Achieving Above Trend Growth

Above trend growth

Britain’s strategy for managing the massive debts incurred in responding to Covid will be the political question of the next decade and beyond, so Radix makes no apologies for returning to the topic once again.

In his budget earlier the year, the Chancellor repeated the now well-worn mantra about needing to live within our means and began to spell out strategies to pay off our debts through higher taxes and reduced spending, even if the pain was delayed.

Earlier in the year, Radix subscribers heard Prof Randall Wray, leading exponent of Modern Monetary Theory, debate with Prof Paul de Grauwe an alternative Keynesian-style strategy designed around spending our way back to economic growth.

But the one thing that all economists agree on is that boosting growth is essential to reduce debt. Many measures that could boost growth – from industrial policy to skills strategies to devaluation – have been put forward but are unlikely to provide a silver bullet alone. So what are the possible combinations of reforms? And what can we learn from other countries and from the past?

  • Panelist

    Balazs Egert

    Senior economist working for the OECD. His main research interests cover public policy reforms, international economics and finance, macro and monetary economics as well as development economics. He is widely published including in the American Economic Review,  European Economic Review, Journal of Banking and Finance, Journal of Comparative Economics, Journal of Macroeconomics, Macroeconomic Dynamics  and the World Economy.

  • Panelist

    John Mills

    Founder of the Institute for Prosperity, economist and author of "A Critical History of Economics","Managing the World Economy", and "The Elephant in the Room", a book on why Britain needs to rebalance its economy after 40 years of deindustrialisation.

  • Panelist

    Peter Marsh

    Lecturer and writer on manufacturing and the author of the New Industrial Revolution: Consumers, Globalisation and the End of Mass Production. A former manufacturing editor at the Financial Times, Peter is now the Founder of and writer for Made Here Now which seeks to increase the flow of talent into UK manufacturing

  • Panelist

    Vicky Pryce

    Chief Economic Adviser for the UK Department for Trade and Industry and Joint Head of the UK Government Economic Service. She was also Chairwoman of the GoodCorporation, an organisation promoting ethical business practices. She has been a visiting professor at the Cass Business School and Imperial College and a visiting fellow at Nuffield College, Oxford. She is a fellow at the RADIX Centre for Business, Politics & Society.

  • Chair

    Magda Polan

    Senior economist working in the asset management industry, formerly at Goldman Sachs and prior to that at the International Monetary Fund in Washington DC. There she worked on crisis prevention and resolution, sovereign debt restructurings, development of capital markets and issues related to monetary policy and sovereign asset and liability management.


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Wednesday 9th June 2021, 6:00 pm - 7:00 pm

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