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"Muddling Through or Tunnelling Through?” UK Monetary and Fiscal Exceptionalism and the Great Inflation

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NBER2025-07-01 更新2025-08-02 收录
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https://www.nber.org/papers/w34063
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Discussion of the causes of the Great Inflation in the UK during the 1970s has centred around the relative importance of two potential explanations, which we label bad luck the occurrence of unusually large commodity price and supply-side shocks - and bad policy reflecting failures in both monetary
提供机构:
美国国家经济研究局
创建时间:
2025-07-01
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