Research Workshop: Uncertainty, UK macroeconomy and household finance

The session will be discussing the 'Consumer Confidence Indicator' (CCI) regarding its impact on consumers and the Business Community.

In this whole day event, Dr Mohammad HasanProfessor Miguel Leon-Ledesma along with Dr Robert Gausden (University of Portsmouth) will deliver a session discussing the 'Consumer Confidence Indicator' (CCI) regarding its impact on consumers and the Business Community.

The aim of this workshop is to bring together a collection of high-quality papers dedicated to the subject of the economic consequences of shifts in consumer sentiment and especially uncertainty. While some of the studies are performed at an aggregate level, others are concerned with potentially differential effects of disturbances on the well-being of households which occupy different positions in the income/wealth distribution.

In an attempt to provide some variety, the theme of the final paper is the impact of the Covid-19 pandemic on business creation.

Coffee, refreshments, and lunch will be provided on the day.

Schedule

9.00             Assembly, Tea and Coffee

9.30 – 9.40         Welcome and Background | Miguel Leon-Ledesma (University of Kent)

9.40 – 10.10       The Effects of Psychological Factors on UK Household Consumption  Expenditure | Robert Gausden (University of Portsmouth)

10.10 – 10.20      Discussion

10.20 – 10.50      Prospects for the UK Economy and Household Incomes | Laura Gardiner (Office for Budget Responsibility)

10.50 – 11.00      Discussion

REFRESHMENTS

11.20 – 11.50      Unemployment Uncertainty after the Irruption of Covid-19 | Petar Soric (University of Zagreb)

11.50 – 12.00      Discussion

12.00 – 12.30      (i) A review of ONS UK household consumption estimates, with emphasis given to the pandemic period.(ii) Future developments for ONS Household Finance Statistics.Katherine Kent (Office for National Statistics)

12.30 – 12.40      Discussion

LUNCH INTERVAL

13.50 – 14.20      Household Earnings and Income Volatility in the UK | Silvia Avram (University of Essex)

14.20 – 14.30      Discussion

14.30 – 15.00      Wealth Inequality in the UK | Jack Leslie (The Resolution Foundation)

15.00 – 15.10      Discussion

15.10 – 15.40      Hardest Hit Households in the UK | Max Mosley (National Institute of Economic and Social Research)

15.40 – 15.50      Discussion

REFRESHMENTS

16.10 – 16.40      Financial Concerns and the Marginal Propensity to Consume in Covid Times: Evidence from UK Survey Data | Bruno Albuquerque (International Monetary Fund) and Georgina Green (Bank of England)

16.40 – 16.50      Discussion

16.50 – 17.20      Business Creation During Covid-19 | Anthony Savagar (School of Economics, University of Kent)

17.20 – 17.30      Discussion

17.30                Closing Comments | Mohammad Hasan (Kent Business School)