Lloyds Bank Annual Review articles from January 1 1992

Lloyds Bank Annual Review archives from January 1 1992

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...

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...

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,...

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...

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...

A new Keynesian approach to full employment. (Transcript)
January 1, 1992... I am greatly honoured by the invitation to speak at this conference to celebrate the centenary of the birth of John Maynard Keynes. Personally, like many others, I owe more to him than I can express. In my very first years as a economist I had...

How the battle against inflation was really won.
January 1, 1992... There are, of course, sharp differences of opinion about some of the key economic trends and policies during the last few years. For example, opinions differ as to why mass unemployment emerged in most advanced countries and particularly in...

Trade unions and inflation.
January 1, 1992... This chapter examines the role of trade unions in inflation, and goes on to explore how far restrictions on the present powers of unions could contribute to reducing the inflationary bias of the economy. Trade unions grew up to protect...

Does Britain really have a wages problem?
January 1, 1992... During the past eighteen months, economists, politicians and business people have seemed increasingly concerned that wage inflation in this country was not falling as fast as it should. With price inflation coming down, and unemployment, both...

The UK labour market: equilibrium or disequilibrium?
January 1, 1992... Introduction and overview The labour market in this country is one of the most studied, but probably the least understood, of all markets. There are a wide range of views about the nature of the labour market and its dynamics, but, we feel...