Research on whether and how government should act in response to economic shocks.
The Department for Business, Innovation and Skills (BIS) commissioned SQW and Coventry University Business School to undertake research into economic shocks.
The study defines economic shocks as instances of significant job losses, encompassing the closure or rationalisation of large commercial undertakings due to market forces and/or strategic decision‐taking, or shocks resulting from external factors such as natural disasters and other events.
This report looks types and effects of shocks. It sets out a framework to inform decision making on whether government should intervene in the event of a shock, and the options for the appropriate form of intervention.