Jay Elwes

Prospect Magazine

  1. What does the wages rise mean for Labour?

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    The gap between inflation and wages has now closed. The Office for National Statistics released figures this week showing that inflation, as measured using the Consumer Prices Index, grew by 1.6 per cent in the year to March. The average weekly wage, comparing December 2013 to February 2014, rose by...
  2. The government’s economic blunderbuss

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    A highly significant release has come today from the Office for National Statistics, one that has as much political significance as it does economic. “On an output per hour basis,” says the release in its customary dry language, “UK labour productivity increased by 0.3 per cent in the fourth quarter...
  3. Interview with Professor Robert Gordon

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    Robert Gordon is the Stanley G Harris Professor of Economics at Northwestern University. His 2012 paper “Is US economic growth over? Faltering Innovation Confronts the Six Headwinds,” sparked intense debate over the trajectory of growth in both the US and across western developed economies. In February, Gordon published a paper...
  4. Replacing the dollar

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    Eswar S Prasad is a professor at Cornell University and a Senior Fellow at the Brookings Institution. His latest book, The Dollar Trap, published by Princeton University Press, explores the global monetary system, and the dominant role played in it by the dollar. Prasad explains that the dollar cannot for...
  5. Selling Ed Miliband

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    Ed Miliband stood today at Prime Minister’s Questions, and when he did so a great roar went up. Unsettlingly for him, perhaps, as much of that noise came from the Government’s benches as from his own. Even before he had said a word, Tory MPs were yelling “more!” at him,...
  6. Gloom, doom—or boom?

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    Eswar S Prasad is a professor at Cornell University and a Senior Fellow at the Brookings Institution. His latest book, The Dollar Trap, published by Princeton University Press, explores the global monetary system, and the dominant role played in it by the dollar. Prasad explains that the dollar cannot for...
  7. Budget 2014: Osborne vs the pensions industry

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    George Osborne, who today announced a complete overhaul of the pensions industry ©/PA Wire/Press Association Images Read more in-depth analysis of this year’s Budget in Prospect George Osborne’s Budget speech was the last but one before next year’s election. The silence in the run up to it was deafening—not a leak,...
  8. QE, the renminbi and Scotland

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    Eswar S Prasad is a professor at Cornell University and a Senior Fellow at the Brookings Institution. His latest book, The Dollar Trap, published by Princeton University Press, explores the global monetary system, and the dominant role played in it by the dollar. Prasad explains that the dollar cannot for...
  9. In a crisis, only one thing will do

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    Eswar S Prasad is a professor at Cornell University and a Senior Fellow at the Brookings Institution. His latest book, The Dollar Trap, published by Princeton University Press, explores the global monetary system, and the dominant role played in it by the dollar. Prasad explains that the dollar cannot for...


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