Batini, Nicoletta; Nelson, Edward - Federal Reserve Bank of St. Louis - 2005
the last half-century. Rather than focusing on well-known recent changes in policy arrangements (such as the introduction … process. We also consider developments in fiscal policy in light of changes in the doctrines underlying U.K. macroeconomic …This paper provides an overview, using extensive documentary material, of developments in U.K. macroeconomic policy in …