Results

External report

The state of the UK economy 2024

The state of the UK economy is always an important matter, but it is all the more so in what looks likely to be an election year. This UK in a Changing Europe report takes stock of the UK economy in order to assess how i...Read more...

Journal article

American Economic Review:

The effect of house prices on household borrowing: a new approach

We investigate the effect of house prices on household borrowing using administrative mortgage data from the United Kingdom and a new empirical approach. The data contain household-level information on house prices and b...Read more...

CentrePiece article

America's fiscal cliff

The US economy is still suffering from its most severe recession in seven decades. This article covers the key issue of taxes, spending and public debt, a major point of disagreement between the two candidates in the 201...Read more...

CEP US election analysis

Recession and Recovery: The US Policy Debate on Taxes, Spending and Public Debt

The US economy is still suffering from its most severe recession in seven decades. In the first of a series of US Election Analyses, Ethan Ilzetzki covers the key issue of taxes, spending and public debt, a major point o...Read more...

CentrePiece article

Does fiscal policy work?

Ethan Ilzetzki and colleagues examine whether programmes of fiscal stimulus and fiscal austerity have a significant impact on national economic activity ...Read more...

CEP discussion paper

How Big (Small?) are Fiscal Multipliers?

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, ex...Read more...

CEP election analysis

Macroeconomics and Public Finances: The worst is yet to come

Read more...