The UK Recession in Context — What Do Three Centuries of Data Tell Us?

15 Pages Posted: 26 Dec 2010

See all articles by Ryland Thomas

Ryland Thomas

Bank of England - Monetary Analysis

Sally Hills

Bank of England - Monetary Analysis

Nicholas Dimsdale

University of Oxford

Date Written: December 13, 2010

Abstract

The Quarterly Bulletin has a long tradition of using historical data to help analyse the latest developments in the UK economy. To mark the Bulletin’s 50th anniversary, this article places the recent UK recession in a long-run historical context. It draws on the extensive literature on UK economic history and analyses a wide range of macroeconomic and financial data going back to the 18th century. The UK economy has undergone major structural change over this period but such historical comparisons can provide lessons for the current economic situation.

Suggested Citation

Thomas, Ryland and Hills, Sally and Dimsdale, Nicholas, The UK Recession in Context — What Do Three Centuries of Data Tell Us? (December 13, 2010). Bank of England Quarterly Bulletin 2010 Q4. Available at SSRN: https://ssrn.com/abstract=1730149

Ryland Thomas (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Sally Hills

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Nicholas Dimsdale

University of Oxford ( email )

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