Recession and Recovery in the United Kingdom in the 1990'+L927s : A Vector Autoregression Approach

A Vector Autoregression Approach

Recession and Recovery in the United Kingdom in the 1990'+L927s : A Vector Autoregression Approach
This paper uses a vector autoregression (VAR) approach to identify the causes of the 1990-92 recession in the UK. The VAR approach is shown to be particularly pertinent for quantifying the relative magnitude of the different demand shocks, and in decomposing them into monetary and expectational factors. The main finding is that the recent... READ MORE...

Publication date: April 1995
ISBN 9781451845914
$15.00

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