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A (simple) justification for Carney’s “7% unemployment rate threshold”

Costas, Milas (2013) A (simple) justification for Carney’s “7% unemployment rate threshold”. British Politics and Policy at LSE (27 Aug 2013). Blog Entry.

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Abstract

Looking at the change in the UK inflation rate against the UK unemployment rate over the 1971-2012 period, Costas Milas examines the implications of the Bank of England’s forward guidance and why the 7% threshold was chosen. The empirical results offer support to the recent decision by Mark Carney and his MPC colleagues.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy
Additional Information: © 2013 The Author(s) CC BY-NC-ND 3.0; Online
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HJ Public Finance
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Collections > British Politics and Policy at LSE
Date Deposited: 08 May 2017 15:03
Last Modified: 12 Sep 2019 23:22
URI: http://eprints.lse.ac.uk/id/eprint/76011

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