The UK recession in context — what do three centuries of data tell us?

Ryland Thomas, Sally Hills () and Nicholas Dimsdale
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Sally Hills: Bank of England, Postal: Threadneedle Street, London, EC2R 8AH, http://www.bankofengland.co.uk
Nicholas Dimsdale: The Queen's College, Oxford, http://www.queens.ox.ac.uk

Bank of England Quarterly Bulletin, 2010, vol. 50, issue 4, 277-291

Abstract: The Quarterly Bulletin has a long tradition of using historical data to help analyse the latest developments in the UK economy. To mark the Bulletin’s 50th anniversary, this article places the recent UK recession in a long-run historical context. It draws on the extensive literature on UK economic history and analyses a wide range of macroeconomic and financial data going back to the 18th century. The UK economy has undergone major structural change over this period but such historical comparisons can provide lessons for the current economic situation.

Date: 2010
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