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Economic Crisis Virtual Special Issue

The National Institute Economic Review reached its 60th anniversary in 2019. That provides us a large back catalogue of ideas to mine when events causes us to re-think.  The current economic crisis resulting from the spread of COVID-19 is one such moment.  For this special issue we have looked at papers NIESR has published in the Review since the early 1980s and collected them into a virtual issue that will be free to read for the next three months.  

The papers we have selected look at a wide range of issues connected with the economic crises.  The extent to which recessions nearly always surprise us is considered in a paper by M. J. C. Surrey in 1982, the sources of economic recovery by a previous Director, David Worswick, a mid-1980s assessment of the sensitivity of sterling to fiscal policy by David Currie and Stephen Hall, a look at the Soviet Union’s economic crisis by Alec Nove, the East Asian financial crisis by Marcus Miller and Pongsak Luangaram, A look at major recessions by Mike Artis, John Flemming and Robin Matthews and models of financial instability by Franklin Allen.  Ray Barrell and Phil Davies look at the evolution of the financial crisis, Charles Goodhart at the financial system, Roger Farmer at the sense of a full employment goal, Solomos Solomou and Martin Weale at unemployment and real wages in the 1930s, Nitika Bagaria, Dawn Holland and John Van Reenen look at fiscal consolidation, Kathryn Duckworth and Ingrid Schoon look at social risk from a loss of schooling. Mary Daly, John Fernald, Òscar Jordà, and Fernanda Nechio look at labour markets in a crisis and finally, perhaps most poignantly, Peter Sinclair and Bill Allen look at monetary policy and normality. 
 
The papers were selected by Toke Aidt (Cambridge), Ana Galvao (Warwick), Miguel Leon-Ledesma (Kent), Corrado Macchiarelli (NIESR), Adrian Pabst (NIESR & Kent).  And I thank both them and CUP for their support.

Professor Jagjit S. Chadha

Director, NIESR

Articles

Research Articles

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The World Economy

Research Articles

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The Soviet Economy: Transition or Collapse?

Research Articles