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Housing is the single most important component of personal wealth in most countries. The special characteristics of … housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the … monetary transmission mechanism. This paper discusses how housing markets and institutions differ across countries, paying …
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This paper argues that probability forecasts convey information on the uncertainties that surround macroeconomic forecasts in a manner which is straightforward and which is preferable to other alternatives, including the use of confidence intervals. Probability forecasts relating to UK output...
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This report makes the case for a new review of the pension system in the UK. There are a number of key challenges facing future generations of pensioners that threaten their living standards in retirement and which, without policy action, mean many are likely to face substantial financial...
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Five years ago, then Prime Minister Boris Johnson made "levelling up" a central plank of the Conservative Party's bid for re-election, with a manifesto pledge to "level up every part of the UK". In 2022, the government published a thorough and ambitious White Paper setting out 12 levelling up...
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