Bob Butcher, an economist and Visiting Fellow at NIESR, presented the findings from his article on trends in job creation, published in the recent edition of the National Institute Economic Review. Martin Weale from the Bank of England’s Monetary Policy Committee and previous Director of...

This paper focuses on the changing prevalence and activities of workplace employee representatives over the period 1980-2004. The broad changes that affected industrial relations in Britain over this period had profound effects for trade unions. How did these changes affect employee...

In this paper we investigate whether and how far density forecasts sensibly can be combined to produce a "better" pooled density forecast. In so doing we bring together two important but hitherto largely unrelated areas of the forecasting literature in economics, density forecasting and forecast...

The US current account deficit is in excess of 6 per cent of GDP, and is leading to an accumulation of debts. We use NiGEM to evaluate the causes of the decline, and suggest that domestic absorption in the US has increased markedly. Nominal realignments and monetary expansions elsewhere are...

The last 60 years have seen Australia and the United Kingdom diverge, both socially and economically. This paper considers how the widening social gap between the two countries is reflected by their respective redistributive systems. The analysis is based upon two microsimulation procedures —...

This paper assesses the accuracy of individuals’ expectations of their financial circumstances, as reported in the British Household Panel Survey, as predictors of outcomes and identifies what factors influence their reliability. Bivariate ordered probit models, appropriately identified, are...

This paper uses a stylized New Keynesian Model to examine alternative disinflation strategies under optimal monetary policy conditions with bounded rationality. The model is calibrated for Chile and presents some policy tradeoffs not necessarily captured under the full rational expectations...

This paper considers the job satisfaction of academics using a detailed dataset of over two thousand academics from ten English higher education institutions. The results of our analysis suggest that one would be wrong to consider one single measure of job-satisfaction. Academics appear to be...

*There is widespread concern about rising levels of debt prompted by the rising overall levels of debt and the increasing reports of people having difficulties in managing their debts. *Analysis of the data on wealth and borrowing in the British Household Panel Survey in 1995 and 2000 finds that...