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The Price Level Under Full Employment in the United Kingdom

  • J. Johnston
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Part of the International Economic Association Series book series (IEA)

Abstract

The purpose of this paper is to review the main studies that have been made of the post-war inflation in the United Kingdom and to suggest some possible lines for further work. The first section contains a short statistical résumé of this inflation: in the second we summarize and comment upon the main empirical analyses that have so far been made, while the third section contains preliminary results of a somewhat different approach. The emphasis throughout is on general price levels, expressed in index number form, though some of the studies contain partially disaggregated analyses for sub-sectors of the economy.

Keywords

Excess Demand Full Employment Import Price Consumption Function Wage Change 
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Copyright information

© International Economic Association 1966

Authors and Affiliations

  • J. Johnston
    • 1
  1. 1.University of ManchesterUK

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