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...
Main Authors: | Castle, JL, Hendry, DF, Martinez, AB |
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Formato: | Journal article |
Idioma: | English |
Publicado em: |
Elsevier
2023
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