World economy will grow by 3.7 per cent in 2014 and 2015; an improvement on the 3.1 per cent last year, but still a sluggish recovery by historical standards. Growth prospects have improved in advanced economies, particularly in the US, but have deteriorated in a number of emerging market economies....

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The economy will grow by 2.5 per cent in 2014 and 2.1 per cent in 2015. Unemployment will drop through the Bank of England's 7 per cent threshold early this year. CPI inflation will be marginally above target this year, dropping below target in 2015. On current plans the public sector finances...

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The production of this forecast is supported by the Institute's Corporate Members: Bank of England, HM Treasury, Mizuho Research Institute Ltd, Santander (UK) plc and by the members of the NiGEM users group.

The production of this forecast is supported by the Institute's Corporate Members: Bank of England, HM Treasury, Mizuho Research Institute Ltd, Santander (UK) plc and by the members of the NiGEM users group.

BRT appears to be less expensive to build and operate than tram systems but can it really approach the performance level of a tram system and what is the environmental performance of comparable systems?

This paper focuses on urban road pricing as a demand management policy that is often regarded as radical and generally unacceptable. Road pricing often gets delayed or abandoned due to low acceptability. This may be due to the fact that complex interactions and drivers of change affect road...

Using the business cycle accounting (BCA) framework pioneered by Chari, Kehoe and McGratten (2006) we examine the 2008-09 recession in the UK. There has been much commentary on the financial causes of this recession, which we might have expected to shock the equation governing the intertemporal...