The Current Inflation: Proceedings of a Conference Held at the London School of Economics on 22 February, 1971Harry Gordon Johnson, Avelino Romeo Nobay Compilation of conference papers on current inflationary trends in the UK - comprises (1) a discussion of the wages and price relationships employed in macro-economic forecasting models, (2) a literature survey on the philips curve, and (3) an examination of the different government policy alternatives to combat inflation. References. Conference held in london 1971 feb 22. |
Contents
Some Aspects of the Present Inflation and | 3 |
Inflation and the Southampton Model Ivor Pearce | 38 |
A Study of Wages and Prices in the U K 1949 | 52 |
Copyright | |
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The Current Inflation: Proceedings of a Conference held at the London School ... Harry G. Johnson,A.R. Nobay No preview available - 2014 |
Common terms and phrases
adjustment aggregate demand AIV estimator analysis autoregressive errors behaviour cent change of money coefficient correlation deflator demand for labour dummies Economica effects of incomes excess demand expected rate expenditure explain export forecasting Hines hypothesis import prices incomes policy indirect taxes industry inflationary Institute Economic instrumental variables labour force labour market level of unemployment Lipsey and Parkin Lipsey-Parkin ment micro-economics monetary money wage rates output parameters percentage Phillips curve policy-off periods policy-on positive prediction errors price change price equation price expectations price index price inflation problem productivity profits proxy rate of change rate of inflation rate of wage re-estimated real wage recent regressors relationship retail price index rise Sargan sector significant statistically suggested t-ratios Table theory tion trade unions trade-off trend unem unionised United Kingdom wage and price wage changes wage equation wage increases wage inflation wage-price wage-rate workers zero