The Determinants of Inflation in Post-War Britain: An Empirical Study

24 Pages Posted: 8 Oct 2006

See all articles by Marjan Petreski

Marjan Petreski

University of American college - Skopje - School of Business Economics and Management

Date Written: December 2005

Abstract

The aim of this paper is to arrive with a valid model that represents the determinants of inflation in Britain. Hence, the period from 1970 to 2003 is taken in consideration. Multiple regression analysis is used to test the hypotheses, which evokes an econometric model. Further, the significance of the included variables is tested and their economic sense is discussed. Finally, diagnostic tests performed, add towards constructing valid and representative model. As a result, convergence between the results from the empirical estimation and theory is found.

Keywords: Inflation, post-war, Britain, determinants

JEL Classification: E31, P24, P44

Suggested Citation

Petreski, Marjan, The Determinants of Inflation in Post-War Britain: An Empirical Study (December 2005). Available at SSRN: https://ssrn.com/abstract=935348 or http://dx.doi.org/10.2139/ssrn.935348

Marjan Petreski (Contact Author)

University of American college - Skopje - School of Business Economics and Management ( email )

Skopje, 1000
Macedonia

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