Labour market and monetary policy reforms in the UK: a structural interpretation of the implications
This paper estimates a New Keynesian model to investigate to what extent labour market reforms undertaken by the Thatcher government in the late 1930s and the introduction of a constant inflation target in 1992 might have changed the UK economic outlook if they had been introduced in the early 1970s...
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| Format: | Working paper |
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University of Oxford
2014
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