search query: @author Thomas, R. / total: 17
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| Author: | Janssen, N. Nolan, C. Thomas, R. |
| Title: | Money, debt and prices in the United Kingdom, 1705-1196 |
| Journal: | Economica
2002 : VOL. 69, p. 461-479 |
| Index terms: | Economic history Financial theory United Kingdom |
| Language: | eng |
| Abstract: | The authors construct a consistent series for the market value of United Kingdom government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, they examine the interactions between debts, deficits, the monetary base and the price level. Across different sample periods, there is little econometric evidence that fiscal palocy has affected the course of the price level (or of the exchange rate under the Gold Standard). Government debt has not significantly affectd the base money stock, either. |
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