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...
Huvudupphovsman: | Nickell, S |
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Materialtyp: | Journal article |
Språk: | English |
Publicerad: |
1990
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