A fiscal theory of the price level

Minford, P. and Fan, J. ORCID: 0000-0003-4447-6580, 2010. A fiscal theory of the price level. Vox.

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Abstract

What happened to UK inflation in the 1970s? This column presents new research interpreting the period as an example of the "fiscal theory of the price level". As predicted by the theory, inflation followed a random walk.

Item Type:	Professional or trade journal contribution
Publication Title:	Vox
Creators:	Minford, P. and Fan, J.
Publisher:	Centre for Economic Policy Research
Date:	19 January 2010
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	20 Feb 2017 10:20
Last Modified:	09 Jun 2017 14:12
URI:	https://irep.ntu.ac.uk/id/eprint/30222

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