Modelling the Medieval Economy: Money, Prices and Income in England, 1263–1520

Mark Casson and Catherine Casson

Chapter 3 in Money, Prices and Wages, 2015, pp 51-73 from Palgrave Macmillan

Abstract: Abstract This chapter presents a simple econometric model of the medieval English economy, focusing on the relationship between money, prices and incomes. The model is estimated using annual data for the period 1263–1520 obtained from various sources. The start date is determined by the availability of continuous runs of annual data, while the finishing date immediately precedes the take-off of Tudor price inflation. Accounts from the ecclesiastical and monastic estates have survived in great numbers for this period, thereby ensuring that crop yields can be estimated from a regionally representative set of estates.

Keywords: Gross Domestic Product; Crop Yield; Unit Root; Endogenous Variable; Money Supply (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-1-137-39402-6_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137394026

DOI: 10.1057/9781137394026_4

Access Statistics for this chapter

More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().