Macroeconomic trends & policy

Macroeconomic trends & policy

Many of the UK productivity issues reflect economy-wide failures. From a private finance viewpoint, large financing gap for business seems to have emerged as banking restrictions on lending lead to shortfalls in productive investment. From a fiscal viewpoint, public investment in productivity-enhancing infrastructure may be limited by the fiscal regime and accounting frameworks used by the Treasury.

Theme lead

Professor Jagjit Chadha


Professor John Tsoukalas
Dr Garry Young, National Institute for Social and Economic Research

Recent Publications

J. Fernald, R. Inkaar (2022)

The UK Productivity “Puzzle” in an International Comparative Perspective

P. Mortimer-Lee, A. Pabst (eds, 2022)

Covid-19 and Productivity: Impact and Implications

B. van Ark, A. J. Venables, (2020)

A concerted effort to tackle the productivity puzzle during the post-COVID era