scholarly journals Macroeconomic Modelling at the Institute: Hopes, Challenges and a Lasting Contribution

2018 ◽  
Vol 246 ◽  
pp. R3-R14 ◽  
Author(s):  
Ray Barrell ◽  
Andy Blake ◽  
Garry Young
Keyword(s):  
Global Economy ◽  
Early Years ◽  
Macroeconomic Models ◽  
Macroeconomic Modelling ◽  
New Frontier ◽  
New Ideas ◽  
The Subject ◽  
The Uk ◽  
Economic Forecasts ◽  
Modelling And Forecasting

The Institute is a world leader in macroeconomic modelling and forecasting. It has produced quarterly economic forecasts for around sixty years, supported by macroeconomic models. The aim of the original builders of macroeconomic models was to transform understanding of how economies worked and use that knowledge to improve economic policy. In the early years, when computers were rare, macroeconomic modelling was a new frontier and Institute economists were among the first to produce a working model of the UK economy. It is remarkable how quickly models were being used to produce forecasts, assess policy and influence the international macroeconomic research agenda. The models built at the Institute were mainstream in the sense that they followed the contents of standard macroeconomic textbooks, developed with the subject, and fitted the facts as they were known at the time. There were continual improvements in understanding as the subject developed in response to new ideas and developments in the global economy. This article celebrates the development of macroeconomic modelling at the Institute and the contribution it has made to public life.

An early mainstream economist from Hungary: István Varga (1897–1962)

2003 ◽  
Vol 53 (2) ◽  
pp. 195-213 ◽  
Author(s):  
K. Majoros
Keyword(s):  
Austrian Economic ◽  
National Income ◽  
Anglo Saxon ◽  
Turbulent Times ◽  
The Usa ◽  
New Ideas ◽  
Modern Economic ◽  
The Uk ◽  
Economic Thinking ◽  
Lasting Influence

The study introduces a Hungarian economic thinker, István Varga*, whose valuable activity has remained unexplored up to now. He became an economic thinker during the 1920s, in a country that had not long before become independent of Austria. The role played by Austria in the modern economic thinking of that time was a form of competition with the thought adhered to by the UK and the USA. Hungarian economists mainly interpreted and commented on German and Austrian theories, reasons for this being that, for example, the majority of Hungarian economists had studied at German and Austrian universities, while at Hungarian universities principally German and Austrian economic theories were taught. István Varga was familiar not only with contemporary German economics but with the new ideas of Anglo-Saxon economics as well — and he introduced these ideas into Hungarian economic thinking. He lived and worked in turbulent times, and historians have only been able to appreciate his activity in a limited manner. The work of this excellent economist has all but been forgotten, although he was of international stature. After a brief summary of Varga’s profile the study will demonstrate the lasting influence he has had in four areas — namely, business cycle research and national income estimations, the 1946 Hungarian stabilisation program, corporate profit, and consumption economics — and will go on to summarise his most important achievements.

scholarly journals Statutory audit in Slovakia – significant phenomenon of global European changes

2020 ◽  
Vol 74 ◽  
pp. 06006
Author(s):  
Denisa Domaracká ◽  
Veronika Kňažková
Keyword(s):  
Financial Reporting ◽  
Global Economy ◽  
Financial Statements ◽  
Legislative Regulation ◽  
Significant Phenomenon ◽  
The Subject ◽  
The Impact ◽  
Regulation Changes ◽  
Audit Performance

The changing global economy environment also affected the area of statutory audit. Nowadays, statutory audit faces the significant changes not only because of the processes of digitization and automation in accounting and auditing, but because of increased and tightened legislative regulation, too. The most important aspects of financial reporting and auditing are subject to EU Regulations and EU Directives. For this reason, the issue of legislative regulation changes in field of statutory audit in Slovakia has become the subject of our article. Currently, the proposal of amending and supplementing Act. No 431/2002 Coll. on Accounting, as amended underwent an interdepartmental comment procedure. The proposal includes the changes on requirements for statutory audit. This article examines the current proposal to change (mainly increase) the conditions for performing the mandatory statutory audit of financial statements in Slovak audit environment. Our goal is to clarify the reasons and implications behind the changes of Slovak legislation as well as the impact of these changes on audit performance in Slovakia. We believe conducting statutory audits in accordance with the applicable legislation accepted and implemented at international European level can contribute to transparency and improve the quality of audit performance. In order to achieve the goal, it was necessary to choose a purposeful work methodology and research methods.

