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Slow growth does not have to be our ‘new normal’. Government needs to change the way it looks at the growth problem in the long term

Valero, Anna and Van Reenen, John (2011) Slow growth does not have to be our ‘new normal’. Government needs to change the way it looks at the growth problem in the long term. British Politics and Policy at LSE (02 Aug 2011) Blog Entry.

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Abstract

Today the IMF cast doubt on the Chancellor’s deficit reduction programme and new figures suggested that manufacturing activity had all but ground to a half. The news from the Office of National Statistics (ONS) last week that the UK economy grew by only 0.2% in the second quarter of 2011 – down from 0.5% in the first quarter – also made for grim reading. Anna Valero and John Van Reenen argue that the government should reverse some of the spending cuts, change immigration policy, and invest in public infrastructure in order to rebalance the economy and restore growth.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2011 the author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
J Political Science > JA Political science (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Journal of Economic Literature Classification System: H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General
H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management
Sets: Departments > Economics
Collections > British Politics and Policy at LSE
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 23 Aug 2011 15:35
URL: http://eprints.lse.ac.uk/38007/

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