| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP657 |
| DP657 Wage Inflation, Electoral Uncertainty and the Exchange Rate Regime: Theory and UK Evidence | |
| George Alogoskoufis; Ben Lockwood; Apostolis Philippopoulos | |
| 发表日期 | 1992-03-15 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the dynamics of inflation. We combine this model with the `exchange-rate-regime' model of inflation and examine the experience of the United Kingdom. Outside the fixed exchange rate regime of Bretton Woods, persistently high inflation can be attributed to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections are associated with higher inflation, with the exception of the Thatcher period. There is no evidence that the Labour party is more inflationary in general than the Conservatives. |
| 主题 | International Macroeconomics |
| 关键词 | Elections Exchange rate regimes inflation Politics Unemployment United kingdom |
| URL | https://cepr.org/publications/dp657 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529792 |
| 推荐引用方式 GB/T 7714 | George Alogoskoufis,Ben Lockwood,Apostolis Philippopoulos. DP657 Wage Inflation, Electoral Uncertainty and the Exchange Rate Regime: Theory and UK Evidence. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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