The historical role of energy in UK inflation and productivity and implications for price inflation in 2022
We model UK price and wage inflation, productivity and unemployment over a century and a half of data, selecting dynamics, relevant variables, non-linearities and location and trend shifts us¬ing indicator saturation estimation. The four congruent econometric equations highlight complex int...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
University of Oxford
2022
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