In contrast to an earlier article in the Review by Artis and Nobay (no. 49, August 1969), this paper obtains equations for the UK similar to those of the Federal Reserve Bank of St. Louis for the US economy. Such equations have strong monetarist policy implications. However, quite apart from the...

This article describes a variety of simulations carried out with the three major macroeconomic quarterly forecasting models of the UK currently in operation—those of the Treasury, the London Business School and the National Institute. The simulations cover both fixed and floating exchange...