Regional recovery in a diverse union

Research output: Contribution to journalArticle

Abstract

This article reviews the diverse state of economic recovery across the Euro area and across the UK. Distinctions are drawn between the experiences within the Euro area, particularly among the high debt countries, and the UK. The focus then turns to whether the ongoing reforms set out in the Four Presidents’ Report “Towards a Genuine Economic and Monetary Union” address the right issues. Turning to the most recent evidence on regional disparities within countries, it is clear that challenges remain, both for the Euro area and the UK. In the case of the UK, recent evidence on regional disparities in house prices present a challenge for the Bank of England and its Financial Policy Committee and are
likely to provide a challenge to the use of its macro-prudential policy toolbox in the near future.
LanguageEnglish
Pages81-89
Number of pages9
JournalFraser of Allander Economic Commentary
Volume37
Issue number3
Publication statusPublished - 13 Mar 2014

Fingerprint

Euro area
Regional disparities
Financial policy
Economic recovery
House prices
Economic and monetary union
Bank of England
Debt
Rights issues

Keywords

  • Fraser of Allander Institute
  • regional economic recovery
  • economic union
  • monetary union
  • Bank of England

Cite this

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Regional recovery in a diverse union. / Darby, Julia.

In: Fraser of Allander Economic Commentary, Vol. 37, No. 3, 13.03.2014, p. 81-89.

Research output: Contribution to journalArticle

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