Working paper
The Thatcher Miracle?
- Abstract:
-
Since 1979 productivity growth in Britain has improved markedly compared with Europe. The turnaround in productivity growth has two main causes. The British economy was subjected to a far more severe contraction of demand in 1980-81 than any other country. This led to a new realism, which was sustained by the legal changes in trade union power. Since 1979 there has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due to the neg...
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Bibliographic Details
- Publisher:
- CEPR
- Volume:
- 315
- Series:
- C.E.P.R.Discussion Papers
- Host title:
- C.E.P.R.Discussion Papers
- Publication date:
- 1989-01-01
- Paper number:
- 315
Item Description
- Language:
- English
- UUID:
-
uuid:b2b1d93a-b232-42e1-ae70-e4ac876cb0be
- Local pid:
- oai:economics.ouls.ox.ac.uk:11704
- Deposit date:
- 2011-08-16
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- Copyright date:
- 1989
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