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Financial Deregulation and Consumption in the United Kingdom

Tamim Bayoumi

The Review of Economics and Statistics, 1993, vol. 75, issue 3, 536-39

Abstract: The last decade has seen widespread deregulation of domestic financial markets in the United Kingdom. This paper uses regional data to investigate the connection between consumption and financial deregulation. It is concluded that deregulation has led to a significant increase in the forward-looking nature of aggregate consumption. Copyright 1993 by MIT Press.

Date: 1993
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The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

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