Search

Begin New Search Topic Economics Political Geography England

1. A Call to the Conference of the New England Governors and Eastern Canada Premiers for Bilateral Energy Governance

Author:
Andrew Adams, Lyne Maheu, and Kieran McDougal
Publication Date:
11-2014
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The Northern Pass Transmission Project is mired in political deadlock due to conflict over its potential impacts and current assessment process. Although the proposal has little political support within New Hampshire, the US Department of Energy (DOE's) assessment process is moving forward. New England has become increasingly dependent on natural gas for power generation, which has dramatically risen in price recently, and the Northern Pass presents an opportunity to diversify the region's electrical supply. However, as the project stands, New Hampshire bears a majority of the economic, social and ecological costs, while receiving little of the regional benefit of affordable, flexible and reliable energy. There may be similar alternatives to the Northern Pass that secure the regional benefits of energy security and reliability while also reducing local costs. Without comparing the Northern Pass against alternative infrastructure projects, policy makers cannot assess which project generates the most net benefits. This policy brief contrasts the local and regional impacts of the Northern Pass, in order to shed light on the deficiencies that arise when analysing energy infrastructure projects in isolation.
Topic:
Economics, Energy Policy, Politics, and Infrastructure
Political Geography:
Canada and England

2. How Flexible Can Inflation Targeting Be and Still Work?

Author:
Adam S. Posen and Kenneth N. Kuttner
Publication Date:
09-2011
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that of the Federal Reserve, which does not have such a target. The empirical analysis uses the speed of inflation forecast convergence, estimated from professional forecasters' predictions at successive forecast horizons, to gauge the perceived flexibility of the central bank's response to macroeconomic shocks. Based on this criterion, there is no evidence to suggest that the Bank of England's inflation target has compelled it to be more aggressive in pursuit of low inflation than the Federal Reserve.
Topic:
Economics, International Trade and Finance, Markets, and Monetary Policy
Political Geography:
England

3. Economic Development and Growth: A Survey

Author:
Meir Kohn
Publication Date:
08-2009
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The most basic challenge for economics is to understand the nature and causes of economic progress. But what exactly is to be explained? What are the facts? One very striking fact is historical—the rapid acceleration in the rate of economic progress since the early 1800s. Another is geographical—the huge differences in levels of economic progress in different parts of the world today. The questions virtually ask themselves. Why did economic progress accelerate? Why is it not universal? On the whole, these two questions have been addressed by two different specialized fields within economics. Economic history has addressed the question of change over time, and development economics has addressed the question of contemporary differences across countries.
Topic:
Economics
Political Geography:
England

4. Economic Development and Growth: A Survey

Author:
Meir Kohn
Publication Date:
10-2009
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The most basic challenge for economics is to understand the nature and causes of economic progress. But what exactly is to be explained? What are the facts? One very striking fact is historical—the rapid acceleration in the rate of economic progress since the early 1800s. Another is geographical—the huge differences in levels of economic progress in different parts of the world today. The questions virtually ask themselves. Why did economic progress accelerate? Why is it not universal? On the whole, these two questions have been addressed by two different specialized fields within economics. Economic history has addressed the question of change over time, and development economics has addressed the question of contemporary differences across countries.
Topic:
Economics and War
Political Geography:
England

5. It's Only Going to Get Worse

Author:
Lawrence B. Lindsey
Publication Date:
06-2008
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
America has not had a nationwide housing crash since the 1930s. At one point during that calamity, an estimated 60 percent of all mortgages were in technical default. The rather primitive housing credit system of the time, which relied on five-year balloon mortgages, certainly exacerbated the problem, but the bulk of the problem was related to the general economic downturn. There have been some regional housing crashes that were short and relatively mild, most notably in California, Texas, and New England in the late 1980s and early1990s. Most of those were caused by declines in key local industries: oil in Texas, aerospace and defense in Southern California and Massachusett.
Topic:
Economics and Markets
Political Geography:
United States, California, and England

6. Global Rebalancing

Author:
John H. Makin
Publication Date:
10-2007
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
The global economic and financial picture is changing rapidly. A review of some of the key elements is in order, as the U.S. economy has slowed rapidly and the Federal Reserve has responded aggressively with rate cuts, while the Bank of England's tough policies pushed one of the United Kingdom's largest mortgage lenders, Northern Rock, to the brink of collapse as a bank run on that suddenly beleaguered institution ensued. Meanwhile, Japan, still the world's second-largest economy—though perhaps the least dynamic of the major ones—slipped into negative growth at a 1.2 percent annual rate in the second quarter after having initially reported growth over 2 percent. The rate-boost-obsessed Bank of Japan finally decided to stop raising rates, and, to add to the complexity of the picture, Japan's relatively new prime minister Shinzo Abe resigned, unable to provide the leadership sorely needed in a nation lacking economic and political direction.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
United States, Japan, United Kingdom, and England

