – from where they shop and live, the assets they hold – and the jobs they do. These impacts filter through to the shape of a country’s economy – with knock-on effects for government spending, interest rates, wealth and longer-term growth. Attempts to achieve widely shared … Continued

Monetary policy
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Macroeconomic policy

Monetary policy in troubled times and beyond

Valedictory speech by MPC Member Michael Saunders

Monday 18 July 2022

Having taken more of a backseat in the economic policy response to the pandemic, monetary policy is back centre stage as central banks around the world grapple with the highest inflation many countries have seen in generations. Monetary policy makers are having to make crucial judgements over the pace and scale of interest rates rises … Continued

Monetary policy
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Macroeconomic policy

Taking the right path

Where does monetary policy go in a low rate, high inflation, unstable economic environment?

Monday 9 May 2022

The Resolution Foundation and the Money, Macro and Finance Society are co-hosting a new series of events to dive into the big economic challenges we face as we recover from the pandemic and come to terms with the new world we now face. Internationally renowned economists and policymakers will discuss those challenges – from the … Continued

Monetary policy
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Macroeconomic policy

Together we stand, divided we fall?

Is multilateral policy making equipped for the global economic challenges we face?

Thursday 28 April 2022

The Resolution Foundation and the Money, Macro and Finance Society are co-hosting a new series of events to dive into the big economic challenges we face as we recover from the pandemic and come to terms with the new world we now face. Internationally renowned economists and policymakers will discuss those challenges – from the … Continued

Monetary policy
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Macroeconomic policy

From Covid to conflict

New economic policy challenges for an uncertain world

Thursday 28 April 2022

Register to attend in person or receive access link for remote viewers. The worst of the Covid-19 pandemic may be behind us. But new challenges have emerged. From rising inflation squeezing incomes across the world, to the biggest conflict in Europe since WWII, the economic landscape facing policy makers is as daunting as ever. How … Continued

Returning to centre stage

Fiscal policy in the recovery

Tuesday 1 June 2021

Fiscal policy has returned centre stage during the Covid-19 pandemic. But as countries begin to recovery from the crisis, they are taking different approaches to the scale of fiscal expansion and the timing of fiscal retrenchment. What is the right approach to fiscal policy in the recovery, and what are the challenges in terms of … Continued

Monetary policy
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Covid-19
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Economy and public finances
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Macroeconomic policy

The economic outlook

Speech by the Governor of the Bank of England Andrew Bailey

Monday 8 March 2021

The Covid-19 pandemic has sparked a truly global economic crisis, affecting families, firms and institutions throughout the world. The UK has been hard hit – experiencing the biggest economic contraction in over three centuries – but the fast pace of its vaccine roll-out means that the economy is expected to recover rapidly this year. The … Continued

Coronanomics: Challenges from the distributional impact of the crisis

Friday 11 December 2020

While the health implications of the COVID-19 crisis have fallen overwhelmingly on older generations, the economic fallout has fallen heavily on the young and those on lower incomes. Given the highly uneven impact of the crisis, policymakers face huge challenges in preventing the crisis from creating new inequalities and exacerbating existing ones. In this webinar, … Continued

Monetary policy
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Covid-19
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Macroeconomic policy

Coronanomics: Challenges facing monetary policy makers

Monday 30 November 2020

The financial crisis led central banks around the world to push interest rates to historic lows and print money in order to purchase assets on a vast scale. Does this mean that central Banks’ policy toolkit is now empty, or do they need to find new tools and strategies? What role should central Banks play … Continued

Coronanomics

The economic challenges of COVID-19

Monday 30 November 2020

The COVID-19 pandemic has upended economies across the world. The daunting scale, pace and uncertainty of the crisis has presented huge challenges for economics, and for economic policymakers attempting to steer countries through it while limiting the damage to citizens’ lives and livelihoods. And even if a vaccine is found soon, the legacy of the … Continued

An economic battleplan

Assessing the design and delivery of Britain’s COVID-19 response

Thursday 30 April 2020

Faced with an unprecedented economic crisis, the Government and the Bank of England have announced an unprecedented package of support measures – from business loans and more generous benefits, to paying the wages of a huge proportion of the private sector workforce. This bold action is costly but necessary – and more will be required … Continued

The Economic Outlook for 2020 and beyond

Speech by MPC member Jonathan Haskel

Friday 20 December 2019

Friday 20 December, 11am-12pm, Resolution Foundation offices, Westminster The UK is about enter a new year, and a new decade, amid widespread economic uncertainty at home and abroad. Understanding the unique pressures facing the UK, and how our economy is influenced by wider economic trends, will be cruciall for policy makers as we enter a … Continued

Rewriting the rule book

A new fiscal framework for new economic times

Tuesday 29 October 2019

We present our latest paper from our Macroeconomic Policy Unit on what the UK’s new fiscal rules should be, followed by a debate by an expert panel on the pros and cons of new fiscal rules.

Dealing with ‘No Deal’

What should the Chancellor and Governor do?

Thursday 19 September 2019

Across Whitehall, preparations for ‘No Deal’ are now dominating, from maintaining medical supplies to bolstering border controls. But the Treasury and the Bank of England also need to prepare a macroeconomic response to a ‘No Deal’ Brexit.

Monetary policy
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Macroeconomic policy

Ready for the next recession?

Assessing the UK’s macroeconomic framework

Monday 9 September 2019

To mark its launch of its new Macroeconomic Policy Unit, Resolution Foundation is hosting an event that brings together leading macroeconomists and policy makers, and will include the publishing of a comprehensive assessment of the UK’s current macroeconomic policy framework.

Meet the new dosh, same as the old dosh

Should ‘People’s Quantitative Easing’ be used to fight the next crisis?

Tuesday 9 July 2019

Book launch for economist Frances Coppola’s new book ‘The Case for People’s Quantitative Easing’. A panel of experts joined Frances to debate the role of QE in the next recession

Weathering the storm: the recent past, present and future of UK monetary policy

Tuesday 14 July 2015

Resolution Foundation hosted David Miles’s outgoing speech as a member of the Bank of England’s Monetary Policy Committee. A member of the Monetary Policy Committee – the body responsible for setting the Bank of England’s base rate –  since 2009, David Miles has been a key policy maker during a truly fascinating and tumultuous period for … Continued

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