What Might Be Driving the Need to Rebalance in the United Kingdom?

12 Pages Posted: 28 Mar 2012

See all articles by Stuart Berry

Stuart Berry

Bank of England - Monetary Analysis

Matthew Corder

Bank of England

Richard Williams

Bank of England - Monetary Analysis

Date Written: March 27, 2012

Abstract

Low national saving, a persistent current account deficit and the rapid expansion of balance sheets are potential reasons why the UK economy needs to rebalance. Global factors are likely to have been an important driver of these developments, but domestic factors have played an important role in the longer-term trends. This article looks at how the potential drivers of the need for rebalancing have evolved and how they fit together.

Suggested Citation

Berry, Stuart and Corder, Matthew and Williams, Richard, What Might Be Driving the Need to Rebalance in the United Kingdom? (March 27, 2012). Bank of England Quarterly Bulletin 2012 Q1, Available at SSRN: https://ssrn.com/abstract=2029633

Stuart Berry (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Matthew Corder

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Richard Williams

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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