The Impact of the Internet on UK Inflation
15 Pages Posted: 2 Aug 2005
In this speech, Sushil B. Wadhwani, member of the Bank's Monetary Policy Committee, argues that the Internet is likely to have a highly significant impact on productivity, margins, the NAIRU and inflation over the next few years. He conjectures that there may be a case, therefore, for revisiting the MPC's assumptions on productivity growth, although he concedes that the Internet is only one of many factors that will influence the outlook for inflation.
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