Tag Archives: commodity prices

Why don’t economists care more about rising resource prices?

resource price levelThis post was first published on The Huffington Post.

Britain faces many economic challenges: the need to restore macroeconomic stability, improve competitiveness, protect living standards and address rising inequality. These challenges have spurred much creative thinking by economists in areas such as monetary policy, taxation, labour market reform and education and training. Yet far less prominence has been given to an issue that affects all of these economic challenges: the impact of rising resource prices. Read more