IFS Annual Lecture by Vincent Cable MP: Economic policy lessons from the disappearing decade of stability

<p><p>The fruits of a decade (now almost 15 years) of steady growth, low inflation and ever expanding employment are now threatened by the consequences of severe asset inflation (and, potentially, deflation) and financial instability and imported inflation. Is this just temporary bad luck? Or are there serious flaws in the economic policy framework which future governments will have to address? </p></p>