<i> Conceptual Issues in Assessing the Welfare Impact of the British Privatisation Programme </i> (di Jonathan Leape ) - ABSTRACT:Assessing the welfare impact of a policy on the scale of the British privatisation programme is a daunting task. Four sets of issues raised in the impressive study by Florio...

Assessing the welfare impact of a policy on the scale of the British privatisation programme is a daunting task. Four sets of issues raised in the impressive study by Florio et al of the British privatisation programme merit further discussion. One such set of issues relates to the different...

The tax treatment of saving in the UK is far from uniform. Saving can take many different forms and there are almost as many different tax regimes. This mosaic of different regimes is not the result of a coherent policy toward saving, but rather the lasting by-product of a wide variety of ad hoc...

By the 1990s, the average speed of trips across London was below that at the beginning of the twentieth century -- before the car was introduced -- and by the end of that decade, public concern over levels of traffic congestion was high. In early 2003, London imposed a congestion charge -- a...

Why have central banks become more accountable and transparent in recent years? This paper considers a set of analytical models of monetary policy institutions to shed light on this. One conclusion it reaches is that uncertainty - regarding the central bank's inflation preferences or about the...

In remarks made before the Federal Reserve Bank of Kansas City's 1996 symposium, Achieving Price Stability, Mr. King discussed how quickly a central bank should reduce inflation to its desired level following an inflationary episode. He argued that a central bank is unlikely to wish to move...