Tag Archives: resource price shock

Three ways green policy can reassure voters at the next election

Anonymous crowd of people walking on city streetThis post first appeared on The Guardian’s Environment blog.

After years of economic uncertainty and falling living standards the 2015 election will have a defensive feel to it. The electorate will want reassurance, not big change. Whoever ends up in government will be pursuing small ‘c’ conservative ends: stability and security.

The 2010 general election was not a cautious one. The banking crisis required national renewal and David Cameron, in optimistic mode, issued a manifesto invitation for the public to ‘join the government of Britain’. All three parties promised ‘revolutions’ in green technology.

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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