7. The State of American Cities

Author:
Bruce Katz and Alan Berube
Publication Date:
11-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This summary report provides an overview of The State of American Cities. It addresses four major questions that are explored in further detail in the topic report: What are the current trends and drivers of change in US cities? What factors measure and explain city success in the U.S? What policies have promoted the success of US cities? What can English cities learn from this? The report argues that whilst the US and England are marked by significant cultural and political differences in their views on cities, the two nations are undergoing similar economic and demographic transitions that pave the way for a useful comparative policy dialogue on urban areas.
Topic:
Civil Society and Economics
Political Geography:
United States, United Kingdom, America, Europe, and England

8. Central Banks as Agents of Economic Development

Author:
Gerald Epstein
Publication Date:
05-2006
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
In the last two decades, there has been a global sea change in the theory and practice of central banking. The currently dominant 'best practice' approach to central banking consists of the following: (1) central bank independence (2) a focus on inflation fighting (including adopting formal 'inflation targeting') and (3) the use of indirect methods of monetary policy (that is, short-term interest rates as opposed to direct methods such as credit ceilings). This paper argues that this neo-liberal approach to central banking is highly idiosyncratic in that, as a package, it is dramatically different from the historically dominant theory and practice of central banking, not only in the developing world, but, notably, in the now developed countries themselves. Throughout the early and recent history of central banking in the US, England, Europe, and elsewhere, financing governments, managing exchange rates, and supporting economic sectors by using 'direct methods' of intervention have been among the most important tasks of central banking and, indeed, in many cases, were among the reasons for their existence. The neo-liberal central bank policy package, then, is drastically out of step with the history and dominant practice of central banking throughout most of its history.
Topic:
Development and Economics
Political Geography:
United States, Europe, and England

9. Rentier Shifts, Legitimacy, and the Social Sources of International Financial Hegemonie

Author:
Leonard Seabrooke
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
Australian National University Department of International Relations
Abstract:
This paper provides an analysis of the domestic legitimation of 'financial reform nexuses' during two periods of English and US international financial hegemony. Following Max Weber's work on the state and finance, I argue that positive state intervention is required to legitimise a 'financial reform nexus' (the interrelation of credit, property, and tax politics) for people on below median income. I hypothesise that sufficient legitimation of a financial reform nexus provides the means to generate and sustain international financial hegemony, including the capacity to tailor the structure of the international financial order to suit the hegemon's interests. Conversely, if the hegemon is unable to sustain the legitimation of its domestic financial reform nexus-a choice that correlates with negative state intervention that supports a 'rentier shift'-its capacity to maintain international financial hegemony wanes. I draw from examples of the legitimation of financial reform nexuses in England (1900-15) and the US (1985-2000), linking domestic legitimation to consequent changes in the structure of the international financial order. Through this analysis of the social sources of English and US international financial hegemonies, I differentiate the English 'international rentier economy' from the US 'international creditor economy'. Finally, I stress the importance of positive state intervention for the legitimation of the US financial reform nexus.
Topic:
Development, Economics, Government, and International Trade and Finance
Political Geography:
England

10. Numbering British Contention, 1758-1834

Author:
Thomas Chronopoulos
Publication Date:
12-1995
Content Type:
Working Paper
Institution:
Center for Studies of Social Change
Abstract:
In the period between 1758 and 1834 repertoires of contention in Britain changed from parochial, particular, and bifurcated to cosmopolitan, modular, and autonomous. In other words, eighteenth century actions "that included a good deal of ceremonial, street theater, deployment of strong visual symbols, and destruction of symbolically charged objects" through the course of time lost their relative predominance and instead "demonstrations, strikes, rallies, public meetings, and similar forms of public interaction came to prevail during the nineteenth century." These new routines for the eighteenth century contentious events are the ones that ordinary people in the United States and Western Europe still to this date principally employ to make claims. This conclusion merges from a systematic study of more than 8,000 contentious gatherings, in Southern England (1758-1820) and Great Britain as a whole (1828-1834).
Topic:
Conflict Resolution, Security, Economics, and Politics
Political Geography:
Britain, United States, United Kingdom, Europe, and England