We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Evolving post-World War II UK economic performance.
- Authors
Benati, Luca
- Abstract
This article uses tests for multiple structural breaks at unknown points in the sample period and frequency domain techniques to investigate changes in UK economic performance during the post-World War II era. The paper identifies structural breaks in real GDP growth and in three alternative measures of inflation around the time of the introduction of inflation targeting. Based both on band-pass filtering and on cross-spectral analysis, the Phillips correlation between unemployment and inflation at the business cycle frequencies appears to have undergone significant changes over the past 50 years.
- Subjects
UNITED Kingdom; PRICE inflation; GROSS domestic product; ECONOMIC activity; BUSINESS conditions; GROSS national product
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 4, p456
- ISSN
0005-5166
- Publication type
Article