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Modelling UK Inflation, 1875-1991.

Abstract:

UK inflation has varied greatly in response to many economic policy and exchange-rate regime shifts, two world wars and two oil crises, as well as legislative and technological changes. Inflation is modelled as responding to excess demands from all sectors of the economy: goods and services, factors of production, money, financial assets, foreign exchange, and government deficits. Equilibrium-correction terms are developed for each of these over the sample. Indicator variables and commodity p...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1002/jae.615

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Institution:
University of Oxford
Role:
Author
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Name:
Economic and Social Research Council
Grant:
R000237500
Publisher:
John Wiley & Sons, Ltd.
Journal:
Journal of Applied Econometrics More from this journal
Volume:
16
Issue:
3
Pages:
255 - 275
Publication date:
2001-01-01
DOI:
ISSN:
0883-7252
Language:
English
UUID:
uuid:90933422-65e4-4056-985b-bfa5b6a68f92
Local pid:
oai:economics.ouls.ox.ac.uk:10829
Deposit date:
2011-08-16

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