Macroeconomic performance in the United Kingdom has been disappointing in recent years: for most of the post-crisis period, GDP growth has been unexpectedly weak, and inflation unexpectedly strong. That unexpected weakness in GDP reflects a combination of weaker growth in the United Kingdom's...

This article uses household-level survey data on income and employment to compare labour market dynamics across a range of advanced economies, including Australia. The analysis focuses on how changes in employment status are distributed within countries and how those distributional patterns vary...

The path of labour supply is a key consideration for the Monetary Policy Committee (MPC). It helps to determine the overall supply capacity of the economy and therefore the amount of output that can be produced without generating excess inflationary pressure. Labour supply appears to have grown...

Over the past year the recovery in the UK economy appears to have slowed. That weakness in UK demand has been driven by falling consumption, reflecting the challenging environment facing households. This article examines the factors affecting households' budgets and spending decisions using the...