Macroeconomic Policy in Britain 1974-1987

by Andrew J. C. Britton

Overview

This book is a survey of macroeconomic policy in Britain in the 1970s and 1980s, and argues that there were important elements of continuity in the way decisions were actually taken year-by-year and month-by-month in the Treasury and the Bank of England in this period. The book contains a chronological account of policy actions and their setting, a history of ideas, describing the most influential writings of economists in Britain during this period, a look at the influence of the world economy on Britain, and several elements of new statistical analysis.

Product Details

ISBN-13:	9780521410045
Publisher:	Cambridge University Press
Publication date:	07/25/1991
Series:	National Institute of Economic and Social Research Economic and Social Studies , #36
Pages:	386
Product dimensions:	5.98(w) x 9.02(h) x 0.98(d)

Table of Contents

List of tables; List of charts; Preface; 1. Introduction; Part I. Narrative of Events: 2. Prelude: the last years of the health government; 3. The labour government 1974–9; 4. The conservative government 1979–83; 5. Conservative government continued 1983–January 1985; Part II. History Of Ideas: 6. The seventies, developments of Keynesianism; 7. The seventies, the monetarist challenge; 8. The eighties, monetarism in practice; 9. The eighties, alternatives to monetarism; Part III. Britain and the World Economy: 10. The world economy 1974–87; 11. The British economy compared with others; Part IV. The Conduct Of Policy: 12. Introductory note on methods of analysis; 13. The conduct of monetary policy; 14. The conduct of fiscal policy; Part V. The Outcome For Policy Objectives: 15. External balance and the exchange rate; 16. Unemployment; 17. Inflation; 18. Output growth; Part VI. Conclusions: 19. Conclusions; Appendix; Charts of main economic indicators; Bibliographic notes; Index.