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The March Budget triumph will not solve our deep economic problems

Chadha, Jagjit S. (2021) The March Budget triumph will not solve our deep economic problems. LSE Business Review (03 Mar 2021). Blog Entry.

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Abstract

The chancellor is formally required to condition his fiscal policy choices on the OBR’s economic forecast. Jagjit S. Chadha (NIESR) writes that the OBR’s sequence of forecasts after the financial crisis were persistently optimistic and the period since the Brexit referendum has been plagued by an endemic uncertainty that has frustrated rational expectations of investment, wages growth and productivity gains. He advises great caution, gradual policy initiatives, and readiness to change tack if the economy does not evolve as expected.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Author
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HJ Public Finance
Date Deposited: 23 Apr 2021 11:09
Last Modified: 25 Jul 2021 23:03
URI: http://eprints.lse.ac.uk/id/eprint/109952

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