Evaluate the evolution of unemployment and private and public debt in the UK from 2002 – 2013.

Evaluate the evolution of unemployment and private and public debt in the UK from 2002 – 2013.

Please follow the essay topic/question with appropriate graphs or diagrams : (Evaluate the evolution of unemployment and private and public debt in the UK from 2002 – 2013. Which role did private and public debt play in the build- up to the financial crisis in 2008? How did the dynamics of these variables change after 2009? Discuss.)

To find the relevant data, here are some useful links:

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www.ons.gov.uk

http://www.bankofengland.co.uk/statistics/Pages/default.aspx

http://www.imf.org/external/data.htm

http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/themes (This is an excellent source of data but it is not very user-friendly. Here is how to extract the data: Click on any of the themes, i.e. interest rates. On the left panel, select database, click on the + sign next to the folders to extend them – i.e. government bond yields- then click on Government bond yields, 10 years’ maturity – annual data (irt_lt_gby10_a). A new window will open. On top left, click on select data. You will see geo, intrt and time on the left. You can choose any country through any time and then click on update. Once you have obtained the data you are looking for, click on download and you can download the data in an excel file) Evaluate the evolution of unemployment and private and public debt in the UK from 2002 – 2013.

you might find some of the below resources useful:
Hall, M. J.B. (2009) “The Sub-prime Crisis, the Credit Squeeze, Northern Rock and Beyond: The Lessons to be Learnt” Loughborough University, Discussion Paper Series, WP 2009 – 03.

Midthjell, Nina (2011), Fiscal policy and financial crises – what are the actual effects of fiscal policy?”, NorgesBank Economic Bulletin. Available at: http://www.norges- bank.no/pages/86559/Fiscal_policy_and_financial_crisis.pdf

Romer, Christina (2012), “Fiscal Policy in the Crisis: Lessons and Policy Implications”, Working Paper. Available at: http://elsa.berkeley.edu/~cromer/Lessons%20for%20Fiscal%20Policy.pdf

Do not use strange images copied straight from google search or other papers/ books with no proper referencing to the data, thank you for following the instructions Evaluate the evolution of unemployment and private and public debt in the UK from 2002 – 2013.