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• W2148633473 abstract "We investigate whether the Fiscal Theory of the Price Level can explain UK inflation in the 1970s. We find that fiscal policy was non-Ricardian and money growth entirely endogenous in this period. The implied model of inflation is tested in two ways: for its trend using cointegration analysis and for its dynamics using the method of indirect inference. We find that it is not rejected. We also find that the model's errors indicate omitted dynamics which merit further research." @default.
• W2148633473 created "2016-06-24" @default.
• W2148633473 creator A5033660073 @default.
• W2148633473 creator A5080073215 @default.
• W2148633473 date "2011-03-01" @default.
• W2148633473 modified "2023-09-27" @default.
• W2148633473 title "Can the Fiscal Theory of the Price Level explain UK inflation in the 1970s" @default.
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• W2148633473 hasPublicationYear "2011" @default.
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