Inflation and the UK Labour Market.
This paper explores the reasons why inflation is, and has been for four decades, endemic in Britain. We argue that there is a fundamental supply-side constraint in the economy which takes deficit and increases in inflation. The mix of monetary and fiscal policy, along with private sector demand shoc...
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| Médium: | Journal article |
| Jazyk: | English |
| Vydáno: |
1990
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