Lloyds Bank Annual Review articles

Recent articles from Lloyds Bank Annual Review

A Keynesian perspective on money.
January 1, 1992... Monetarism is an analytical system whose roots go deep into the history of economic thought. It is the modern version of the quantity theory of money which, in turn, is an integral part of classical and neo-classical economic theory. The quantity theory of money viewed inflation as being...

The long waves in economic life.
January 1, 1992... Introduction The idea that the dynamics of economic life in the capitalist social order is not of a simple and linear but rather of a complex and cyclical character is nowadays generally recognized. Since, however, has fallen far short of clarifying the nature and the types of these...

Inflation stabilization with incomes policy support.
January 1, 1992... Introduction In 1985-6 Argentina, Brazil and Israel initiated programmers of stabilization after episodes of high and sharply accelerating inflation. Among the key features of each stabilization programme were the use of wage-price controls, a fixed exchange rate and fiscal correction as...

Reforming the RPI: a better treatment of the housing costs? (Retail Price Index)
January 1, 1992... Summary Difficulty of measuring housing costs The Retail Price index (RPI)) measures inflation. Its purposes is to tell us by how much a person's income would need to be increased in order to maintain a constant level of consumption of goods and services. These include shelter...

The United Kingdom's inflation performance: an analysis by the CBI's economic staff. (Confederation of Banking Industry)
January 1, 1992... Introduction Despite the improvement in the United Kingdom's relative inflation performance in the early 1980s, we have not closed the gap with our major competitors, particularly those in Europe. Indeed, the gap is widening. Because has more than most to lose from inflation, not...