A Note on the Determinants of UK Business Cycles.
In their empirical analysis of Real Business Cycle models for the UK, Holland and Scott (1998) find that they cannot reject the proposition that movements in output are largely determined by 'productivity shocks' which are independent of demand side variables, such as interest rates. In th...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
School of Business and Economics (University of Exeter)
1998
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