The US experienced a considerable increase in inequality between skilled and less-skilled workers during the early 1980s-a period which corresponds with a large temporary appreciation of the dollar. This article investigates the reasons behind this rise in inequality by evaluating the impact of...

The US experienced a considerable increase in inequality between skilled and less-skilled workers during the early 1980s-a period which corresponds with a large temporary appreciation of the dollar. This article investigates the reasons behind this rise in inequality by evaluating the impact of...

This paper examines the outcomes for changes introduced by the UK Coalition government in 2010. The Office for Budget Responsibility (OBR) is generally regarded as a success, and should become a permanent part of fiscal policymaking. The form of the primary fiscal mandate, involving a five-year...

In the 'overall outlook' section we explain why we think the world economy is not heading for recession. The short-term forecast is then presented in detail in sections covering the six major economies, commodity prices and trade. We then have three special sections. The first looks at our...