In this paper, we estimate separate UK money demand functions for the household and corporate sectors; and calculate estimates of the welfare cost of inflation. We find that the household sector bears most of the welfare burden which is in sharp contrast to previous (US) evidence. Also, we find...

type="main" <p>The Further Education (FE) sector has been the Cinderella of English education, attracting less research, despite the large number of students who attend FE colleges. We ask whether the post-16 institution attended by the pupil, i.e. FE college or school-based provision, influences...</p>