Tags » National Accounts

Natural Capital and National Accounts

“Natural capital” might be a new concept for now, but it will surely be popular soon. “National Accounts” should be more familiar to you, but how to account for national capital in the System of National Accounts (SNA) is a new big deal. 116 more words

National Accounts

2 Mar 2017 (AFR) - Economy's golden run remains intact

(2 March 2017, AFR, p28, by Philip Baker)

‘Australia really is the lucky country. Any talk that its luck was running out has been put to one side after the latest set of  45 more words

1.Market Observations

Did the Thirty Glorious Years Actually Exist?

Okay, I am going for a flashy title here. I should have asked whether the Thirty Glorious were as glorious as they are meant to be.  484 more words


New thoughts on US wealth inequality: Not simply asset price inflation but high savings and the capitalist spirit

My latest paper in the International Journal of Political Economy (Taylor & Francis)  is now up. This link leads to gated access. Amongst other things, I have developed a simple accounting formula to capture synthetic savings within fractiles. 176 more words

Should productivity be a public policy target for Northern Ireland?


Northern Ireland (NI) recently launched its consultation on a draft Programme for Government (PfG). The document is a wide ranging framework to achieve a better society in NI containing a range of economic, social and policy objectives. 1,738 more words


Rewriting history: understanding revisions to UK GDP

Seeing into the future is always difficult. But in the world of macroeconomics, just trying to look at the past can be a challenge. Official estimates of economic growth in the UK are regularly revised, so forecasts for growth over the next year have to be made on the basis of an ever-changing report card for the previous year. 1,502 more words