Could Lloyd George have Done It? The Pledge Re-Examined

A complete macroeconomic model is estimated for the UK interwar period that can be described as monetarist in nature. The model is simulated to determine whether Lloyd George's pledge to create employment would have been effective. The proposed model draws from the new classical macroeconomics...

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Veröffentlicht in:	Oxford economic papers 1989-04, Vol.41 (2), p.374-407
1. Verfasser:	Matthews, K. G. P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Demand Economic models Economic theory Financial assets Foreign exchange rates Keynesianism Lloyd George, David (1863-1945) Mathematical analysis Price levels Private sector Public policy Public sector Real exchange rates Real wages Statistical analysis Unemployment
Online-Zugang:	Volltext
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