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Monetary Policy Issues in the UK
After hiking rates 14 consecutive times between December 2021 and August 2023 to arrest above-target inflation, the Bank of England (BoE) has held rates at 5.25 percent since then. As the BoE prepares for easing, this paper examines three concurrent monetary policy questions: (a) how have the macroeconomic and financial effects of BoE monetary tightening during the current cycle compared with experiences in other major advanced economies (AEs), and with previous UK tightening cycles; (b) what is the impact of US Fed decisions on UK monetary transmission, and the attendant implications thereof for BoE communications; and (c) how do model-based predictions of UK monetary policy paths (which se...
Upskilling the UK Workforce
The UK workforce has larger and more chronic skills gaps than in most peer countries, with surveys reporting widespread recruitment difficulties, with implications for output, in high-skill sectors like digital and software, manufacturing, medicine and life sciences, teaching, and construction. This partly reflects declines in primary and post-secondary education outcomes (particularly science scores, over the past two decades) and in workplace training and apprenticeships, particularly for the young. Moreover, the recent increase in non-EU migrants has not fully offset the adverse impact from Brexit on the availability of needed skills, including because smaller firms face more recruitment ...
Technologies in Cell Culture
Technologies in Cell Culture - A Journey From Basics to Advanced Applications is a comprehensive book that offers a broad overview of the subject, encompassing fundamental concepts, modern techniques, and their diverse applications across various fields. Comprising eleven chapters authored by leading international experts in their respective fields, this book adeptly navigates the complexities of cell culture. It provides valuable insights into bioprocessing, cancer biology, regenerative medicine, and more. The book explores innovative strategies for restoring eyesight in individuals with age-related macular degeneration through retinal pigment epithelium monolayers derived from autologous a...
Switzerland
Growth slowed in 2022 to 2.1 percent and should decline to 0.8 percent in 2023, with risks on the downside. Inflation was 2.9 percent in March and may remain above 2 percent until 2024, due to wage pressures and rent increases. The current account surplus is expected to moderate to 7.8 percent of GDP in 2023 (global slowdown, normalization of merchanting trade). The focus of fiscal policy has shifted to offsetting extraordinary outlays while addressing medium-term spending needs within the debtbrake rule. Monetary policy is focused on reducing inflation. Credit Suisse challenges led to state-facilitated acquisition by UBS. Otherwise, financial sector buffers remain strong, but risks have increased. Pension reforms and EU dialogue progressed. Challenges are aging and skill gaps, energy security, green transition, and geo-economic fragmentation.
The Chinese Exodus
This book offers a sociological analysis as well as a theological discussion of China's internal migration since the marketization reform in 1978. It documents the social and political processes that encompass the experiences of internal migrants from the countryside to the city during China's integration into the global economy. Informed by sociological analysis and narratives of the urban poor, this volume reconstructs the political, economic, social and spiritual dimensions of this urban underclass in China who made up the economic backbone of the Asian superpower.
Computer Intelligence Against Pandemics
This book introduces the most recent research and innovative developments regarding the new strains of COVID-19. While medical and natural sciences have been working instantly on deriving solutions and trying to protect humankind against such virus types, there is also a great focus on technological developments for improving the mechanism – momentum of science for effective and efficient solutions. At this point, computational intelligence is the most powerful tools for researchers to fight against COVID-19. Thanks to instant data-analyze and predictive techniques by computational intelligence, it is possible to get positive results and introduce revolutionary solutions against related me...
The Recent Decline in United Kingdom Labor Force Participation
This paper studies the puzzling decline in labor force participation observed in the UK following the pandemic. Retirement and long-term sickness appear to be the main drivers, with chronic illness remaining a lingering distinctive factor vis-a-vis peer countries. While the government has recently adopted a battery of measures to increase labor force participation, more could be done to improve health outcomes and increase the participation of the long-term sick and the disabled, keep older workers in the labor force, increase female labor force participation, and improve the skills and productivity of both domestic and foreign workers that join the workforce.
Chinese Netizens' Opinions on Death Sentences
Provides the first in-depth examination of what Chinese netizens think about various death sentences and executions in China.
