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- Title
Time-varying inflation expectations and economic fluctuations in the United Kingdom: a structural VAR analysis.
- Abstract
The article reports on the study that analyzes the macroeconomic dynamics in Great Britain by using explicit measures of inflation expectations (IE). It investigates how has the impact of the mix of real and nominal shocks on the economy evolved overtime, and the impact of IE on the economy. It suggests that shocks to IE had important effects on actual inflation in 1970, while oil price and real demand shocks led to important changes in macroeconomic variables.
- Subjects
UNITED Kingdom; MACROECONOMICS; ECONOMIC forecasting; PRICE inflation; ECONOMIC conditions in Great Britain, 1997-; PETROLEUM product sales &; prices
- Publication
Bank of England Quarterly Bulletin, 2010, Vol 50, Issue 2, p133
- ISSN
0005-5166
- Publication type
Article