Ewch i’r prif gynnwys

Wedi’r dymchweliad: dylanwadu polisi economaidd

Datblygu modelau newydd economaidd i sbarduno adferiad rhyngwladol o’r dymchweliad ariannol byd-eang yn 2007.

UK Currency

Mae'r cynnwys isod ar gael yn Saesneg yn unig.

Following the global economic crisis of 2007, there has been focus on macroeconomic policies in the UK and wider European Community.

Clear rules to generate growth

Researchers from the Julian Hodge Institute of Applied Macroeconomics at Cardiff Business School developed models that showed how a series of measures, for example, clear monetary rules which target inflation, could benefit the UK economy.

The team's models emphasise the need for clear fiscal planning, with limits on money supply growth to curb inflation. The team also identified key reforms in tax policy which, together, could lead to substantial benefits to the UK economy.

Professor Patrick Minford proposed the abolition of the top rate of income tax, the revenue loss from which he demonstrated would be offset by broadening the base of taxation and by its positive effects on labour supply, innovation and productivity growth.

The cost of the EU

In 2012, Professor Patrick Minford was introduced by the Chair of the House of Commons Foreign Affairs Committee as "one of the most prominent economists advocating British withdrawal from the EU". Professor Minford went on to make direct reference to research findings highlighting the "considerable cost [of] being inside the European Union" as a result of its "protectionist" nature and specifically to the "3% of GDP" that would be gained by "moving to free trade".

Informing UK policy debates

The research has been used directly and indirectly, via MPs and intermediaries, to inform policy debates around such major issues as Britain's membership of the European Union (EU), as well as contributing to the wider public debate.

Dyma’n harbenigwyr

Yr Athro Patrick Minford

Yr Athro Patrick Minford

Professor of Applied Economics

+44 (0)29 2087 5728

Ffoniwch ni ar 0800 801750 i drafod sut y gallai ein hymchwil ni helpu eich sefydliad chi.

This research was made possible through our close partnership with and support from: