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Welfare Reform in the United States: Implications for British Social Policy

Midgley, James; Stewart, Kitty; Piachaud, David; … - London School of Economics and Political Science - 2008

Recent government pronouncements in the UK and above all the recent Conservative Party (2008) policy document on welfare reform suggest that US welfare reform is increasingly being taken as a model for the UK. What lessons should the UK draw from US experience? The long established means tested...

Persistent link: https://www.econbiz.de/10009305134

How Effective is the British Government’s Attempt toReduce Child Poverty?

Piachaud, David; Sutherland, Holly - London School of Economics and Political Science - 2000

The new Labour Government in Britain has made the reduction of childpoverty one of its central objectives. This paper describes the specificinitiatives involved in Labour’s approach and weighs them up in termsof their potential impact. After setting out the extent of the problem ofchild...

Persistent link: https://www.econbiz.de/10008733213

Welfare Reform: Learning From American Mistakes?

Wilson, William J.; Mulgan, Geoff; Hills, John; … - London School of Economics and Political Science - 1998

This report summarises presentations and discussion at a seminar, organised by LSE Housingand CASE, which took place at the London School of Economics on 7th July 1998. The eventwas chaired by Professor Howard Glennerster (LSE and Chairman of STICERD), and thespeakers were Professor William...

Persistent link: https://www.econbiz.de/10008845706

Understanding Social Exclusion

Hills, John; Le Grand, Julian; Piachaud, David - London School of Economics and Political Science - 2002

Since the mid-1990s the term and phenomenon of “social exclusion” has attractedmuch academic attention in the UK, and since 1997 has been an explicit focus ofgovernment policy. In a new book, CASE members examine the debate around themeaning of the term, and the extent and nature of problems...

Persistent link: https://www.econbiz.de/10008766032

Optimal monetary policy responses torelative-price changes

Aoki, Kosuke - London School of Economics and Political Science - 2000

relative-price changes on inflation fluctuations. Therelative price of the flexible-price good represents a shift parameter of … the NewKeynesian Phillips curve. The optimal monetary policy is to target sticky-price inflation,rather than a broad … inflation measure... …

Persistent link: https://www.econbiz.de/10005869370

On the optimal monetary policy response to noisyindicators

Aoki, Kosuke - London School of Economics and Political Science - 2002

We describe a behavior of a central bank when its measures of current inflation and outputare subject to measurement … rateresponds to the central bank’s estimates of both current inflation and output gap, as advocatedby Taylor (1993)... …

Persistent link: https://www.econbiz.de/10005869371

Houses as Collateral: Has the Link between House Prices and Consumption in the U.K. Changed?

Aoki, Kosuke; Proudman, James; Vlieghe, Gertjan - Bank of England <London>

, thebusiness cycle, and inflation, on account of the pronouncedprocyclical pattern of house prices. Are house prices asymptom of … transmissionmechanism by which changes in short-term interest rates affectconsumption, the output gap, and hence inflation. It isimportant …

Persistent link: https://www.econbiz.de/10005869384

Optimal commitment policy under noisy information

Aoki, Kosuke - London School of Economics and Political Science - 2005

current inflation and output, in the context of an optimizingmodel with nominal-price stickiness. Under a commitment regime …

Persistent link: https://www.econbiz.de/10005870372

Central bank’s two-way communication with the public and inflation dynamics

Aoki, Kosuke; Kimura, Takeshi - Centre for Economic Performance <London> - 2008

two-way communication between the central bankand the public affects inflation dynamics. When inflation target is … hence the bank can stabilize inflation. However, when inflation targetis unobservable or less credible, the public updates … their perceived inflation target and theinformation revealed from markets to the bank becomes less perfect. The degree of …

Persistent link: https://www.econbiz.de/10005870381