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...

Полное описание

Библиографические подробности
Главные авторы: Castle, JL, Hendry, DF, Martinez, AB
Формат: Journal article
Язык:English
Опубликовано: Elsevier 2023