describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near …

Several controversial recent studies seek to explain Britain's high interwar unemployment rate as a consequence of the … generosity of her unemployment insurance system. All of these studies are based on macroeconomic time-series data. In contrast … London Life and Labour, conducted between 1928 and 1931. I use this data to analyse the relationship between unemployment …

This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is … best characterized as a flexible inflation targeter: contrary to criticism, it does not neglect changes in the output gap … transition to inflation-targeting; to the contrary, adjusting for inflation and the output gap, policy rates became lower, not …

This paper studies the role of unemployment in sterling’s inter-war experience. According to most narrative accounts …, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British … currency crises, highlights the conflict between the objective of low unemployment and defence of the currency and show that it …

During the 1980s youth unemployment rates have persistently exceeded unemployment rates for adults, in Britain as in … other OECD countries. In the interwar period, youth unemployment rates in Britain were dramatically lower than those for … industrial composition of employment, and economy-wide changes in the share of juveniles employed (due to changes in youth …