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From retailers' paradise to shoppers' strike: what lies behind the weakness in consumption?
In a speech delivered at Cass Business School, Martin Weale reflects on the relative weakness in consumption over the recent period of recession and stagnation.
Published on
29 February 2012
Martin Weale discusses a number of factors relevant to consumption, including monetary policy, age effects, unemployment and social security reform, and quantifies the influence of some of these on consumption patterns. He concludes with some thoughts on the implications for monetary policy.
Press release