The historical role of energy in UK inflation and productivity with implications for price inflation

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 using indicator saturation estimation. The four congruent econometric equations highlight complex interacting e...

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Bibliografiska uppgifter
Huvudupphovsmän: Castle, JL, Hendry, DF, Martinez, AB
Materialtyp: Journal article
Språk:English
Publicerad: Elsevier 2023