Batini, Nicoletta; Nelson, Edward - Federal Reserve Bank of St. Louis - 2005
underestimation of the importance of monetary policy in demand management until 1970; a failure to distinguish real and nominal … the importance of
monetary policy in demand management until 1970; a failure to distinguish real and
nominal interest … decisions.
JEL codes: E51; E52; E60; E65.
Keywords: U.K. monetary policy, U.K. fiscal policy, inflation, instruments of …