Tag Archives: UK

Is Economic Growth Really Ending?

Robert Gordon has argued in his recent NBER paper “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds” that growth rates have slowed and we are reverting to very low historical growth rates and indeed a period of economic stagnation.  However, what I find intriguing is that an examination of some long-term data […]

Looking for an Example of Price-Elasticity of Demand?

The application results for UK universities in the wake of a tripling of tuition fees are in and they show a drop in applications.  The limit on tuition fees in September 2012 is projected to rise to up to 9,000 pounds per year up from about 3,350 pounds for an increase of about 169 percent.  […]

Fences, Walls, Pillars and Banking

A government report out of the United Kingdom recommended that UK banks should “ring-fence” their retail banking divisions to protect them from riskier investment banking arms.  The Independent Commission on Banking (ICB) calls for these changes to be implemented starting in 2019.