Modelling UK Inflation over the Long Run.
UK inflation varied greatly over 1865-1990, in response to many policy and exchange-rate regimes, two world wars and oil crises, and major legislative, and technological changes. It is modelled as responding to excess demands from all sectors of the economy: goods and services, factors of production...
Main Author: | Hendry, D |
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Format: | Working paper |
Language: | English |
Published: |
Department of Economics (University of Oxford)
2000
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