A crowded street

Research and analysis

Our findings are based on rigorous analysis, detailed empirical evidence and in-depth institutional knowledge.

Publications

Showing 1841 – 1860 of 9621 results

Journal graphic

Life-cycle consumption patterns at older ages in the United States and the United Kingdom: can medical expenditures explain the difference?

Journal article

This paper documents significantly steeper declines in nondurable expenditures at older ages in the United Kingdom compared to the United States, in spite of income paths being similar. Several possible causes are explored, including different employment paths, housing ownership and expenses, levels and paths of health status, number of household members, and out-of-pocket medical expenditures.

17 October 2019

Article graphic

How are younger generations faring compared to their parents and grandparents?

Comment

Interest in how the economic circumstances of younger generations compare to those who are older shows no signs of slowing. Politicians on all sides of the debate express interest, or concern, in how trends in UK economy and society are affecting those who are currently in their 20s and 30s in particular. But what does the latest data – which for the first time now allows analysis of those born in the late 1980s – say?

17 October 2019

Working paper graphic

Inference after estimation of breaks

Working Paper

In an important class of econometric problems, researchers select a target parameter by maximizing the Euclidean norm of a data-dependent vector.

15 October 2019

Working paper graphic

An adaptive test of stochastic monotonicity

Working Paper

We propose a new nonparametric test of stochastic monotonicity which adapts to the unknown smoothness of the conditional distribution of interest, possesses desirable asymptotic properties, is conceptually easy to implement, and computationally attractive.

15 October 2019

Book graphic

Public finances: where are we now?

Book Chapter
Post-financial-crisis, public sector borrowing – the gap between government revenue and spending – has fallen and, at the March 2019 Spring Statement, it stood below its long-run historical average. However, a number of changes have occurred since March, or loom on the horizon.

8 October 2019

Book graphic

Fiscal targets and policy: which way next?

Book Chapter
The fiscal targets bequeathed by former chancellor Philip Hammond all expire during the current forecast period. Moreover, the government has stated that it wants to keep open the possibility of a ‘no deal’ Brexit and, should this occur, it would require an important decision on how fiscal policy should adjust both in the near and long term. These two issues interact since any new fiscal targets ought to be carefully designed so that they are robust to plausible scenarios for the UK economy, not least around Brexit.

8 October 2019

Book graphic

Spending Round 2019: keeping perspective

Book Chapter
The 2019 Spending Round, published in September 2019, set departmental budgets for the 2020−21 financial year. Chancellor Sajid Javid topped up the spending plans pencilled in by his predecessor, announced spending increases across the board and declared austerity to be over. But these increases must be seen in context: austerity may have ‘ended’ but it is far from undone. And a decade of spending restraint means that even after recent announcements, spending on public services next year will be well below where we might have expected it to be, given historical rates of spending growth and growth in national income.

8 October 2019

Book graphic

Barriers to delivering new domestic policies

Book Chapter
Since the 2016 vote to leave the European Union, Brexit has become the policy area that dominates debate in the UK. It defined Theresa May’s government and will undoubtedly consume much of the government’s time and energy over the next few years, regardless of how the Brexit agenda evolves or who is in power.

8 October 2019

Presentation graphic

The UK economic outlook

Presentation

This presentation was given at the launch of the IFS Green Budget 2019 by Christian Schulz, Citigroup's Lead Economist on the UK.

8 October 2019