The Cycle of Agathias: New Identifications Scrutinised

1969 ◽  
Vol 89 ◽  
pp. 87-96 ◽  
Author(s):  
R. C. McCail
Keyword(s):  
Recent Article ◽  
Early Years ◽  
Political Life ◽  
The Political ◽  
Historical Sources ◽  
Close Relationship ◽  
The Subject ◽  
State Of Affairs ◽  
Dead Man ◽  
Published Account

The Cycle of sixth-century epigrams edited by Agathias Scholasticus is the subject of a recent article by Mr and Mrs A. Cameron (JHS lxxxvi [1966] 6 ff.), who argue cogently that it was published in the early years of Justin II, and not the later years of Justinian, as has hitherto been supposed. Ca. also suggest identifications for many of the poets and imperial officials who figure in the Cycle. They do not, however, exhaust all the identifications that can be made, and some of those suggested by them require amplification or correction. Furthermore, Ca.'s view of the dating of the Cycle leads them, it seems to me, to underestimate its Justinianic character. The following observations are offered without prejudice to the merit of Ca.'s article as a whole.Among the Cyclic poets, only Julian the ex-Prefect of the East stands in close relationship to the political life of the age. His involvement in the Nika insurrection of 532 is attested by historical sources and, as Ca. claim (13), by two epigrams of the Anthology. The latter, however, contain difficulties passed over by Ca. In the first place, of the two epigrams on the cenotaph of Hypatius, only AP vii 591 is certainly from Julian's pen; vii 592 is unattributed in the Palatine MS., a fact which Ca. omit to mention. (It is absent from the Planudean MS.) The state of affairs in P is no accident, vii 591, though eulogising the dead man and alluding openly to the casting of his corpse into the sea, is moderate in tone, and would have caused no more offence to Justinian than Procopius's published account of the affair.

Interest rates in five macroeconomic models of the UK

1987 ◽  
Vol 4 (1) ◽  
pp. 19-64 ◽  
Author(s):  
Bill Easton ◽  
Kerry Patterson
Keyword(s):  
Interest Rates ◽  
Macroeconomic Models ◽  
The Uk

The Lived Experience of Financialization at the UK Financial Fringe

2021 ◽  
pp. 1-22
Author(s):  
LINDSEY APPLEYARD ◽  
CARL PACKMAN ◽  
JORDON LAZELL ◽  
HUSSAN ASLAM
Keyword(s):  
Lived Experience ◽  
Financial Services ◽  
Global Financial Crisis ◽  
Credit Market ◽  
Short Term ◽  
Dramatic Decline ◽  
The Everyday ◽  
The Subject ◽  
The Uk ◽  
The Impact

Abstract The financialization of everyday life has received considerable attention since the 2008 global financial crisis. Financialization is thought to have created active financial subjects through the ability to participate in mainstream financial services. While the lived experience of these mainstream financial subjects has been the subject of close scrutiny, the experiences of financial subjects at the financial fringe have been rarely considered. In the UK, for example, the introduction of High-Cost, Short-Term Credit [HCSTC] or payday loan regulation was designed to protect vulnerable people from accessing unaffordable credit. Exploring the impact of HCSTC regulation is important due to the dramatic decline of the high-cost credit market which helped meet essential needs in an era of austerity. As such, the paper examines the impact of the HCSTC regulation on sixty-four financially marginalized individuals in the UK that are unable to access payday loans. First, we identify the range of socioeconomic strategies that individuals employ to manage their finances to create a typology of financial subjectivity at the financial fringe. Second, we demonstrate how the temporal and precarious nature of financial inclusion at the financial fringe adds nuance to existing debates of the everyday lived experience of financialization.

European Union Law

2021 ◽  
Author(s):  
Margot Horspool ◽  
Matthew Humphreys ◽  
Michael Wells-Greco
Keyword(s):  
European Union ◽  
Environmental Law ◽  
Research Topics ◽  
European Union Law ◽  
European Institutions ◽  
The Subject ◽  
Free Movement Of Goods ◽  
The Uk ◽  
Substantive Law ◽  
The Eu

Titles in the Core Text series take the reader straight to the heart of the subject, providing focused, concise and reliable guides for students at all levels. The eleventh edition of European Union Law provides a systematic overview of the European institutions and offers thorough, wide-ranging coverage of the key substantive law topics, including separate chapters on competition, discrimination, environmental law and services. It also features a new chapter on the EU and its relationship with third countries, including the UK. Incisive analysis of the governing themes and principles of EU law is consistently delivered, while chapter summaries, critical questions, further reading suggestions and the new ‘Brexit checklist’ feature help to guide the reader through the subject and support further research. Topics covered also include supremacy and direct effect, the European Courts, general principles, free movement of goods and persons and citizenship.

