The Price Level Under Full Employment in the United Kingdom

J. Johnston
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J. Johnston: University of Manchester

Chapter Chapter 6 in Price Formation in Various Economies, 1966, pp 82-104 from Palgrave Macmillan

Abstract: Abstract The purpose of this paper is to review the main studies that have been made of the post-war inflation in the United Kingdom and to suggest some possible lines for further work. The first section contains a short statistical résumé of this inflation: in the second we summarize and comment upon the main empirical analyses that have so far been made, while the third section contains preliminary results of a somewhat different approach. The emphasis throughout is on general price levels, expressed in index number form, though some of the studies contain partially disaggregated analyses for sub-sectors of the economy.

Keywords: Excess Demand; Full Employment; Import Price; Consumption Function; Wage Change (search for similar items in EconPapers)
Date: 1966
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08467-8_6

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DOI: 10.1007/978-1-349-08467-8_6

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