scholarly journals ICD, Mental Disorder and British Nosologists: An assessment of the uniquely British contribution to psychiatric classification

1994 ◽  
Vol 165 (1) ◽  
pp. 1-3 ◽  
Author(s):  
Michael Shepherd
Keyword(s):  
North America ◽  
Mental Disorder ◽  
Historical Survey ◽  
Psychiatric Classification ◽  
The Subject ◽  
The Uk ◽  
National Systems ◽  
The Way

During several recent international meetings on classification, there have been frequent references to national systems of classification developed and used in Europe, North America and many other countries. The UK has been notably absent from this list. As Professor Kendell, in his brief historical survey of the subject, points out: “British psychiatry does not have, and indeed never has had, any important diagnostic concepts of its own in the way that French, American, and Scandinavian psychiatry still do” (Kendell, 1985).

scholarly journals X.—A Revised History of the Column of Phocas in the Roman Forum

Archaeologia ◽  
1890 ◽  
Vol 52 (1) ◽  
pp. 183-194 ◽  
Author(s):  
F.M. Nichols
Keyword(s):  
Early Years ◽  
Public Building ◽  
The World ◽  
History Of ◽  
Christian Worship ◽  
The Subject ◽  
Roman Forum ◽  
The Temple

It may be of interest to the Society if I submit to its notice some observations made last year, which render it necessary to re-write the history of one of the best known monuments of Rome.The monument, which for fifty-six years has been called the Column of Phocas, was formerly, when nothing but the pillar itself was seen above ground, the subject of much curiosity and speculation among the visitors of the Forum. The “nameless column with the buried base” was thought by some to be the sole relic of a great temple or other public building. By others it had been conjectured to be part of the famous bridge by which Caligula united his palace on the Palatine with the temple of Capitoline Jupiter. In the early years of the century, among other works of the same kind, it was resolved to clear away the soil and débris from the substructure of this column; and on the 13th of March, 1813, the inscription of its pedestal, which had remained for centuries a few feet below the level of the ground, was uncovered, and revealed the fact that it had supported a statue dedicated by the exarch Smaragdus to the honour of a Caesar, whose name had been erased, but who, by other indications, could be no other than Phocas, an emperor of evil reputation, but to whom Rome and the world owe some gratitude for having been instrumental in dedicating the Pantheon to Christian worship, and so preserving from ruin one of the noblest and most original architectural works of antiquity.

The State of the Art in Management Education Applicable to Aerospace Activities

1967 ◽  
Vol 71 (677) ◽  
pp. 344-348
Author(s):  
J. V. Connolly
Keyword(s):  
Management Education ◽  
State Of The Art ◽  
Aerospace Industry ◽  
List Type ◽  
Industrial Training ◽  
The Past ◽  
The Subject ◽  
Economic Necessity ◽  
The Uk ◽  
The Impact

During the past two years, there has been a sharp acceleration to the interest which industry has displayed in the subject of management education. This can be attributed to these factors: —(a) A more widespread realisation of the gap developing between the UK and a number of foreign economies, as manifested by diverging rates of the major economic indicators.(b) The attainment of top-management responsibilities by a younger generation of managers, many of whom had been given some earlier training and who were more conscious of its value than the incumbents of the job from earlier generations.(c) The publication of the Franks, Robbins and (in the aerospace industry) the Plowden reports.(d) The impact of the Industrial Training Boards making it manifest, in terms of serious levies, that training was an economic necessity and therefore must be investigated thoroughly.Notwithstanding the widespread awakening of interest, it is very belated and sets numerous problems. The problems are in two areas—scale and quality.

“Systems”, Strengths, Weaknesses and Challenges

2017 ◽  
Vol 4 (1) ◽  
pp. 49-59
Author(s):  
Frank Stowell
Keyword(s):  
Action Research ◽  
Systems Thinking ◽  
Research Funding ◽  
Cumulative Effect ◽  
Research Programme ◽  
Common Reason ◽  
New Ideas ◽  
The Subject ◽  
The University

Systems and Cybernetics no longer occupies the position, in academic circles, it once did. There are many reasons why this is the case but a common reason given is the lack of research funding for the subject. The knock-on effect is that the subject has fewer 'champions' and as a consequence is less prominent then it once was. There are many factors that mitigate against research funding for the domain but the cumulative effect is that there are few (if any) new ideas generated now which in turn is having an impact upon the number of academics attracted to it. In this paper the author revisits the action research programme at the University of Lancaster. This project contributed valuable insights into organisational inquiry and the nature of Systems thinking for over 30 years. In this paper the author revisits the programme to discover if there are lessons to be learnt that may be adopted to help provide a means of re-establishing the profile of the domain.

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